Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: pound fixed above Cloud
GBP/USD: pound fixed above Cloud

Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen; the prices are above the Cloud and on the support of Senkou Span A.

EUR/USD: euro returned to positive area
EUR/USD: euro returned to positive area

Narrowing bearish Ichimoku Cloud, rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the prices are returned to the positive area and may go higher.

AUD/USD: aussie will test Cloud’s resistance
AUD/USD: aussie will test Cloud’s resistance

Bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under strong resistance of the Cloud.

GBP/USD: pound reached SSB’s support
GBP/USD: pound reached SSB’s support

Narrowing bullish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, with falling Tenkan-sen; the prices in a cloudy area on the support of Senkou Span B.

XAU/USD: bears got out
XAU/USD: bears got out

Recommendation: SELL $1266 SL $1281 TP1 $1237 TP2 $1212 On the daily chart, a break of XAU/USD below the lower border of a $1266-1288 consolidation range allowed bears to get out…

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