EUR/USD: will the EUR rise?
Recommendation: BUY 1.1470 SL 1.1415 TP1 1.1570 TP2 1.1660 TP3 1.1760
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY: the Bulls can’t maintain uptrend
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
AUD/USD: aussie entered inside cloudy area
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
USD/JPY: sell the USD
On a daily chart of USD/JPY, bears could not move the pair out of the upward channel and create a combination of “Three Indians” and 1-2-3 patterns.
EUR/JPY: Uncertainties around the EUR
On a daily chart of EUR/JPY, there is a consolidation based on the implementation of the “Broadening Wedge” pattern.
GBP/USD: pound will continue downtrend
Bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
EUR/USD: euro on Cloud’s support
Bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
GBP/USD: GBP is weak again
On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
USD/CHF: Swiss Franc is strong
On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.
USD/JPY: the Bulls entered inside Cloud
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
AUD/USD: aussie returned to Cloud
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
USD/CAD: the CAD has chances
On the daily chart of USD/CAD, after the pair reached the 1.3285-1.3315 convergence (targets of "Shark" and "Wolfe waves" patterns), a logical pullback happened.
