AUD/USD: aussie couldn’t break Cloud’s resistance
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Trading plan for August 7
The US dollar index has been climbing to the psychological level at $95.50.
AUD/USD: Aussie wants to go
On the daily chart, AUD/USD keeps consolidating in the 0.7305-0.7485 range. A break of its lower border will increase the odds of the decline to 200% target of AB=CD.
NZD/USD: a head and shoulders
NZD/USD is ready to trigger a “Broadening wedge”. For that, bears need to pull it below support at 0.6715 where the lower border of the “Spike and ledge” pattern lies.
GBP/USD: the Bears tests new lows
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
EUR/USD: euro goes to June’s lows
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a strong dead cross of Tenkan-sen and Kijun-sen with falling lines.
EUR/GBP got lost in the corridor
On the daily chart, EUR/GBP keeps consolidating in the 0.8700-0.9020 range in line with the “Spike and ledge” pattern on the basis of 1-2-3.
EUR/USD: will the euro fall?
On the daily chart, EUR/USD keeps consolidating in the 1.1510-1.1780 range in line with the “Spike and ledge” pattern on the basis of 1-2-3.
USD/JPY: the Dollar looks strong
Bearish Ichimoku Cloud but falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
AUD/USD: the Bears ready to sell aussie
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen.
USD/JPY: no one wants to give in
On the daily chart, USD/JPY is fighting for an important level of 111.65 (50% of the long-term descending wave).
EUR/JPY: yen is preparing another attack
On the daily chart, EUR/JPY pulled back after reaching 78.6% target of a Gartley pattern.
