GBP/USD is choosing the way
GBP/USD is trying to consolidate after the April-August decline. The range of 1.27-1.30 is the most likely consolidation range.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/CHF: a pin bar scared sellers
USD/CHF broke below the lower border of the uptrend channel and the triangle with the following triggering of the “Bat”.
USD/JPY: the Dollar returned to positive area
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen.
AUD/USD: aussie looks weak
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
XAU/USD: bulls should surrender
On the daily chart of XAU/USD, bulls couldn’t break the resistance at 1,216 and hold the pair above 1,209.
USD/CAD: the loonie is waiting for the signal from the “wedge”
On the daily chart of USD/CAD, bears couldn’t break the support at 1.2885 and keep the pair below 1.296.
GBP/USD: pound returned to Cloud’s support
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; an irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
EUR/USD: inside Cloud
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan.
AUD/USD: bears send Aussie to the bottom
The inability of bulls to stay in the previous consolidation range of 0.7320-0.7470 pointed at their weakness.
NZD/USD got disappointed
On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%.
USD/JPY: the Dollar on Cloud’s support
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
AUD/USD: aussie updated lows
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
