Fundamental outlook for Forex majors
Let’s get into the fundamental factors which have an impact on the key currencies…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: 'Pennant' pattern pushing price lower
The pair is likely going to reach the nearest support at 1.2728 - 1.2723 in the coming hours...
GBP/USD: pound is ready for downtrend
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
EUR/USD: euro returned to positive area
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
AUD/JPY awaits a volatility spike
AUD/JPY is testing levels above the 50-week MA at 82.79.
EUR/USD: the EUR is strengthening
On a daily chart of EUR/USD, there is a correction towards the downward middle-term trend as a part of the transformation of the "Shark" pattern into 5-0.
EUR/GBP: bullish signal for the EUR
On the daily chart of EUR/GBP bulls could take control over the situation after a small reversal.
The paths for NZD/USD
NZD/USD reached the previous high at 0.6884 but failed to move higher.
EUR/USD: 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1327. The subsequent pullback from this level could lead to...
GBP/USD: 34 Moving Average acted as resistance
We had a 'Triple Top' pattern, which led to the current upward price movement. It's likely that the pair is going to...
EUR/JPY: the euro can weaken
On a daily chart of EUR/JPY, the consolidation as a part of the implementation of the “Broadening wedge” pattern continues.
USD/JPY: the yen recovers
On a daily chart of USD/JPY bulls could not move the pair outside the triangle.
