NZD/USD: a good chance for the NZD
Recommendation: BUY 0…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/USD: let's buy the AUD
On the daily chart of AUD/USD, bulls have been trying to implement the “Shark” pattern and pull the pair to its 88.6% target.
GBP/USD: the Bears still active
Expanding bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
EUR/USD: euro goes to August’s lows
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.
What’s up with the US stock market?
After the rough February and March, S&P 500 had been enjoying the period of steady growth, until it was hit by a selloff in October…
EUR/USD: 'Three Methods' led to decline
The market is likely going to test the next support at 1.1301 shortly. A pullback from this level could be a starting point for...
EUR/USD: a possible rise for the euro
On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns.
EUR/GBP: the euro is stronger
On the daily chart of EUR/GBP, bears couldn’t pull the pair below the bottom line of the long-term channel of 0.87-0.902, it signals their weakness.
GBP/USD: 'Pennant' pushed price lower
The pair is going to test another support at 1.2784 - 1.2753. Meanwhile, if we have a pullback from this area little later on...
USD/JPY: dollar/yen still in negative mood
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.
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.
How to trade the AUD in the upcoming days
Since the beginning of 2018, the Australian dollar has depreciated by 6-8% against major counterparts.
