AUD/USD: bears in game
Narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/AUD reversed from support area
EUR/AUD reversed from support area Next buy target - 1…
AUD/CHF reversed from resistance zone
AUD/CHF reversed from resistance zone Next sell target - 0…
USD/JPY: pullback from the lower 'Window'
We should keep an eye on the nearest resistance at 110.58, which could be a starting point for another decline...
EUR/USD: 'Three Methods' pattern
EURUSD is going to test the 144 Moving Average. A pullback from this line could be a starting point for a downward correction...
GBP/USD: 'Double Top'
The price is testing the 55 Moving Average. It's likely to have a correction towards the nearest support at 1.2811...
EUR/USD: local trend is bearish
There's a 'Thorn' pattern, so we're likely going to have a local bearish correction. So, we should keep an eye on the nearest support...
The RBA needs a weak AUD
This week the governor of the Reserve Bank of Australia Mr. Lowe proved again that the bank wants to see the weak AUD and interest rates remaining at a record low “for a while yet”.
What to expect from the Federal Reserve?
The US Federal Reserve will release the minutes of its August meeting today at 21:00 MT time.
GBP/USD is like a phoenix
On the daily chart, GBP/USD keeps forming a “Spike and reversal with acceleration”.
USD/CHF: too little space in the triangle
On the daily chart, USD/CHF broke below the lower border of a triangle and the uptrend channel.
GBP/USD: pound will test SSB’s resistance
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun.
