USD/CHF: franc wants more
On the daily chart of USD/CHF, a break of the lower levels of a triangle and the uptrend channel allowed bulls to seize the initiative and form a “Spike and ledge”.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: pound inside Cloud yet
Narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and falling Senkou Span B.
EUR/USD: euro goes to July highs
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
GBP/CHF broke support zone
GBP/CHF broke support zone Next sell target - 1…
USD/CAD broke support zone
USD/CAD broke support zone Next sell target - 1…
Long-term charts you should look at
How often do you check the weekly and monthly charts? Do you do this for many currency pairs? Whatever you are doing, you can certainly do more! Let’s have a look at some interesting long-term charts…
CAD: NAFTA threats still press
On August 28, the CAD reached the highest level against the USD since the beginning of June 2018.
USD/JPY: 'Shooting Star' points to correction
The market is likely going to test the closest support at 110.80. A pullback from this line could be a starting point for another...
EUR/USD: 'Three Methods' pattern
The price is likely going to test the next resistance at 1.1756, which could be a departure point for a downward correction...
GBP/USD: consolidation between Moving Averages
It's likely that the price is going to test the nearest resistance at 1.2957. If we have a pullback from this level afterwards...
EUR/USD: no any reversal pattern so far
The main intraday target is the next resistance at 1.1745 - 1.1757. A pullback from this level could lead to the bearish correction...
USD/CAD: Canadian dollar is in charge
On the daily chart of USD/CAD, sellers attempted to trigger a “Bat” pattern with a target at 88.6%.
