GBP/USD: market to test the next resistance
A pullback from 1.3102 could be a starting point for a decline in the direction the nearest support at 1.3027 - 1.2982...
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
When to buy EUR/JPY?
On the daily chart, if EUR/JPY breaks the diagonal resistance and exits the uptrend channel, it may form AB=CD and trigger a “Broadening wedge”.
GBP/USD: correction expected
Expanding bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
EUR/USD: euro got positive mood
Bullish Ichimoku Cloud with rising Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
Negative trend for the AUD
The Australian currency keeps following the negative trend as a result of the market’s contagion by trade wars…
EUR/USD: 34 & 55 MA acting as resistance
The last bearish 'Shooting Star' hasn't been confirmed enough. So, the market is likely going to test the nearest support at 1.1505...
GBP/USD: 'Thorn' pattern led to consolidation
We should keep an eye on the nearest resistance at 1.3081 - 1.3102 as the next bullish target...
British economy and Bank of England: the link
An important meeting will happen at 14:00 MT on Thursday: the Bank of England will announce its official rate…
GBP/USD: pound stays on the shelf
On the daily chart, bulls are trying to bring GBP/USD outside of the 1.2785-1.3050 consolidation range. It was formed in line with a “Spike and ledge”.
USD/CAD: loonie is breaking wedges
On the daily chart, USD/CAD is fighting for an important level of 23.6% of the long-term wave.
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 in consolidation on lows
Expanding bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
