Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: yen entered a dead area
USD/JPY: yen entered a dead area

USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.

EUR/USD: triangle stopped the euro
EUR/USD: triangle stopped the euro

On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.

GBP/USD: pound inside Cloud
GBP/USD: pound inside Cloud

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.

EUR/USD: euro falling to negative zone
EUR/USD: euro falling to negative zone

Narrowing bullish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.

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