Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CAD: bears are weak
USD/CAD: bears are weak

On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed.

USD/JPY: the Dollar going higher
USD/JPY: the Dollar going higher

Bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

AUD/USD: aussie on Cloud
AUD/USD: aussie on Cloud

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.

Tradign forecast for June 12
Tradign forecast for June 12

The US dollar index managed to rebound from the psychological level at $93.50. Up to now, it is trading near $93.65.

EUR/USD: local 'V-Top' pattern
EUR/USD: local 'V-Top' pattern

The pair is likely going to test the Moving Averages shortly. Meanwhile, if a pullback from these lines happens little later on...

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