NZD/USD: the kiwi is near the precipice
On the daily chart of NZD/USD, bulls couldn’t break the resistance at 0.706 and pull the pair out the downward channel that signaled their weakness.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: pound may continue downtrend
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.
EUR/USD: euro in consolidation
Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
CAD/JPY reversed from resistance zone
CAD/JPY reversed from resistance zone Next sell target - 83…
EUR/NZD reversed from support area
EUR/NZD reversed from support area Next buy target - 1…
USD/JPY: bearish 'Engulfing'
The pair is likely going to reach the nearest support at 110.17. A pullback from this level could be a departure point for a bullish rally...
EUR/USD: 'Inverted Hammer' on the 'Window'
The market is likely going to test the nearest resistance at 1.1695, which could be a starting point for another decline...
GBP/USD: 'V-Top' pattern led to decline
It's likely to have a bullish correction in the coming hours. The main intraday target is the closest resistance at 1.3253 - 1.3277...
EUR/USD: market plunged because of 'V-Top'
It's likely to have a correction during the day. Even so, the price is going to continue declining afterwards...
EUR/USD: euro is on the edge
On H1, EUR/USD is near the convergence area (88.6% target of a “Shark”). This increases the risks of a pullback towards 23.6%, 38.2% и 50% of the wave CD. Use the correction for selling.
USD/JPY: dollar looks strong
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
AUD/USD: aussie returned to May’s lows
Bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen and Kijun-sen.
