Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

AUD/USD: bears are resuming the trend
AUD/USD: bears are resuming the trend

On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions.

USD/JPY: trend has changed
USD/JPY: trend has changed

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen

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