Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Oil is in the arena
Oil is in the arena

On Monday, May 28, Brent has slumped to $75 a barrel, WTI has declined to $66.70.

GBP/USD: 'V-Top' led to decline
GBP/USD: 'V-Top' led to decline

The main intraday target is the closest support at 1.3300 - 1.3266. A pullback from this area could be a starting point for...

EUR/USD: euro on new lows
EUR/USD: euro on new lows

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal

USD/JPY: 'Morning Star' pattern
USD/JPY: 'Morning Star' pattern

The pair is going to test the upper 'Window' shortly. A pullback from this level could be a starting point for another decline...

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