Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: 'Flag' has been broken
EUR/USD: 'Flag' has been broken

The market is likely going to test the closest resistance at 1.2346 - 1.2358. Meanwhile, if a pullback from this area forms...

GBP/USD: pound reached 3W-highs
GBP/USD: pound reached 3W-highs

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market is growing up and reached 3W-highs, but inside a overbought area on daily timeframe.

EUR/USD: euro looking for support on 1.2300
EUR/USD: euro looking for support on 1.2300

Narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market had returned into the cloudy area and looking for the support to continue uptrend.

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