Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: back to Cloud’s support
EUR/USD: back to Cloud’s support

Bullish Ichimoku Cloud with rising Senkou Span A; a new irregular dead cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the market had returned to Cloud’s support.

DAX 30: close to test a strong resistance zone
DAX 30: close to test a strong resistance zone

DAX has been moving in a recovery phase since March and while gains are capped by the 200 SMA at H4 chart, the index scopes to consolidate above the Fibonacci level of 50% at 12659…

EUR/USD: 'Rising Wedge' pattern
EUR/USD: 'Rising Wedge' pattern

It's likely that we're going to have a 'Rising Wedge' pattern on EURUSD. So, we should keep an eye on the 89 Moving Average...

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