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Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: 'V-Bottom' pattern
EUR/USD: 'V-Bottom' pattern

The price is testing the 89 Moving Average. If this line turns out to be broken, we should keep an eye on the nearest resistance...

GBP/USD: falling into cloudy area
GBP/USD: falling into cloudy area

Bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a correctional dead cross of Tenkan-sen and Kijun-sen; the prices entered inside a Cloud and can test the support of Senkou Span B.

EUR/USD: euro testing Cloud’s support
EUR/USD: euro testing Cloud’s support

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with the falling Tenkan-sen; the market had corrected to the Cloud and keep staying on its support.

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