Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

AUD/USD: aussie under strong resistance
AUD/USD: aussie under strong resistance

Bullish Ichimoku Cloud with horizontal Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel of Tenkan-Kijun; the market is under strong main resistance of 0.7880.

EUR/USD:
EUR/USD: "Doji" pattern

It's likely that the 34 Moving Average is going to act as support. If so, there'll be an opportunity to have a local upward correction...

GBP/USD: main trend still bullish
GBP/USD: main trend still bullish

The price is still consolidating near the 34 Moving Average. So, it's likely to have a decline in the direction of the closest support...

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