Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD:
EUR/USD: "Thorn" pattern

The price was declining, but the 34 Moving Average acted as support. Therefore, we've got a bullish "Thorn" pattern...

USD/JPY: dollar in correction
USD/JPY: dollar in correction

Expanding bulllish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are tested the main resistance and returned to support of Tenkan-sen.

AUD/USD: aussie will continue uptrend
AUD/USD: aussie will continue uptrend

Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are breaking out the resistance of 0.7680 and may go higher.

USD/JPY: bearish
USD/JPY: bearish "High Wave"

There's a "Shooting Star", which has been formed at the last local high. However, this pattern doesn't have confirmation so far...

EUR/USD:
EUR/USD: "Pennant" pattern

It's likely that the pair is going to test the nearest resistance at 1.1914 - 1.1941. Meanwhile, if a pullback from this area happens little later on...

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