Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: pound supported by Tenkan-sen
GBP/USD: pound supported by Tenkan-sen

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are supported on Tenkan-sen and will continue the uptrend.

EUR/USD: euro looking for continue uptrend
EUR/USD: euro looking for continue uptrend

Bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span B and returned to upper border of the Cloud.

EUR/USD: 34 & 55 MA acting as support
EUR/USD: 34 & 55 MA acting as support

There isn't any reversal pattern. In this case, the price is likely going to test the nearest support area once again. If a bullish pattern forms...

EUR/USD:
EUR/USD: "Double Top" pattern

The main target is the 55 MA. If a pullback from this line happens little later on, bulls will probably try to reach another resistance...

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