Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

GBP/USD: pound will test Cloud again
GBP/USD: pound will test Cloud again

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a correctional golden cross of Tenkan-sen and Kijun-sen; the prices returned to Cloud again and the Bulls can try to breakout its resistance.

EUR/USD: developing wave (i)
EUR/USD: developing wave (i)

The price hasn't fixed above 4/8 MM Level, so wave [c] of 2 may have been ended. Therefore, there's developing wave (i).

Post-FOMC news brief for June 15
Post-FOMC news brief for June 15

The Fed’s policymakers agreed to raise their benchmark lending rate, projected additional hike in 2017 and revealed their plans on how they intend to shrink their $4…

GBP/USD: bearish "Flag"
GBP/USD: bearish "Flag"

The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern, which has confirmation.

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