Gold is squeezed in the channel
On the daily chart of gold, quotes approached the lower border of the upward trading channel…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Morning brief for June 21
These last two days passed without any key data releases, but with more UK political uncertainty (the UK government is still not formed), an extremely dovish Mark Carney overlaid with a significant downfall in oil prices…
GBP/USD: pound formed new local lows
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices made the new lows for the last two months and the marker is oversold.
EUR/USD: euro going to 4W-lows
Expanding bearish Ichimoku Cloud, falling Senkou Span A; the cancelled dead cross of Tenkan-sen and Kijun-sen, but falling Kijun-sen; the prices are on the 4W-lows.
GBP/JPY ending a possible bearish correction around 140.00
GBP/JPY has started a corrective phase on June 20th as it managed to find a top around 142…
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone Next sell target - 1…
GBP/CAD reversed from resistance zone
GBP/CAD reversed from resistance zone Next sell target - 1…
GBP/AUD falling inside minor impulse wave 1
GBP/AUD falling inside minor impulse wave 1 Next sell target - 1…
USD/JPY: "High Wave" and "Three Methods"
We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.
EUR/USD: "Dark Cloud" pattern
The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".
EUR/USD: another bearish impulse
There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...
GBP/USD: bulls going to test closest resistance
There's a developing "Rising Wedge". The price is testing the lower side of this pattern.
