Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bullish "Tweezers"
EUR/USD: bullish "Tweezers"

There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers".

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

The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern.

Morning brief for May 29
Morning brief for May 29

The start of this week was really quiet with the UK, the US observing Memorial Day and China celebrating Dragon Boat Festival…

AUD/USD: bears ready to continue sales
AUD/USD: bears ready to continue sales

Narrow bullish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are under the Cloud.

USD/JPY: bullish "Hammer"
USD/JPY: bullish "Hammer"

There are a "Doji" and an "Engulfing", so the price is likely going to get resistance in the middle of the last huge black candle.

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