Morning brief for May 16
The euro extended its gains to 1…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/CHF reached buy target 1.0100
USD/CHF reached buy target 1…
EUR/USD reversed from support zone
EUR/USD reversed from support zone Next buy targets - 1…
EUR/USD: 6/8 MM Level as important resistance
6/8 MM Level is likely going to act as resistance once again. If we see another pullback from this line, wave (i) is going to be continued.
USD/JPY: "Window" acting as support
The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high.
EUR/USD: bulls going to test last high
The 55 Moving Average and the lower "Window" have acted as support, so we've got a "Three Methods" pattern on this line.
GBP/USD: banks’ near-term forecasts
Bank of America FX Strategy Research notes that GBP has been broadly lower in the aftermath of the BoE decision with some of the main pairs having failed to break through resistance in recent weeks…
GBP/USD: resistance waiting for bulls
The 55 Moving Average has acted as support, so we've got a "Double Bottom" on this line.
EUR/USD: bulls going to test down trend
There's a "Triple Bottom", so the market is likely going to test resistance near the downtrend.
EUR/JPY: euro faced with the wedge
Recommendations: SELL 123,6 SL 124,15 TP1 122,25 TP2 120,8, BUY 124,3 SL 123,75 TP1 125,2 TP2 128…
GBP/USD: bulls try to restore the trend
On the GBP/USD daily chart, bulls retained the hold of the support at 1…
Morning brief for May 15
Brent oil futures jumped to $51…
