EUR/USD: bullish "Triangle"
The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, there's a triangle.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Oil: bulls are preparing for the attack
Recommendation: BUY 51,5 SL 50,5 TP1 52,8 TP2 53,9…
Gold is trapped in the triangle
Recommendations: BUY $1262,5 SL $1252,5 TP $1315, SELL $1248 SL $1258 TP1 $1233 TP2 $1224…
Morning brief for May 26
Brent futures dropped to $51…
USD/JPY: trades continue in cloudy area
Bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen; the prices keep staying in the cloudy area; strong support of horizontal Kijun-sen and Senkou Span A.
AUD/USD: bears breakdown Cloud’s support
Narrowing bullish Ichimoku Cloud, falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the negative zone.
GBP/CHF broke support level 1.2640
GBP/CHF broke support level 1…
CHF/JPY reached buy target 114.30
CHF/JPY reached buy target 114…
USD/JPY: bearish "Shooting Star"
The 55 Moving Average is acting as resistance, so we've got a "Doji" and an "Engulfing" at the local high.
EUR/USD: "High Wave" stopped bulls
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
EUR/USD: second pullback from 8/8 MM Level in a row
There's a bearish impulse, which could be wave i of (i). 8/8 MM Level has acted as resistance twice.
Trading the OPEC meeting
Today the OPEC members are set to discuss in Vienna whether to prolong a production cut agreement reached in November 2016…
