Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

Morning brief for May 18
Morning brief for May 18

The US dollar was hurt and Treasury yields declined with allegations against Trump on the collusion between his election campaign and Russian entities…

EUR/USD: price testing 7/8 MM Level
EUR/USD: price testing 7/8 MM Level

The price is testing 7/8 MM Level, so wave 2 is about to end. If we see a pullback from this level, there'll be an opportunity to have wave (i).

AUD/USD: aussie keep staying in Cloud
AUD/USD: aussie keep staying in Cloud

Narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a new golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen; the prices are supported by Tenkan-Sen.

GBP/USD: pound looks better
GBP/USD: pound looks better

Narrow bullish Ichimoku Cloud, horizontal Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen and the Bulls going to breakout an SSA’s resistance.

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