XAU/USD near-term outlook
The bullion rose to $1245 as Trump-related news sparked safe-haven demand…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: bulls going to test next resistance
The pair is consolidating along the 55 MA, so bulls are going to achieve the closest resistance at 1.2964 - 1.2995.
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
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.
AUD/USD: will bulls show their weakness?
On the AUD/USD daily chart, there is a continuation of the near-term bearish trend…
EUR/USD: "V-Top" at the local high
We've got a "V-Top" at the local high. If this pattern confirms, bears are likely going to test support at 1.1066.
USD/CAD: loonie got a free ride on Wolf wave
Recommendations: hold shorts (SELL 1,365 SL 1,3705 TP1 1,3525 TP2 1,337), BUY 1,3435 SL 1,338 TP 1,365…
Morning brief for May 17
US dollar weakness extended in the course of the Asian session with DXY dropping to 97…
EUR/NZD rising inside minor impulse wave 5
EUR/NZD rising inside minor impulse wave 5 Next buy target - 1…
EUR/GBP rising inside impulse waves 3 and (3)
EUR/GBP rising inside impulse waves 3 and (3) Next buy target - 0…
Canadian dollar near-term outlook
The Lonnie has strengthened against the USD on Monday as oil prices spiked to their highest level since late April after the large oil producers – Russia and Saudi Arabia – agreed to extend the supply cut deal for another nine months…
EUR/USD: bulls going to test 7/8 MM Level
There's a double zigzag in wave 2. It seems like a bullish impulse in wave (c) of [y] is going to end in the coming hours.
