USD/JPY: last high going to be broken
The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: "Window" going to act as resistance
We've got a bullish "Three Methods" pattern, so the price is likely going to test the upper "Window".
US dollar outlook from major banks
The US dollar was lower against most of its major peers since the very start of the week, pressured by a round of disappointing economic data and by gains made by commodity-sensitive currencies as crude oil futures spiked to its highest level since late…
USD/JPY: yen takes up the running
Recommendation: BUY 111,95 SL 111,4 TP 114…
USD/CHF: bulls need to arm themselves with patience
Recommendation: BUY 1,0085 SL 1,003 TP 1,02…
GBP/USD: bulls to deliver new local high
The pair is moving up and down between resistance at 1.2945 and support at 1.2883.
EUR/USD: "Pennant" led to bullish rally
The market is likely going to continue moving up towards the next resistance at 1.1025 - 1.1039 in the short term.
Morning brief for May 16
The euro extended its gains to 1…
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.
