USD/CAD: bulls reached a convergence zone
On the USD/CAD daily chart, there is a continuation of the rally towards the convergence zone 1…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
Morning brief for May 3
Kiwi was the biggest mover in the last trading sessions…
USD/JPY: Dollar made new highs
Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under daily resistance.
GBP/USD: pound on support of Tenkan-Kijun
Expanding bullish Ichimoku Cloud, rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of the lines Tenkan-sen and Kijun-sen; the market is in consolidation, may go lower to the Cloud.
USD/JPY broke key resistance level 111.70
USD/JPY broke key resistance level 111…
CHF/CHF rising inside intermediate (C)-wave
CHF/CHF rising inside intermediate (C)-wave Next buy target - 114…
Banks forecasts ahead of the FOMC meeting
The Federal Open Market Committee will deliver its rate statement on May 3…
EUR/USD: wave (iii) nearly over
Wave (iii) is likely going to end soon, which means we could have wave (iv) soon.
USD/JPY: bulls going to test "Window"
The price as approaching the upper “Window”, but we still don’t have any reversal pattern.
EUR/USD: bearish patterns inside strong resistance
There’s a strong resistance area, where we’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Doji”.
Oil market overview
Oil prices dropped to $50…
GBP/USD: Gap going to act as resistance
We’ve got a “Double Top”, which has been confirmed. At the same time, bulls are likely going to test the nearest resistance.
