Morning brief for April 27
The much-awaited Trump’s tax plan was meager in detail and long on giveaways to the biggest corporations and billionaires…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/USD: bears made new local lows
Expanding bearish Ichimoku Cloud, falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the prices are near daily support.
EUR/USD: on support of Tenkan
Expanding bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a golden cross of Tenkan-sen and Kijun-sen, the horizontal Kijun-sen; the prices are under strong resistance on daily timeframe; the local market is overbought and waiting for correction to Kijun-sen.
EUR/USD: wave (iii) ended
There’s a pullback from 7/8 MM Level, so wave (iii) ended, so bears are going to deliver wave (iv).
AUD/CHF broke strong support zone
AUD/CHF broke strong support zone Next sell target - 0…
EUR/AUD broke resistance zone
EUR/AUD broke resistance zone Next buy target - 1…
USD/TRY: short-term and near-term outlook
The lira strengthened significantly following President Erdogan referendum victory held on April 16…
USD/JPY: "Window" acted as support
We still don’t any confirmed reversal pattern. Also, there’s a possible bullish “Three Methods”.
EUR/USD: "Tweezers" led to correction
We’ve got a bearish “Tweezers”, so bears are likely going to test nearest “Window”.
USD/JPY: Bank of Japan’s meeting preview
The Bank of Japan meets on Thursday to announce its monetary policy statement and to deliver its latest updated Outlook Report…
Timing of the next Fed rate hike
Investors are always concerned with the question of when the Fed will raise interest rates…
GBP/USD: resistance waiting for bulls
The last “Pennant” was broken, but bulls haven’t moved higher yet. So, the price is consolidating.
