EUR/USD: bulls going to test last high
The price is still consolidating under a resistance at 1.0951. Also, there’s a possible “Triple Top”.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/CHF: bulls are preparing for breakout
On the USD/CHF chart, there is a consolidation in the range of 0…
EUR/USD: euro is trading in consolidation range
On the EUR/USD daily chart, there is a consolidation in the range of 1…
Morning brief for May 2
A belated happy Labour day, dear traders! We bet you were trading with zeal and special ardor yesterday! Here are the latest news and market moves of today’s Asian session…
AUD/USD: bulls under pressure of Cloud
Narrowing bearish Ichimoku Cloud, falling Senkou Span A; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are under strong resistance of the Cloud.
EUR/USD: euro may go higher
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the prices are on support of Tenkan-sen and Kijun-sen.
AUD/NZD reached buy target 1.0850
AUD/NZD reached buy target 1…
EUR/AUD reversed from strong resistance level 1.4640
EUR/AUD reversed from strong resistance level 1…
EUR/USD: bears ready for wave (iv)
Wave (iii) has been ended on 7/8 MM Level, so there’s time for a correction.
USD/JPY: "Window" going to act as resistance
The last bullish “Harami” led to a new high. Therefore, the market is likely going to test the upper “Window” in the short term.
EUR/USD: "Shooting Star" launched correction
The price has tested the nearest resistance ones again. Also, we’ve got a “Shooting Star”.
GBP/USD: "Double Top" stopped bulls
Bulls faced a resistance at 1.2945, so we’ve got a “Double Top”, which has been confirmed by the last “Exhaustion Gap”.
