USD/JPY: bullish correction on the way
The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: "Shooting Star" pushing price lower
We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support.
AUD/USD: outlook for April 24-28
Aussie slumped to 0…
US dollar: outlook for April 24-28
The US dollar continued its decline during the past week…
GBP/USD: outlook for April 24-28
The pound strengthened to its highest this year after UK Prime Minister Theresa May called for a snap election on June 8, seeking a personal mandate and parliamentary support to take her through tough Brexit talks…
USD/JPY: outlook for April 24-28
USD/JPY has managed to stay above the 55-week MA at 108…
EUR/USD: outlook for April 24-28
EUR/USD was unable to rise above 1…
EUR/USD: wave (ii) ended
The price has come back under 4/8 MM Level, so wave (ii) was likely ended.
GBP/USD: bearish correction on the way
The price is consolidating between the levels 1.2865 – 1.2774. The 34 Moving Average is going to act as a support.
EUR/USD: "Double Top" stopped bulls
There’s a “Double Top”, which has been confirmed. Therefore, the market is going to reach a support at 1.0698 – 1.0688.
GBP/USD: pound drew the inner bar
On the GBP/USD daily chart, there is a consolidation after a sudden rebound…
NZD/USD: bulls were spooked by their own audacity
On the NZD/USD daily chart, the bulls managed to kick the quotes out of the downward trading channel…
