Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CAD: loonie is rolling into the abyss
USD/CAD: loonie is rolling into the abyss

On the USD/CAD daily, taking advantage of the weakness of the bears, the bulls broke the upper border of the downward trading channel and restored the uptrend…

GBP/USD: pound in consolidation
GBP/USD: pound in consolidation

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of Tenkan-sen and Kijun-sen.

Gold came across the wedge
Gold came across the wedge

On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce…

AUD/USD: bulls showed their weakness
AUD/USD: bulls showed their weakness

On the AUD/USD daily chart, the bulls for the second time in the last couple of days tried to push quotes out of the downward trading channel…

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