Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: bulls took a break
EUR/USD: bulls took a break

On the EUR/USD daily chart, there was a rebound of quotes from the lower boundary of the medium-term rising channel with the subsequent breakout of the upper boundary of the short-term downward channel…

GBP/USD: pound on new highs
GBP/USD: pound on new highs

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the local support; but the market is overbought.

EUR/USD: wave (ii) is about to end
EUR/USD: wave (ii) is about to end

Wave (ii) is about to end. Therefore, if a pullback from 4/8 MM Level happens, there’ll be an opportunity to have an impulse in wave (iii).

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