Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

XAU/USD: bears are firm

Recommendation: SELL $1271 SL $1286 TP1 $1237 TP2 $1212 On the daily chart, bulls are clinging to an important level of $1281 an ounce…

GBP/USD: pound reached Senkou Span A

Bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are growing up to Senkou Span A, but there is a strong resistance.

EUR/USD: euro tested Tenkan’s resistance

Narrow bullish Ichimoku Cloud, but horizontal Senkou Span B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are returned to Tenkan’s resistance and may continue the downtrend.

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