EUR/USD: triangle stopped the euro
On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
GBP/USD: pound inside Cloud
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
EUR/USD: euro falling to negative zone
Narrowing bullish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
Trading plan for July 27
The US dollar index has managed to recover after a significant fall.
USD/JPY: the Dollar is under bears pressure
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
AUD/USD: the Bulls feel good
Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun.
USD/CHF: the franc dreams about the “wedge”
On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.
EUR/JPY: bulls are acting
On the daily chart of EUR/JPY, after the pair reached the 78.6% target of the “Gartley” pattern, it rebounded down.
GBP/USD: the pound is not afraid of waves
On the daily chart of GBP/USD, the pair keeps reaching targets of the “Wolfe waves” pattern.
GBP/USD: The Bulls attacking SSB’s resistance
Bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
EUR/USD: Cloud can’t support euro
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
Trading plan for July 25
It’s a forecast for July 25.
