Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

EUR/USD: euro is oversold
EUR/USD: euro is oversold

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the prices are on new local lows, but the market is ovesold.

GBP/CHF tested a key demand area
GBP/CHF tested a key demand area

GBP/CHF is looking to resume the bullish bias across the board, following a fall held since April 18, where a resistance area has been established around 1…

EUR/USD: local 'V-Bottom' pattern
EUR/USD: local 'V-Bottom' pattern

The pair is likely going to reach the closest resistance at 1.2233 - 1.2254. However, if a pullback from this area happens little later on...

XAU/USD: gold made a trap from wedges
XAU/USD: gold made a trap from wedges

Recommendation: BUY 1302 SL 1287 TP1 1332 TP2 1352 TP3 1362 On the daily chart of XAU/USD, a break of the lower border of the downtrend channel will increase the risks of a “Broadening wedge” formation and trigger the “Shark” pattern…

USD/JPY: the Dollar going higher
USD/JPY: the Dollar going higher

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market got a strength, but near daily resistance.

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