Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/CHF: soon to complete a bearish sequence
USD/CHF: soon to complete a bearish sequence

USD/CHF has been following a bearish sequence during November and now it has been setting a correction that could gain momentum soon in order to resume the overall bias…

XAU/USD: gold is catching a bat
XAU/USD: gold is catching a bat

Recommendation: BUY $1305 SL $1290 TP1 $1322 TP2 $1350 On the daily chart, XAU/USD bulls managed to lead the pair out of the upper border of the consolidation range between $1266 and $1288 an ounce…

AUD/USD: aussie will continue downtrend
AUD/USD: aussie will continue downtrend

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices tested the Cloud’s upper border and can’t breakout it to positive area.

GBP/USD: pound may go higher
GBP/USD: pound may go higher

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the market corrected into the channel of Tenkan-Kijun and will supported by Kijun-sen.

EUR/USD:
EUR/USD: "Triple Top" pattern

The market is likely going to decline towards the nearest support at 1.1879 - 1.1859. If a pullback from these levels happens little later on...

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