Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: bearish
USD/JPY: bearish "Three Methods"

We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market...

EUR/USD: bearish
EUR/USD: bearish "Flag" pattern

The price is consolidating between the levels 1.1909 - 1.1875. It's likely that bears are going to test the 55 Moving Average...

USD/JPY: dollar going to negative area
USD/JPY: dollar going to negative area

Narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen and the falling lines; Dollar is going to new lows and may breakdown the support of the Cloud.

EUR/USD: euro entered the Cloud
EUR/USD: euro entered the Cloud

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; an irregular golden cross of Tenkan-sen and Kijun-sen, narrow channel of Tenkan-Kijun; the prices are supported by Cloud.

XAU/USD has spread its wings
XAU/USD has spread its wings

Recommendation: BUY $1321 SL $1305 TP $1351 TP2 $1386 On the daily chart, XAU/USD keeps rallying towards 200% target of the AB=CD pattern…

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