EUR/USD: "V-Top" at the local high
We've got a "V-Top" at the local high. If this pattern confirms, bears are likely going to test support at 1.1066.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/CAD: loonie got a free ride on Wolf wave
Recommendations: hold shorts (SELL 1,365 SL 1,3705 TP1 1,3525 TP2 1,337), BUY 1,3435 SL 1,338 TP 1,365…
Morning brief for May 17
US dollar weakness extended in the course of the Asian session with DXY dropping to 97…
EUR/NZD rising inside minor impulse wave 5
EUR/NZD rising inside minor impulse wave 5 Next buy target - 1…
EUR/GBP rising inside impulse waves 3 and (3)
EUR/GBP rising inside impulse waves 3 and (3) Next buy target - 0…
Canadian dollar near-term outlook
The Lonnie has strengthened against the USD on Monday as oil prices spiked to their highest level since late April after the large oil producers – Russia and Saudi Arabia – agreed to extend the supply cut deal for another nine months…
EUR/USD: bulls going to test 7/8 MM Level
There's a double zigzag in wave 2. It seems like a bullish impulse in wave (c) of [y] is going to end in the coming hours.
USD/JPY: last high going to be broken
The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance.
EUR/USD: "Window" going to act as resistance
We've got a bullish "Three Methods" pattern, so the price is likely going to test the upper "Window".
US dollar outlook from major banks
The US dollar was lower against most of its major peers since the very start of the week, pressured by a round of disappointing economic data and by gains made by commodity-sensitive currencies as crude oil futures spiked to its highest level since late…
USD/JPY: yen takes up the running
Recommendation: BUY 111,95 SL 111,4 TP 114…
USD/CHF: bulls need to arm themselves with patience
Recommendation: BUY 1,0085 SL 1,003 TP 1,02…
