USD/CHF: franc showed weakness
Recommendation: BUY 0…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/CAD: sellers lost the initiative
On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.
XAU/USD is going to the abyss
On the daily chart, bears managed to move XAU/USD to 113% target of the “Double top”.
AUD/USD fell from the ledge
Bears managed to pull AUD/USD below the lower consolidation range of 0.732-0.7470 (a ledge) within the “Spike and ledge” pattern.
NZD/USD: kiwi fell
NZD/USD retested the neckline of the “Head and shoulders” and then went below the lower border of the 0.6710-0.6850 consolidation range.
GBP/USD: pound on new lows from June 2017
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
EUR/USD: euro updated lows
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with fallings lines.
EUR/GBP: bulls want to get out
On the daily chart, EUR/GBP tested the upper border of the 0.8700-0.9020 range. It was formed in line with the “Spike and ledge”.
EUR/USD is losing ground
On the daily chart, bears managed to lead EUR/USD to the lower border of the 1.1510-1.1780 range.
USD/JPY: bears are attacking
On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.
EUR/JPY: yen is hunting a “Bat”
On the daily chart of EUR/JPY, bears pulled the pair below an important support at 128.85 (38.2% of the long-term rising wave) and are trying to return it to the descending channel.
USD/JPY: the Bears continue sells
Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines
