EUR/USD: euro in consolidation
Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: euro is on the edge
On H1, EUR/USD is near the convergence area (88.6% target of a “Shark”). This increases the risks of a pullback towards 23.6%, 38.2% и 50% of the wave CD. Use the correction for selling.
USD/JPY: dollar looks strong
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines.
AUD/USD: aussie returned to May’s lows
Bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen and Kijun-sen.
Trading forecast for June 15
Wednesday and Thursday were important days for the greenback and the single currency because of Central Bank’s meetings.
USD/JPY: yen is taking the lead
On the daily chart of USD/JPY, bulls made an attempt to bring the pair to May high in order to trigger AB=CD with a target at 200%.
EUR/JPY: euro wants freedom
Recommendation: BUY 130…
GBP/USD: pound testing Cloud’s resistance
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines
EUR/USD: euro supported by Cloud
Bullish Ichimoku Cloud, horizontal Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines
Trading forecast for June 14
The US dollar index can’t break the psychological level at $94…
GBP/USD: pound is afraid of a “Shark”
The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness.
USD/CHF: bulls are counterattacking
USD/CHF is consolidating in the 0.9825-0.9915 area. A break of its upper border will mean the triggering of the “Broadening wedge” pattern.
