Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

USD/JPY: Dollar fell into negative zone
USD/JPY: Dollar fell into negative zone

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is on the strong support of the daily levels.

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

Bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are supported by Senkou Span A.

Gold is in trouble
Gold is in trouble

Recommendation: SELL $1236 SL $1246 TP1 $1224 TP2 $1210 On the daily chart, gold is testing the neckline of the “Head and Shoulders” pattern…

USD/JPY: Dollar tested SSB’s support
USD/JPY: Dollar tested SSB’s support

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction,  tested the strong support of Senkou Span B.

GBP/USD: pound supported by Kijun-sen
GBP/USD: pound supported by Kijun-sen

Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen.

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