NZD/USD: the kiwi will rise
On a daily chart of NZD/USD, the pair reached convergence zone between 0.6870-0.69 (the 161.8% and 113% targets on the “Crab” and “Shark” patterns).
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
AUD/USD: bulls are gaining strength
On a daily chart of AUD/USD, there is a consolidation due to the transformation of the “Shark” pattern into 5-0.
EUR/GBP: the euro strengthens
On a daily chart of EUR/GBP, bulls almost reached the target of the “Wolfe Waves” pattern.
EUR/USD: will the EUR rise?
Recommendation: BUY 1.1470 SL 1.1415 TP1 1.1570 TP2 1.1660 TP3 1.1760
USD/JPY: the Bulls can’t maintain uptrend
Narrow bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
AUD/USD: aussie entered inside cloudy area
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
USD/JPY: sell the USD
On a daily chart of USD/JPY, bears could not move the pair out of the upward channel and create a combination of “Three Indians” and 1-2-3 patterns.
EUR/JPY: Uncertainties around the EUR
On a daily chart of EUR/JPY, there is a consolidation based on the implementation of the “Broadening Wedge” pattern.
GBP/USD: pound will continue downtrend
Bearish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen.
EUR/USD: euro on Cloud’s support
Bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
GBP/USD: GBP is weak again
On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.
USD/CHF: Swiss Franc is strong
On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.
