Gold is about to choose direction
On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY: dollar reached July’s highs
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
AUD/USD: aussie returned to Cloud’s support
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.
AUD/USD may rise to 0.74
On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).
NZD/USD can get even higher
On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.
EUR/USD can rebound after a pullback
On the daily chart, EUR/USD managed to rise above resistance at 1.1750 and lead the pair out of the medium-term consolidation range (1.15-1.1750).
GBP/USD: pound is overbought
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.
EUR/USD: euro is on July’s highs
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.
EUR/JPY: bulls are restoring the trend
Recommendation: BUY 131…
Bad days for USD/JPY
On the daily chart, bulls failed to push USD/JPY above an important resistance at 112.45 from the first attempt.
USD/JPY: dollar returned to Kijun-sen
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a newgolden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
AUD/USD: aussie in positive mood
Extremely narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
