USD/CAD: Canadian dollar is in charge
On the daily chart of USD/CAD, sellers attempted to trigger a “Bat” pattern with a target at 88.6%.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
XAU/USD: gold is attacking
XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.
USD/JPY: the Dollar supported by Cloud
Narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
AUD/USD: aussie can’t stay in positive area
Narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen under the Cloud.
AUD/USD is catching a butterfly
AUD/USD is fighting for an important level of 0.7320. It corresponds to the lower border of the previous consolidation range at 0.7320-0.7470.
NZD/USD is counting on AB=CD
NZD/USD failed at the first test of the lower border of the 0.6710-0.685 consolidating range and the upper border of the downtrend channel.
GBP/USD: pound keep staying inside Cloud
Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with narrow channel Tenkan-Kijun.
EUR/USD: euro under strong resistance
Narrow bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
EUR/GBP: will buyers get higher?
Recommendation: BUY 0…
EUR/USD: euro got the initiative
On the daily chart, EUR/USD bulls are ready to trigger “Shakeout-Fakeout” pattern.
USD/JPY: a shark in the waves
USD/JPY recovered from an important support level at 109.9 (38.2% of the long-term descending wave) and inspired bulls for counterattack.
EUR/JPY: bulls counterattacked
On the daily chart, EUR/JPY pulled back to 50% of the wave CD after reaching 88.6% target of the “Bat”.
