USD/JPY: "High Wave" and "Hammer"
The upper "Window" has acted as resistance, so there's a bearish "Harami", which hasn't been confirmed yet. In this case, the price is likely going to...
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: bullish "Harami"
There're bullish patterns such a "Harami" and a "Tweezers", which both have been confirmed. Also, we don't have any reversal pattern.
When the euro will rise above 1.15 and higher?
The euro has climbed to 1…
USD/JPY: Dollar is in consolidation
Narrow bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are under the strong resistance on daily timeframe.
GBP/USD: pound tested Cloud’s support
Bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen; the market is supported by the Cloud.
EUR/USD: 4/8 MM Level acted as resistance twice
The price has been declining in wave [i] since a pullback from 3/8 MM Level was formed. The main bearish target is 0/8 MM Level.
The US stock market overview
US equities ended mostly higher yesterday in the post-holiday trade buoyed by gains in technology, healthcare in and financial shares…
GBP/USD: "V-Bottom" pattern
The price is consolidating near the 89 Moving Average, so bulls are likely going to test the nearest resistance at 1.2964 - 1.2976.
EUR/USD: consolidation between 34 & 55 MA
The 34 MA has acted as support, so the price is consolidating. Also, there's a "V-Top" pattern, which has been confirmed.
USD/CHF: franc stumbled across doji-bar
On the USD/CHF daily chart, the formation of doji-bar with the long upper shadow tells us about the Bulls’ weakness…
EUR/USD: there might be a rebound
On the EUR/USD daily chart, there is a correction towards the upward near-term trend…
Morning brief for July 6
The US dollar suffered losses overnight following a bit divided FOMC meeting minutes which disappointed investors expecting confirmation of Janet Yellen’s hawkishness…
