Trade scenarios for EUR/USD, AUD/USD and USD/CAD based on key option levels.
Daily Market Analysis
The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.
We’ve got a “V-Top”, so the price reached a support at 1.0797. Meanwhile, the market is likely going to continue falling down towards the next support at 1.0774.
On the AUD/USD daily chart, the bears failed to keep quotes below the important support at 0…
On the GBP/USD daily chart, the bulls failed to consolidate above the 1…
US dollar rose rejuvenated from its ashes to live another bullish cycle…
Bullish Ichimoku Cloud; Tenkan-sen and Kijun-sen on the correctional movement; the prices are entered into the Cloud.
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are near the support of the Cloud.
Wave 2 has been formed like a zigzag. -1/8 MM Level acted as a resistance, so the price is declining in wave (i).
NZD/CHF broke powerful support level 0…
USD/JPY broke support zone Next sell target - 109…
The Trump trade remains on the ropes after Donald Trump failed to repeal the affordable Care Act (dubbed Obamacare)…