Daily Market Analysis

In-depth technical & fundamental analysis for currencies & commodities

XAU/USD: gold is afraid of the wedge
XAU/USD: gold is afraid of the wedge

On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave).

GBP/USD: the Bulls are in game
GBP/USD: the Bulls are in game

Bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

EUR/USD: euro keep staying inside Cloud
EUR/USD: euro keep staying inside Cloud

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrow channel of Tenkan-Kijun.

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