Morning brief for May 19
Strong economic indicators from the US lifted the dollar overnight…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
USD/JPY: SSB is under attack
Neutral Ichimoku Cloud, Senkou Span A and B have a same value; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are on Senkou Span B.
AUD/USD: aussie bounced from SSB
Narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are under Tenkan-sen and Kijun-sen.
EUR/CAD reversed from key resistance level 1.5200
EUR/CAD reversed from key resistance level 1…
EUR/CHF broke the support level 1.0900
EUR/CHF broke the support level 1…
USD/JPY: bears still in the game
There isn't any reversal pattern so far, which means the nearest support level is likely going to be tested once again.
EUR/USD: "Evening Star" at the last high
There's an "Evening Star", so the lower "Window" is likely going to act as support.
EUR/USD: pullback from 7/8 MM Level
There's a pullback from 7/8 MM Level, so wave (c) of [y] may have been formed.
GBP/USD: bears going to test nearest support
There's a consolidation, which is taking place under resistance at 1.2988. The 34 Moving Average is acting as support.
EUR/USD: "Triple Top" stopped bulls
There's a "Triple Top" pattern, which has been confirmed, so the price is consolidating.
EUR/USD: euro broke the trend
On the EUR/USD daily chart, there is a change in the long-term downward trend…
