Morning brief for April 13
If I asked you who is the main stirrer-up of markets…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
NZD/CAD reached sell target 0.9220
NZD/CAD reached sell target 0…
AUD/CAD reached sell target 0.9980
AUD/CAD reached sell target 0…
EUR/USD: wave (iii) on the way
There’s a possible extension in wave (iii), so the market is likely going to decline in the short term.
USD/JPY: bullish "Harami"
The last bullish “Harami” doesn’t have a strong confirmation. In this case, the market is likely going to reach the closest resistance.
EUR/USD: "Window" acted as resistance
The nearest “Window” has acted as a resistance, so we’ve got a bearish “Shooting Star”.
GBP/USD: daily outlook
The British pound is hovering around key resistance line at 1…
AUD/USD: near-term and long-term forecasts from banks
AUD/USD is trading sideways this week within the range between 0…
GBP/USD: “Triangle” transformed into “Wedge”
The last “Triangle” has been transformed into a downward “Wedge”. So, bulls are likely going to test a resistance at 1.2522 – 1.2557.
EUR/USD: bullish "Pennant"
There’s a bullish “Pennant”, so the market is likely going to test the nearest resistance at 1.0594 – 1.0655 in the short term.
AUD/USD: bears are playing with Crab
On the AUD/USD daily chart, an intermediate 113% target in the "Crab" pattern has been fulfilled…
USD/JPY: bears sweep away all obstacles
On the USD/JPY daily chart, the quotes moved beyond the consolidation range of 110…
