Morning brief for March 31
The euro suffered substantial losses overnight after we received softer than expected German and Spanish inflation releases…
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: bearish "Flag"
Bears reached a support at 1.0678, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.0655 – 1.0594 in the short term.
AUD/USD: aussie may going higher
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are trying to breakout an upper border of the Cloud.
EUR/USD: euro testing SSB’s support
Narrowing bullish Ichimoku Cloud, but rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud and on the support of SSB.
EUR/USD: time for wave (ii)
We’ve got wave v of (i), so there’s time for wave (ii). The main bullish target is 5/8 MM level, which could be a departure point for another bearish wave.
USD/JPY: new local high is coming soon
We’ve got a “Tweezers” and an “Engulfing”, which both have been confirmed.
EUR/CAD reversed from resistance zone
EUR/CAD reversed from resistance zone Next sell targets - 1…
EUR/AUD reversed from resistance zone
EUR/AUD reversed from resistance zone Next sell target - 1…
EUR/USD: bears going to push the market even lower
The price met with the nearest resistance and we don’t have any bullish pattern so far.
USD/TRY: near-term fundamentals and technical levels
USD/TRY currency pair is now available on the FBS trading platform and we are happy to provide you with the market analysis for your daily trades…
USD/CAD: loonie is on a holiday
On the USD / CAD daily chart, the bulls failed to test the resistance at 1…
GBP/USD: support waiting for bears
Bulls found a resistance at 1.2438, so the price is consolidating. In this case, the pair is likely going to test the nearest support.
