Bearish Ichimoku Cloud with falling Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, but horizontal Tenkan-sen and Kijun-sen.
Daily Market Analysis
Wednesday and Thursday were important days for the greenback and the single currency because of Central Bank’s meetings.
On the daily chart of USD/JPY, bulls made an attempt to bring the pair to May high in order to trigger AB=CD with a target at 200%.
Recommendation: BUY 130…
Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines
Bullish Ichimoku Cloud, horizontal Senkou Span A; a weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines
The US dollar index can’t break the psychological level at $94…
The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness.
USD/CHF is consolidating in the 0.9825-0.9915 area. A break of its upper border will mean the triggering of the “Broadening wedge” pattern.
Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…
On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed.
Bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.