Daily Market Analysis

Recommendations: BUY 1…

Expanding bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market made new local lows, but it’s extremely oversold.

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the prices are on new local lows, but the market is ovesold.

Recommendation: SELL 1…

Recommendation: BUY 1302 SL 1287 TP1 1332 TP2 1352 TP3 1362 On the daily chart of XAU/USD, a break of the lower border of the downtrend channel will increase the risks of a “Broadening wedge” formation and trigger the “Shark” pattern…

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market got a strength, but near daily resistance.

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen

Recommendation: SELL 0…

On the daily chart of NZD/USD, the inability of bulls to keep the pair above the upper border of the 0.7185-0.735 consolidation range signaled their weakness and triggered the “Shakeout-Fakeout” pattern.

Extremely narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the market is under the Cloud, but it’s oversold right now – waiting for the correction.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the market had returned to negative area, but on the main daily support levels.

Recommendation: BUY 0…