On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed.
Daily Market Analysis
Bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.
The US dollar index managed to rebound from the psychological level at $93.50. Up to now, it is trading near $93.65.
On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel.
On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel.
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.
Narrowing bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
Recommendation: BUY 1…
Bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen.
The US dollar index continues its downward movement. It tested levels below $93.30. The next support lies at $93.