Daily Market Analysis

On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one.

On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions.

BTC/USD rebounded from the 200-week MA at 3212.

With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.

Today the Bank of England will announce its statement at 15:00 MT time. Although it’s hard to imagine positive comments for the GBP, anything can happen.

EUR/USD is once again testing the October resistance line, upper daily Bollinger band, and the daily Ichimoku Cloud.

NZD/CHF closed below 200-day MA at 0.6735 thus confirming a top.

On the daily chart of GBP/USD, bulls try to push the pair back to the triangle's borders and the previous consolidation range between 1.27 and 1.33.

On the daily chart of USD/CHF, the transformation of the "Shark" pattern into the 5-0 one continues.

USD/JPY may have finally reached the time when it will test levels below the support line.

On the daily chart of USD/CAD, the implementation of the "Bat" and AB=CD patterns continues.

On the daily chart of XAU/USD, the rebound from the support at 1,239 helped to open long positions.