Daily Market Analysis

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

Bullish Ichimoku Cloud but falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Kijun-sen.

USD/JPY entered a dead area. Bulls are trying to return the pair inside the previous trade channel and continue the advance towards the 200% target of AB=CD.

On the daily chart, EUR/GBP is retesting the upper border of the 0.87-0.89 consolidation range.

On the daily chart of EUR/USD, the first attempt of bulls to lead the pair out of the descending triangle and trade channel failed.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrowing channel Tenkan-Kijun.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.

The US dollar index has managed to recover after a significant fall.

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

Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun.

On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.

On the daily chart of EUR/JPY, after the pair reached the 78.6% target of the “Gartley” pattern, it rebounded down.