Daily Market Analysis

On the daily chart, USD/JPY is fighting for an important level of 111.65 (50% of the long-term descending wave).

On the daily chart, EUR/JPY pulled back after reaching 78.6% target of a Gartley pattern.

Bearish Ichimoku Cloud but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a weak golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

GBP/USD bulls are trying to lead the pair out of the descending channel, push it above resistance at 1.3215 and move higher towards the target of “Wolfe waves”.

On the daily chart, USD/CHF keeps consolidating in the 0.9855-0.9995 range within the previous uptrend channel.

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

Narrow bullish Ichimoku Cloud and falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen.

On the daily chart, USD/CAD keeps fighting for 1.3055. If bulls win, the pair will likely go towards the lower border of the uptrend channel.

On the daily chart, after XAU/USD had reached 88.6% target of the “Shark” pattern there was a natural pullback. Bears are counting on the decline to the 113% target.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal.

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal.