Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
Daily Market Analysis
On a daily chart of USD/CHF, there is a reversal as a part of a transformation of the “Shark” pattern into 5-0.
On a daily chart of GBP/USD bears managed to pull the pair to the lower border of the triangle.
The market is likely going to test the next support at 1.1287. At the same time, if a pullback from this level happens little later on...
The main intraday target is the next support at 1.2723 - 1.2695. The subsequent pullback from this area could lead to...
On a daily chart of USD/CAD, the targets of “Shark” (88.6%) and “Wolfe Waves” patterns were reached.
On a daily chart of XAU/USD, the upper border of the downward channel remains the resistance for the pair.
Irregular narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns.
Gold formed a candlestick with a longer upper shadow on D1. Daily Stochastic and MACD are going down.
The pair is likely going to test the 89 MA, which could act as resistance. If so, there'll be a moment to have a decline...