Daily Market Analysis

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

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

The price is likely going to test the 34 Moving Average, which could be a starting point for a decline...

There's a 'Thorn' pattern, which has been confirmed. In this case, it's likely that the pair is going to test...

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen.

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

The main intraday target is the nearest support. A pullback from this level could be a starting point for another upward price movement...

The pair is likely going to test the nearest support at 1.1504, which could be a departure point for a decline towards the next resistance...

It seems like you just recently looked at the oil market and was sure about the further direction of prices but something has changed again.

On the daily chart of USD/CHF, there was a rebound to the  23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern.

On the daily chart of GBP/USD, bulls managed to hold the pair above the support at 1.3065 and above the upper boundary of the downward channel.

On the daily chart of USD/JPY, bears failed to break below the bottom line of the upward channel within the implementation of the “Three Indians” pattern.