Daily Market Analysis

 On a daily chart of USD/JPY, bears could not move the pair out of the upward channel and create a combination of “Three Indians” and 1-2-3 patterns. 

On a daily chart of EUR/JPY, there is a consolidation based on the implementation of the “Broadening Wedge” pattern.

It's likely that the pair is going to test the next support at 1.2728 - 1.2695. The subsequent pullback from this area could be...

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

Bullish Ichimoku Cloud, but falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

On the daily chart of GBP/USD, bears managed to pull the pair to the bottom line of the triangle.

On the daily chart of USD/CHF, the "Shark" pattern has been transforming to 5-0.

If a pullback from the nearest resistance at 1.1421 forms next, we should wave the 144 MA as a possible departure point for...

The price is going to reach the previously tested support at 1.2753 - 1.2728. If a pullback from this area happens next...

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

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

Last week was very promising for the gold bulls as the price managed to recover after the significant fall towards $1,200. What are the reasons behind this rise and where the gold is heading during this week?