Daily Market Analysis

On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns.

On the daily chart of EUR/GBP, bears couldn’t pull the pair below the bottom line of the long-term channel of 0.87-0.902, it signals their weakness.

The pair is going to test another support at 1.2784 - 1.2753. Meanwhile, if we have a pullback from this area little later on...

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

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

Since the beginning of 2018, the Australian dollar has depreciated by 6-8% against major counterparts.

The price is likely going to test the nearest resistance at 1.1437, which could be a departure point for a decline towards the next support...

The main intraday target is the next support at 1.2844 - 1.2828. A pullback from this area could be a starting point for...

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

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

On the daily chart of EUR/JPY, bears managed to pull the pair back to the medium term downward channel and implement the “Shark” pattern.

On the daily chart of USD/JPY, bears have been testing the bottom line of the upward channel.