Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.
Daily Market Analysis
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...
The subsequent pullback from 1.2882 could be a starting point for a decline towards the next support at 1.2784...
It looks like there’s a chance to slice some fruit from USD/JPY.
Have a look at the weekly chart of EUR/AUD. Last week the pair tested the 50-week MA at 1.5770 but failed to get above it.
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
On a daily chart of NZD/USD, the pair reached convergence zone between 0.6870-0.69 (the 161.8% and 113% targets on the “Crab” and “Shark” patterns).
On a daily chart of AUD/USD, there is a consolidation due to the transformation of the “Shark” pattern into 5-0.
There're bullish patterns such a 'Doji' and an 'Engulfing', so the market is likely going to test the lower 'Window'...