Daily Market Analysis

On the daily chart of XAU/USD, the successful break of the resistance at 1,229 signal the further rise of the gold.

On the daily chart of USD/CAD, the targets of "Shark" (88.6%) and "Wolfe Waves" patterns were implemented.

There may be a harmonic pattern forming that can give the cryptocurrency a short-term bullish impulse.

The pair closed below the trendline support line on Monday. MACD is declining.

It's likely that the pair is going to test the nearest support at 1.1319 soon. If a pullback from this level forms next...

The subsequent pullback from 1.2852 - 1.2883 could be a starting point for a bearish correction towards the closest support...

While risk-sensitive currencies like AUD and NZD try to figure out whether to close gaps or not, the USD is strengthening versus gold.

On a daily chart of AUD/USD, the gap-up of the week occurred.

On the daily chart of NZD/USD,  the 113% target of the "Shark" pattern was reached.

The Japanese yen gained on Wednesday and Thursday against the US Dollar on the comments from the Federal Reserve Chairman Jerome Powell.

There's a 'Doji' on the Moving Averages. In this case, it's likely that the pair is going to achieve the closest resistance...

Let’s get into the fundamental factors which have an impact on the key currencies…