Daily Market Analysis

If you trade a currency, you need to know the fundamental factors that lie behind its value…

The pair is likely going to achieve the closest support at 1.3089 - 1.3047 in the coming hours...

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen.

There's a 'High Wave' pattern, which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest resistance...

Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.

There's a 'Shooting Star', but confirmation of this pattern is weak. In this case, we should watch the nearest support at 1.1350 as...

The market is likely going to test the closest resistance at 1.3114 - 1.3146 in the coming hours. If a pullback from this area happens next...

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

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

On the daily chart of  USD/CAD, bulls and bears are fighting for the upper boundary of the downward channel.

On the daily chart of XAU/USD, a retest of the upper boundary of the previous consolidation of 1,185-1,215 supported bulls.

We should watch the nearest support at 1.1343 as an intraday target. A pullback from this level could be a departure point for another...