Daily Market Analysis

There's a 'V-Bottom', which has been confirmed. So, we should keep an eye on the next resistance at 1.3089 - 1.3103 as an intraday target...

Every trader knows that data in the economic calendar affect markets a lot.

Irregular bullish Ichimoku Cloud with falling Senkou Span B; a weak dead cross of Tenkan-sen and Kijun-sen.

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

On the daily chart of AUD/USD, the pair managed to leave the downward channel.

On the daily chart of NZD/USD, a break of the upper boundary of the downward channel increased the bulls’ strength.

It's likely that the price is going to test the 89 Moving Average (1.1480) within the next few hours...

We should watch the closest resistance at 1.3073 - 1.3089 as an intraday target. The following pullback from these levels could lead...

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

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

On the daily chart of EUR/USD, bears couldn’t break the support at 1.13, it signaled their weakness.

On the daily chart of EUR/GBP, bulls couldn’t break the resistance at 0.891.