Daily Market Analysis

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

There's no any reversal pattern so far, which means the pair is likely going to reach the lower 'Window'. A pullback from this level could be...

There's a 'V-Bottom', so we're likely going to have an upward correction towards the nearest resistance at 1.2753 - 1.2784...

In the middle of August, the British pound got a boost to turn the downtrend.

On the daily chart of GBP/USD, the 88.6% target of the “Bat” pattern was reached. This situation increases risks of the rebound.

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns.

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

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

The market is likely going to reach the lower 'Window' in the short term. A pullback from this level could be a starting point for...

The price is likely going to test the next support area at 1.2753 - 1.2737. If a pullback from these levels happens next...

On the daily chart of USD/CAD, bears couldn’t keep the pair within the downward channel, it signals their weakness.

Recommendation: BUY 1222 SL 1207 TP1 1…