On the daily chart of USD/CHF, the fast attack let bulls implement the 88.6% target of the “Shark” pattern.
Daily Market Analysis
On the daily chart of GBP/USD, bears couldn’t pull the pair out of the upward channel and break below 1.3065.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
Bearish Ichimoku Cloud but rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising lines.
The monthly GDP growth figures will be released in the UK at 11:30 MT time on October 10.
On the daily chart of XAU/USD, 1,180-1,215 consolidation keeps going.
On the daily chart of USD/CAD, bulls continue implementing the “Wolfe waves” pattern and are going to implement the “Shark” patterns.
The pairis likely going to test the nearest resistance at 1.3137 - 1.3162. A pullback from this area could be a starting point for...
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen.
The following pullback from the 34 MA will lead to a decline towards another support at 1.1400...
The first round of a vote at the most unpredictable elections in Brazil took place on October 7. How did it affect the BRL? Find out from the article.