Daily Market Analysis

On the daily chart of AUD/USD, bulls have been trying to implement the “Shark” pattern and pull the pair to its 88.6% target.

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

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

After the rough February and March, S&P 500 had been enjoying the period of steady growth, until it was hit by a selloff in October…

The market is likely going to test the next support at 1.1301 shortly. A pullback from this level could be a starting point for...

On a daily chart of EUR/USD, the pair managed to break the support at 1.1430, which activated “Shark” and AB=CD patterns.

On the daily chart of EUR/GBP, bears couldn’t pull the pair below the bottom line of the long-term channel of 0.87-0.902, it signals their weakness.

The pair is going to test another support at 1.2784 - 1.2753. Meanwhile, if we have a pullback from this area little later on...

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

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

Since the beginning of 2018, the Australian dollar has depreciated by 6-8% against major counterparts.

The price is likely going to test the nearest resistance at 1.1437, which could be a departure point for a decline towards the next support...