Daily Market Analysis

The pair is likely going to test the 89 MA, which could act as resistance. If so, there'll be a moment to have a decline...

The subsequent pullback from 1.2882 could be a starting point for a decline towards the next support at 1.2784...

It looks like there’s a chance to slice some fruit from USD/JPY.

Have a look at the weekly chart of EUR/AUD. Last week the pair tested the 50-week MA at 1.5770 but failed to get above it.

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

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

On a daily chart of NZD/USD, the pair reached convergence zone between 0.6870-0.69 (the 161.8% and 113% targets on the “Crab” and “Shark” patterns).

On a daily chart of AUD/USD, there is a consolidation due to the transformation of the “Shark” pattern into 5-0.

There're bullish patterns such a 'Doji' and an 'Engulfing', so the market is likely going to test the lower 'Window'...

It's likely that the pair is going to test the nearest support at 1.2852 - 1.2826. The subsequent pullback from this area...

Europe keeps trying to get through Brexit and deal with Italy…

On a daily chart of EUR/GBP, bulls almost reached the target of the “Wolfe Waves” pattern.