A pullback from 1.3102 - 1.3143 could be a starting point for a decline towards the closest support...
Daily Market Analysis
USD/CAD is fighting for the initiative near the correction high of the “Shark” pattern.
On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave).
Bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen but the lines are horizontal.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrow channel of Tenkan-Kijun.
We could have a local correction in the short term. So, if a pullback from the 34 Moving Average happens little later on...
The pair is likely going to test the nearest resistance at 1.3027 once again. A pullback from this level could be a departure point for...
On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD.
The oil market suffers from the high volatility that makes trading exciting.
On the daily chart, NZD/USD keeps forming a “Head and Shoulders” and AB=CD with a target at 161.8%.
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen.
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but narrow channel of Tenkan-Kijun.