Daily Market Analysis

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

On a daily chart of AUD/USD, 88.6% and 113% targets of the “Shark” pattern were reached.

On a daily chart of NZD/USD, bulls could move the pair towards the convergence zone between 0.6855 and 0.67.

The price is likely going to test the nearest resistance at 1.2882 - 1.2921 within the next few hours...

We've got a 'Shooting Star', so we're likely going to have a decline shortly, which means we should watch the next support...

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

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

There's a 'V-Bottom', so we could have an upward correction. Even so, bears are likely going to test the next support...

On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern)

On the daily chart of EUR/USD, after the pair reached the 113% target of the "Shark" pattern, there is a transformation to the 5-0 pattern.

The beginning of the month was quite eventful for the Turkish lira. However, this week it started to lose its volatility. What is happening?

Not a single day can come and go without some Brexit news…