Daily Market Analysis

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

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We've got a bearish 'Engulfing', which hasn't been confirmed yet. So, the price is likely going to test the nearest resistance...

The main intraday target is the next resistance at 1.3297 - 1.3314. A pullback from this area could be a starting point for...

On the daily chart of EUR/USD, bears couldn’t pull the pair below the support at 1.1445 (50% of the upward long-term wave). As a result, bulls took the initiative.

On the daily chart of EUR/GBP, bears managed to pull the pair to targets of the “Shakeout-fakeout” pattern and push it further to the bottom line of the long-term consolidation within 0.87-0.902.

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

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

There's no any reversal pattern so far. In this case, the market is likely going to test the 144 Moving Average...

We're likely going to have a decline towards the nearest support at 1.3137. If a pullback from this level happens little later on...

On the daily chart of EUR/JPY, the correction to the 4-5 wave within the implementation of the “Broadening wedge” pattern keeps going.

On the daily chart of USD/JPY, the pair reached targets of the “Three Indians” pattern.