Daily Market Analysis

The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...

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

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

On the daily chart of EUR/GBP, there is a test of the bottom line of the long-term consolidation of 0.87-0.902 within the "Spike and ledge" pattern.

On the daily chart of EUR/USD, bulls couldn't pull the pair out of the short-term consolidation of 1.13-1.15 and to targets of the "Wolfe waves",

On the daily chart of USD/JPY, bulls managed to stick above the important level of 113.27.

On the daily chart of EUR/JPY,  the "Broadening wedge" pattern is at its last stage of the formation.

We should watch the nearest support at 1.1383 as an intraday target. A pullback from this level could lead to...

It's likely that the pair is going to reach the closest resistance at 1.3181 within the next few hours...

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

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

The antipodean central banks are seemed to do pretty well with the weak currency. Aren’t they?