Daily Market Analysis

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

On the daily chart, USD/CAD formed a “Broadening wedge”. A break of the upper border of the downtrend channel will increase the odds of a “Shark” pattern with targets at 88.6% and 113%.

On the daily chart, EUR/USD bulls are trying to keep the pair above 1.1445 (50% of the long-term bullish wave).

We're likely going to have a local upward correction soon. Even so, we should keep on track the next support...

On the daily chart of GBP/USD the price broke through the lower limit of the downward channel.

The market is likely going to test the nearest resistance at 1.3004 - 1.3025 within the next few hours...

On the daily chart, USD/JPY keeps forming 161.8% target of AB=CD. As long as the pair is above 113.35 (61.8% of the descending wave), bulls are in control.

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

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

The consumer inflation in Turkey increased to 24…

There's a bearish 'Evening Star', so the price is likely going to test the next support at 1.1433 within the next few hours...

The market is likely going to test the nearest resistance at 1.3032 - 1.3055 and the Moving Averages...