Daily Market Analysis

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns.

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

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.

The market is likely going to reach the lower 'Window' in the short term. A pullback from this level could be a starting point for...

The price is likely going to test the next support area at 1.2753 - 1.2737. If a pullback from these levels happens next...

On the daily chart of USD/CAD, bears couldn’t keep the pair within the downward channel, it signals their weakness.

Recommendation: BUY 1222 SL 1207 TP1 1…

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen.

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

It is not a news the JPY is considered as a safe haven during the periods of uncertainty. However, the global economic outlook and the trade tensions between the US and China may affect the JPY strength.

The market is likely going to test the 34 Moving Average (1.1460), which could be a departure point for a decline...

The main target is the nearest resistance at 1.2870 - 1.2896. A pullback from this area could be a starting point for...