Daily Market Analysis

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

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

Recent tensions between the US and Canada about the North American free trade agreement (NAFTA) renegotiations as well as Brexit uncertainties brought weakness to the Canadian and British currencies…

It's likely that the pair is going to test the next support at 1.3025 - 1.3004 in the coming hours...

On the daily chart, if EUR/GBP falls to September low and breaks below the middle of the 0.87-0.902 channel will trigger a “Shakeout-Fakeout” pattern.

On the daily chart, EUR/USD was forming a “Shakeout-Fakeout” pattern dueing the 2 consecutive months.

It's likely that the market is going to test the nearest support at 1.1662, which could be a starting point for another bullish rally...

On the daily chart for EUR/JPY the “Broadening wage” pattern was activated. The update of September maximum will allow bulls to continue moving towards target at 88.6% following the “Bat” pattern.

On the daily chart of USD/JPY, there is a battle between bulls and bears to reach an important level at 88.6% of XC wave of the “Shark” pattern.

The market is likely going to test the 89 MA in the coming hours. A pullback from this line could be a departure point for...

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

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