Daily Market Analysis

On the daily chart of USD/CAD, sellers attempted to trigger a “Bat” pattern with a target at 88.6%.

XAU/USD keeps trying to reach 161.8% and 200% targets of “Crab” and AB=CD. To enter a long position, use the “Three touches” strategy.

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

Narrow bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen under the Cloud.

CHF/JPY broke powerful resistance level 113…

 EUR/NZD rising inside minor impulse wave (iii) Next buy target - 1…

At the end of the previous week, gold rose the most in five months after the Fed’s chairman Mr. Powell gave a dovish speech at the Jackson Hole Symposium.

The main intraday target is the closest support at 110.82. A pullback from this level could be a departure point for another bullish rally...

The market is likely going to test the 55 Moving Average in the coming hours. A pullback from this line could lead to another decline...

The market is likely going to test the nearest support at 1.2811 - 1.2798 within the next few hours...

There's a 'V-Top', so we could have a correction soon. The main intraday target is the 89 Moving Average. If a pullback from this line...

AUD/USD is fighting for an important level of 0.7320. It corresponds to the lower border of the previous consolidation range at 0.7320-0.7470.