Daily Market Analysis

On the daily chart, bears managed to stop USD/CHF at 0.9735 (38.2% of the medium-term rising wave) and return the pair inside the long-term downtrend.

On the daily chart, EUR/USD came close to an important resistance at 1.1710 (38.2% of the long-term rising wave).

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

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

The market is likely going to test the nearest resistance at 1.1645. A pullback from this level could be a starting point for a decline to...

A pullback from 1.3102 could be a starting point for a decline in the direction the nearest support at 1.3027 - 1.2982...

On the daily chart, if EUR/JPY breaks the diagonal resistance and exits the uptrend channel, it may form AB=CD and trigger a “Broadening wedge”.

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

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

The Australian currency keeps following the negative trend as a result of the market’s contagion by trade wars…

The last bearish 'Shooting Star' hasn't been confirmed enough. So, the market is likely going to test the nearest support at 1.1505...

We should keep an eye on the nearest resistance at 1.3081 - 1.3102 as the next bullish target...