Daily Market Analysis

One of the most unpredictable and scandalous elections in the world of emerging markets will be held on the 7th of October in Brazil…

The market is likely going to achieve the next resistance at 1.3172 - 1.3212 within the next few hours...

Pullbacks towards 23.6%, 38.2%, and 50% of the wave 4-5 can be used for selling with 161.8% target of AB=CD.

On the daily chart, XAU/USD keeps consolidating in the 1188-1213 range.

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

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

There's a 'Double Bottom', which has been confirmed, so the price is likely going to test the nearest resistance...

On the daily chart, AUD/USD stayed above the support at 0.7105 (78.6% of the long-term rising wave).

On the daily chart, bulls managed to lead NZD/USD outside of the downtrend channel. They are ready to trigger the “Shark” with 88.6% and 113% targets.

Last week, USD/CAD held above the strong daily support level.

On the daily chart, we expect the price of gold to fluctuate sideways within the Symmetrical Triangle with resistance and support marked by the blue line.

The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...