Daily Market Analysis

On the daily chart, NZD/USD keeps forming a “Head and Shoulders” and AB=CD with a target at 161.8%.

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

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

It's likely that the pair is going to test the Moving Averages in the short term. A pullback from these lines could be a departure point for...

If a pullback from the nearest support at 1.1603 happens next, the price is likely going to reach another resistance at 1.1747...

On the daily chart, the inability of bulls to lead EUR/GBP outside of the long-term trading range of 0.87-0.902 points at their weakness.

On the daily chart, EUR/USD is consolidating in the 1.1500-1.1850 range. A break of its upper border triggers AB=CD pattern with a target at 200% and will increase the risks of a “Shark” with a target

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

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

If a pullback from the Moving Averages happens little later on, the price is likely going to reach the next resistance at 112.00...

The market is likely going to test the nearest support at 1.1557 in the coming hours. A pullback from this level could be a starting point for...

The main intraday target is the next resistance at 1.3032 - 1.3047. If we have a pullback from this area, there'll be an opportunity to have...