Daily Market Analysis

We should keep an eye on the nearest significant support at 1.1505 as an intraday target...

A pullback from 1.3102 - 1.3143 could be a starting point for a decline towards the closest support...

USD/CAD is fighting for the initiative near the correction high of the “Shark” pattern.

On the daily chart, XAU/USD bulls are still hoping to form a “Crab” with a 161.8% target. To begin with, they need to conquer 1209 (23.8% of the bearish wave).

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 dead cross of Tenkan-sen and Kijun-sen with horizontal lines and narrow channel of Tenkan-Kijun.

We could have a local correction in the short term. So, if a pullback from the 34 Moving Average happens little later on...

The pair is likely going to test the nearest resistance at 1.3027 once again. A pullback from this level could be a departure point for...

On the daily chart, AUD/USD reached an important support at 78.6% of the long-term wave and 200% target of AB=CD.

The oil market suffers from the high volatility that makes trading exciting.

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.