Daily Market Analysis

Bears faced support at 1.1425, so there's an opportunity to have an upward correction. The main intraday target is the nearest resistance...

On the daily chart, EUR/GBP tested the upper border of the 0.8700-0.9020 range. It was formed in line with the “Spike and ledge”.

On the daily chart, bears managed to lead EUR/USD to the lower border of the 1.1510-1.1780 range.

The strong rise of the USD caused by the tight monetary policy of the Fed made emerging market currencies depreciate.

The pair is likely going to reach the 21 & 34 Moving Averages shortly. These lines could be a departure point for another decline...

We could have just an intraday downward correction within the next few hours. A pullback from the nearest support...

The pair is going to test the closest resistance at 1.2877 - 1.2904 shortly. If a pullback from these levels forms little later on...

It's likely that the pair is going to reach the nearest resistance at 1.1627. A pullback from this level could be a departure point for...

On the daily chart, bears managed to seize the initiative and return USD/JPY to the long-term downtrend channel.

On the daily chart of EUR/JPY, bears pulled the pair below an important support at 128.85 (38.2% of the long-term rising wave) and are trying to return it to the descending channel.

Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling lines

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