Daily Market Analysis

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

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen.

GBP/CHF reversed from support zone Next buy target - 1…

AUD/NZD reversed from resistance zone Next sell target - 1…

Friday is full of economic events.

If a pullback from the nearest resistance at 110.83 happens next, the price is likely going to reach the previously tested support...

The market is likely going to test the next resistance at 1.1747 in the coming hours...

It's likely that the pair is going to test the 89 Moving Average in the coming hours. This line could be a departure point for a decline...

The market is likely going to test the next resistance at 1.1720 - 1.1744, which could be a starting point for a decline towards...

On the daily chart of GBP/USD, bulls are trying to resume the uptrend with the help of the corrective “Three Indians” pattern.

USD/CHF keeps consolidating in the 0.9780-0.9995 range within the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of its getting to the 1.0195 target of “Wolfe waves” pattern.

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