Daily Market Analysis

The market is likely going to test the nearest support at 1.1599 in the coming hours...

It's likely that after a short break the pair is going to reach the next resistance at 1.3341 - 1.3353, which could be a departure point...

There's a 'V-Top', so the market is likely going to test the nearest support at 1.1675 in the coming hours. A pullback from this level...

On the daily chart, USD/CAD reached 127.2% and 200% targets of the senior and junior AB=CD. This increases the risks of a reversal.

On the daily chart, XAU/USD keeps forming patterns 5-0 and a “Widening wedge”. The pair is moving towards a convergence area of 1,244-1,250 (50% correction of the last long-term bullish wave)…

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

Bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines.

EUR/CAD broke resistance zone Next buy target - 1…

USD/JPY reversed from resistance area Next sell target - 109…

The US dollar index is trading near the psychological level at $94.

We should keep an eye on the nearest resistance at 109.66 as an intraday target for USDJPY...

It's likely that the price is going to test the nearest resistance at 1.1704, which could be a starting point for another decline...