Daily Market Analysis

There's an opportunity to have a local bearish correction in the coming hours...

On the daily chart of EUR/GBP, bulls have finally managed to bring the pair out of the consolidation range between 0.87 and 0.8835.

On the daily chart of EUR/USD, bulls are for the second time trying to counterattack and trigger the reversal pattern a “Dragon”.

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

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

AUD/JPY reversed from support zone Next buy target - 82…

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

The price is going to test the nearest support at 109.89. If any bullish pattern forms next, there'll be a moment for another advance...

There's a bullish 'Hammer', so the market is likely going to test the 34 Moving Average (1.1636). A pullback from this level...

The pair faced with support at 1.3061, so it's likely to have a bullish correction in the direction of the nearest resistance...

There's a 'V-Bottom', so the price is going to test the closest resistance at 1.1572 - 1.1599. If a pullback from these levels forms...

On the daily chart of USD/JPY, the inability of bears to pull the pair below the uptrend channel points at their weakness.