Daily Market Analysis

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.

On the daily chart, EUR/JPY is consolidating in the 126.55-128.9 range within the “Spike and ledge” pattern. A break of its upper border will increase the odds of a “Shark” pattern.

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

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

USD/CAD reversed from support zone Next buy target  - 1…

USD/CHF reversed from support zone Next buy targets - 1…

The US dollar index managed to recover and reach the psychological level at $95.

We should keep an eye on the nearest resistance at 109.99 as a possible starting point for a decline towards...