Daily Market Analysis

EUR/JPY broke support zone Next sell target - 128…

GBP/JPY broke key support level 147…

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…

The bleeding of Bitcoin across the board is still latent and we have seen a break of the support level of 7587…

Turkish lira made a spectacular decline during the recent trading days…

There's no any reversal pattern so far, which means the price is going to continue falling down towards the closest support area...

The market is likely going to continue declining in the direction of the next support area in the coming hours...

We should keep an eye on the nearest support at 1.3300 - 1.3266 as the next bearish target...

There's a new local low because of the last 'V-Top'. So, it's likely that the market is going to test the nearest support...

On the daily chart, GBP/USD keeps correcting to the long-term uptrend. Bulls tried to return the pair inside the previous consolidation range of 1.3455-1.3615.

USD/CHF is correcting to the long-term bullish trend. To break the trend, the pair has to get out of the uptrend channel and form a “Spike and reversal with acceleration”.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market tested Kijuns’s resistance and returned to Monday’s lows.