Daily Market Analysis

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen; a market testing the Cloud’s support.

CHF/JPY reversed from support area Next buy target - 112…

USD/JPY reversed from support zone Next buy target - 111…

The US dollar index managed to rebound from the psychological level at $93.50. Up to now, it is trading near $93.65.

If a pullback from the next resistance forms afterwards, there'll be a moment for another decline towards the closest support at 109.63...

We've got a 'Shooting Star', so the market is likely going to test the Moving Averages soon...

There's a 'V-Top' pattern, so the market is likely going to test the closest support at 1.3344 - 1.3380...

The pair is likely going to test the Moving Averages shortly. Meanwhile, if a pullback from these lines happens little later on...

On the daily chart of NZD/USD, bulls managed to pull the pair out of the downward channel.

On the daily chart of AUD/USD, bulls failed to return the pair to the long-term upward channel.

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

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