Daily Market Analysis

The main intraday target is the next resistance at 1.1710. A pullback from this level could be a departure point for...

On the daily chart, AUD/USD is forming 5-0 and AB=CD patterns. After reaching an interim target at 127.2% of the latter, there was a natural pullback. Bears keep hoping to reach 161.8% target.

On the daily chart of NZD/USD, a pin bar let bulls to counterattack. They are trying to form a double bottom and return the situation under control.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

NZD/USD reversed from support zone Next buy target - 0…

AUD/USD reversed from support area Next buy target - 0…

We had a 'Three Black Crows'. So, we should keep an eye on the closest resistance at 110.30 as a possible starting point for...

It's likely that the pair is going to reach the 55 Moving Average (1.1684), which could be a starting point for another decline...

On the daily chart, EUR/GBP has been stuck in the 0…

On the daily chart of EUR/USD, bulls are trying to form a double bottom with the help of a bar with the long lower shadow. Bears are still hoping to trigger AB=CD pattern with targets 127.2%, 161.8%, and 200%.

It's likely that the market is going to reach the next resistance at 1.3307 - 1.3341 in the coming hours...