Daily Market Analysis

On H1, the inability of bulls to return EUR/USD inside the downtrend channel or break resistance at 1.1715, will increase the risks of getting to 161.8% target of the “Shark”.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is in correction to the Cloud.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market returned inside a Cloud, but may continue uptrend.

USD/CHF falling inside minor C-wave Next sell target - 0…

AUD/NZD broke daily up channel Next sell target 1…

There're two bullish 'Harami' patterns in a row, so the market is likely going to reach the nearest resistance...

We've got a 'Three Methods' pattern, so the market is likely going to test the 55 Moving Average...

The main intraday target is the nearest resistance at 1.3380 - 1.3419. A pullback from these levels could be a starting point for...

The main trend is still bearish, but there's a 'Double Bottom' pattern, which has been confirmed...

On the daily chart of USD/JPY, a “Shark” is transforming into 5-0. Pullbacks towards 23.6%, 38.2% and 50% of the wave CD are usually used for opening long positions.

This increases the risks of a pullback to the lower border of the 129.15-132.15 consolidation range. To continue moving down, bears have to renew May low.

We have been seeing a huge action in the price of the USD/TRY pair across the board, after the measures taken by the Turkish Central Bank and the government by itself…