Daily Market Analysis

The inability of bulls to get above resistance at 23.6% of the wave CD and return to the 1.3455-1.3615 consolidation range points at their weakness.

USD/CHF is consolidating in the 0.9825-0.9915 area. A break of its upper border will mean the triggering of the “Broadening wedge” pattern.

GBP/AUD reversed from support zone Next buy target - 1…

AUD/JPY reversed from resistance area Next sell target - 83…

The main intraday target is the closest support at 109.87. If we have a pullback from this level little later on...

The market is likely going to test the next resistance at 1.1862, which could be a starting point for a downward correction...

The market is likely going to reach the next resistance at 1.3471 - 1.3490 shortly. A pullback from this area could be...

It's likely that we're going to have a 'Triangle' soon. If so, we should keep an eye on the nearest resistance...

Recommendations: SELL 1282 SL 1297 TP1 1252 TP2 1244 TP3 1215 BUY 1308 SL 1293 TP1 1325 TP2 1335 TP2 1349 On the daily chart of XAU/USD, the 1282-1308 consolidation continues…

On the daily chart of USD/CAD, bears tried to return the pair to the triangle many times but failed.

Bullish, but narrow Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

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.