Daily Market Analysis

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.

Bearish Ichimoku Cloud, but horizontal lines Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with weak channel Tenkan-Kijun; the market is in consolidation on Tenkan-sen and Kijun-sen.

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

CHF/JPY broke resistance zone Next buy target - 112…

US Dollar has been trading in a corrective phase across the board and it seems we can expect further consolidation below the 50 SMA at H1 chart…

The Bitcoin again managed to consolidate the price action below the 200-hour moving average and the support offered by the Fibonacci level of 123…

The 55 Moving Average acted as resistance. Therefore, we're going to have a bearish correction towards the closest support...