Daily Market Analysis

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...

The price is rising. However, there's an opportunity to have a downward correction. In this case, if a pullback from the closest support...

The market is likely going to achieve the nearest resistance area. A pullback from it could be a departure point for a decline towards...

It's likely that the market is going to test the upper 'Window', which could be a starting point for another decline...

A successful test of the lower border of the 1.2730-1.2920 consolidation range with the following renewal of May high opens the way up to 127.2% target of AB=CD.