Daily Market Analysis

NZD/USD has been trading in a strong bearish tone across the board, with the 50 SMA at H1 chart helping to cap gains in the short-term…

The bulls have resumed the reins of Bitcoin during the day of Thursday and we are currently seeing a consolidation above the 200-hour moving average, where a bullish crossover is currently taking place…

GBP/JPY falling inside minor impulse wave 3 Next sell target - 145…

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

There's a 'Shooting Star' pattern. In this case, the pair is likely going to test the 34 Moving Average, which could be a departure point for...

After a short break, the market is likely going to achieve the lower 'Window', which could be a starting point for a bullish correction...

The market is likely going to test the closest trendline. If a pullback from this level forms little later on, bears will probably try to deliver...

We should keep an eye on the nearest support at 1.1941 - 1.1914 as an intraday target...

Recommendations: SELL 108…

Recommendations: BUY 131…

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market tested the daily resistance on 110.00, but still highly overbought.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, expanding channel Tenkan-Kijun; the market made a lows and corrected to Kijun-sen.