Daily Market Analysis

The price is likely going to continue moving lower. At the same time, there's an opportunity to have an upward correction little later on...

Recommendation: SELL 0…

Recommendation: BUY 1…

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market keep staying on the Cloud’s support on daily timeframe.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market made a new local lows, but there is a strong daily support near 1.2100.

EUR/JPY reversed from resistance zone Next sell target - 132…

USD/CHF broke key resistance level 0…

EUR/GBP plummeted across the board during April 26th journey, as the sellers have been actively pushing the pair to the downside and below the 200 SMA at H1 chart…

The sellers are being held by the moving average of 200 and by the Fibonacci level of 50% in 8640…

We should keep on track the 55 Moving Average as an intraday bearish target...

We could have an upward correction in the short term. However, if a pullback from the nearest resistance happens next...

The market is likely going to test the closest support at 1.3873 - 1.3856. Meanwhile, if a pullback from this area happens little later on...