Daily Market Analysis

There were no major changes during the weekend in the crypto space and in the case of Bitcoin, we could observe that the price action did not vary much since the 200-hour moving average served as a reference to guide the way in the short term…

USD/CAD broke support zone Next sell target - 1…

AUD/CAD broke support zone Next sell target - 0…

The oil market is unstable in the environment of trade wars, increasing US oil output, and other negative geopolitical factors…

If a pullback from the Moving Averages forms afterwards, bulls are likely going to test the upper 'Window'...

The market is likely going to continue moving up towards the nearest resistance in the short term...

There's a 'Double Bottom' pattern, which has been confirmed. Therefore, bulls are likely going to test the next resistance area...

It's likely that the market is going to test the nearest resistance at 1.2299 - 1.2314. If a pullback from this area happens...

Recommendations: BUY 0…

Recommendations: SELL 0…

Cancelled bearish Ichimoku Cloud with rising Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with rising lines; the market had returned to positive zone and may continue uptrend from the Senkou Span A’s levels.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices corrected to Kijun-sen after supporting by 1.2200 and downtrend may continue.