Daily Market Analysis

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.

EUR/JPY has been taking a rest in the bullish bias started from the lows of March and the resistance level of 133…

EUR/AUD reversed from resistance area Next sell target - 1…

EUR/JPY reached sell target 132…

If a pullback from the 'Window' forms little later on, there'll be a green light for a downward correction...

There's a bullish 'Morning Star', but confirmation of this pattern isn't enough. So, after a short break, the market is likely going to...

We're likely going to have an upward correction because of the last 'Double Bottom' pattern...

The price is likely going to achieve another support at 1.1941 - 1.1914. If a pullback from these levels happens...

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for last three weeks.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the market made a new local lows coming near yearly minimum values.

The pair is looking to make a lower extension below the 200 SMA at H1 chart and now it’s challenging the lows from April 25th…