Daily Market Analysis

Bulls are going to reach the nearest resistance at 1.2358 in the coming hours. If a pullback from this level forms little later on...

Recommendation: SELL 1…

Recommendation: BUY 1342 SL 1327 TP1 1372 TP2 1390 TP3 1400 On the daily chart of XAU/USD, a recoil from support at 1320 allowed bulls to counterattack…

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had entered into the cloudy area and may go up to Senkou Span B’s levels.

USD/JPY has been riding a bullish sequence above the 200 SMA at H1 chart and the 50 SMA is helping to cap further gains across the board…

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...