Extremely narrowing bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; the market is under the Cloud, but it’s oversold right now – waiting for the correction.
Daily Market Analysis
Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen and Kijun-sen; the market had returned to negative area, but on the main daily support levels.
AUD/USD was smashed near the Fibonacci level of 61…
AUD/USD reversed from resistance zone Next sell target - 0…
NZD/CHF reversed from resistance area Next sell target - 0…
The market is likely going to test the upper 'Window', which could be a starting point for a bearish correction...
The market is likely going to continue declining. However, if any bullish pattern forms afterwards, there'll be an opportunity...
We should keep an eye on the nearest support area as the next bearish target...
If a pullback from the nearest support area happens little later on, there'll be an opportunity to have a bullish price movement...
Recommendation: BUY 0…
Recommendation: SELL 1…
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market had bounced from the 2Y-highs and going to correction.