Daily Market Analysis

Bearish Ichimoku Cloud with falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with the falling lines; the market made a new lows of the year, but  there is a strong support on 0.7690.

It's likely to have a bullish correction in the short term. However, if we see a pullback from the nearest resistance...

We should keep an eye on the next support at 1.2129 - 1.2050 as an intraday target. If a pullback from this area happens little later on...

GBP/JPY broke key support level 147…

AUD/JPY reversed from resistance zone Next sell target - 82…

USD/JPY continues to trade in a bullish recovery since February 16th lows and it seems we could expect further gains across the board, as the price action remains above the 200 SMA at H1 chart…

Bitcoin had a bearish day during the session on February 28, although according to the H1 chart, we are ahead of a consolidation above the 200-hour moving average, since there was a bullish cross with the 50-hour moving average…

We've got an "Inverted Hammer" pattern. In this case, we're likely going to have a local upward correction soon...

However, we've got a bullish "High Wave" pattern, so there's an opportunity to have a local bearish correction in the short term...

Recommendation: SELL 1…

Recommendation: BUY 0…

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices going to the lows of the previous week.