Daily Market Analysis

Recommendation: BUY 1…

Recommendation: BUY 1332 SL 1317 TP1 1362 TP2 1385 TP3 1400 On the daily chart of XAU/USD, bulls are trying to keep the pair inside the uptrend channel and don’t lose hope for reaching 127…

Narrowing bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the market is supported by Kijun-sen and the prices rising to Senkou Span B.

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are above the support of Senkou Span B.

EUR/CAD reversed from key support level 1…

AUD/CAD reversed from powerful support level 1…

The pair is consolidating the price action around the 200 SMA at H1 chart across the board and it’s facing a strong demand zone that could help to push it higher towards new highs…

The double bottom that has been formed in the Bitcoin H1 chart is still intact and is helping to supply enough demand to see a bullish continuation in the short term…

The pair is likely going to test the next resistance area in the short term...

The market is likely going to test the nearest support area, which could be a departure point for an upward price movement...

The price is testing Moving Averages. The main intraday target is the nearest resistance at 1.3915. If a pullback from this level happens...

The market is likely going to test the next resistance at 1.2384 - 1.2445. If a pullback from this area happens little later on...