Expanding bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the market is in correction phase and may testing Kijun’s support.
Daily Market Analysis
Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned into the cloudy area.
The pair remains strong in a bullish bias held since November 28th session and according to our projections, EUR/NZD is expected to find buyers at the current stage…
GBP/CHF reversed from powerful resistance level 1…
USD/CAD reversed from resistance zone Next sell target - 1…
There're bearish patterns like a "Doji" and a "Shooting Star". So, we're likely going to have a local bearish correction...
The main intraday target is the 89 Moving Average. If a pullback from this line happens...
If this pattern confirms, bears are likely going to reach the nearest support at 1.3513 - 1.3480...
The pair is likely going to achieve the closest resistance at 1.1975 - 1.2003 during the day...
Recommendation: BUY 0…
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; but the prices returned into the channel of Tenkan-Kijun.
Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with the horizontal lines; the prices are returned to the positive area and may continue uptrend.