Daily Market Analysis

The last "Double Top" pattern led to the current decline. The main intraday target is the nearest support at 1.1745 - 1.1719.

On the daily chart, bulls are trying to restore the short-term uptrend. They managed to defend their fortress near 1.2460. Now buyers are counting on growth towards 88.6% target of the inverted “Shark” pattern.

Recommendation: SELL $1267 SL 1282 TP1 $1237 TP2 $1222 TP3 $1212 On the daily chart, the inability of bulls to overcome resistance at $1299-1302 an ounce points at their weakness…

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are returned to Kijun-sen in a correctional movement.

Bearish Ichimoku Cloud wit falling Senkou Span A; a new weak dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are breakdown the Kijun’s support and going to bottom border of a Cloud.

USD/CHF remains above the Fibonacci retracement level of 78…

EUR/NZD falling inside the corrective wave (iv) Next sell target - 1…

NZD/JPY rising inside minor impulse wave 3 Next buy target - 81…

There's a pullback from 1/8 MM Level, so wave [ii] may have been formed. So, we're likely going to have another upward...

The 89 Moving Average is acting as support, so we've got a bullish "Hammer" on this line. Therefore, the pair...

The price reached the nearest support, so we could have a reversal bullish pattern soon. If so, the price is likely going to...

Recommendations: BUY 0…