Daily Market Analysis

USD/JPY has been reading a bearish sequence across the board and currently, a sideways range has appeared in the scene, helping to cap further advances in the pair above the resistance level of 109…

EUR/JPY rising inside minor impulse wave 5 Next buy target - 131…

CHF/JPY reversed from combined support zone Next buy target - 115…

USD/JPY consolidated within the downtrend channel drawn from July highs…

GBP/USD made another break to the downside…

EUR/USD kept trading near the benchmark line of 200-week MA (1…

During the past week, the US dollar index (DXY) continued consolidation…

Bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.

Narrow bullish Ichimoku Cloud with rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen and rising Tenkan-sen and Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen; the bulls are ready to continue uptrend.

The 55 MA has acted as support, so we've got a bullish "Harami" on this line. However, there's also a "Shooting Star" pattern, so...

The last bearish "Harami" hasn't been confirmed enough. so it seems like we could have just a local decline. So, we should...

There's a possible double zigzag pattern in wave (b), so we've got a bearish impulse in wave i. Therefore, we're likely going to...