Daily Market Analysis

Narrow bullish Ichimoku Cloud; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the prices are under the strong resistance on daily timeframe.

Bullish Ichimoku Cloud, but falling Senkou Span A; a correctional dead cross of Tenkan-sen and Kijun-sen; the market is supported by the Cloud.

The price has been declining in wave [i] since a pullback from 3/8 MM Level was formed. The main bearish target is 0/8 MM Level.

US equities ended mostly higher yesterday in the post-holiday trade buoyed by gains in technology, healthcare in and financial shares…

The price is consolidating near the 89 Moving Average, so bulls are likely going to test the nearest resistance at 1.2964 - 1.2976.

The 34 MA has acted as support, so the price is consolidating. Also, there's a "V-Top" pattern, which has been confirmed.

On the USD/CHF daily chart, the formation of doji-bar with the long upper shadow tells us about the Bulls’ weakness…

On the EUR/USD daily chart, there is a correction towards the upward near-term trend…

The US dollar suffered losses overnight following a bit divided FOMC meeting minutes which disappointed investors expecting confirmation of Janet Yellen’s hawkishness…

EUR/GBP is very close to a strong buy zone that has been formed during recent days, as the pair is following a bullish bias…

GBP/USD falling inside intermediate impulse wave (3) Next sell target - 1…

USD/CHF reached sell target 0…