Daily Market Analysis

Narrow bullish Ichimoku Cloud with rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the prices supported by Senkou Span A and the market may go higher.

Bullish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the market is in the correction to the Cloud.

It has not been a big session if we refer to the price actions…

EUR/USD is currently performing a corrective move from last week’s highs, as part of the bullish bias developed after a strong rebound around the 200 SMA at H1 chart…

EUR/CAD broke support area Next sell target - 1…

CAD/CHF broke resistance zone Next buy target - 0…

The price fixated above the "Window", so there's a bullish "High Wave" pattern, which hasn't been confirmed yet.

There are two bearish "Three Methods" patterns in a row. In this case, the market is likely going to decline towards the lower "Window".

There's a bearish impulse, which could be wave (i), so bulls are likely going to deliver wave (ii) in the coming hours.

In this article we will tell about one of the most significant fundamental factors the traders sometimes overlook while analyzing the currency’s movement…

The price is consolidating between the 34 & 55 Moving Averages. So, bulls are likely going to reach the closest resistance.

The 55 Moving Average has been broken, so the price faced support at 1.1340. At the same time, there's a "V-Bottom".