Daily Market Analysis

The political turmoil that gripped White House this week resulted in the weakening of the USD against its major counterparts, such as the British pound…

The 55 Moving Average has acted as support, so there's a "V-Bottom" pattern, which pushed the price a little bit higher.

The price faced support at 1.1066, so we've got a "V-Bottom" pattern, so the market is likely going to continue moving up.

Recommendations: SELL 1,297 SL 1,3025 TP1 1,286 TP2 1,278, SELL 1,299 SL 1,3035 TP1 1,286 TP2 1,278…

Recommendation: BUY $1265 SL $1245 TP $1320…

Strong economic indicators from the US lifted the dollar overnight…

Neutral Ichimoku Cloud, Senkou Span A and B have a same value; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are on Senkou Span B.

Narrowing bearish Ichimoku Cloud, rising Senkou Span A and horizontal Senkou Span B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are under Tenkan-sen and Kijun-sen.

EUR/CAD reversed from key resistance level 1…

EUR/CHF broke the support level 1…

There isn't any reversal pattern so far, which means the nearest support level is likely going to be tested once again.

There's an "Evening Star", so the lower "Window" is likely going to act as support.