Daily Market Analysis

There's a consolidation, which is taking place on the four-hours chart. The 34 Moving Average is acting as resistance.

We've got a "Morning Star", which has been confirmed, so the price is moving up.

The price reached 8/8 MM Level, so wave (c) of [y] may have been ended, which means there's an opportunity to have bearish wave (i).

WTI and Brent futures climbed to their highest monthly levels as Saudi Arabia and non-OPEC member Russia rally support for a nine-month extension to the production cut deal signed by the majority of petroleum exporting nations…

We've got an upward consolidation, which is developing between the 34 Moving Average and resistance at 1.3023.

Bulls faced resistance at 1.1204. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249.

Recommendations: BUY 124,9 SL 124,35 TP1 126,2 TP2 128…

Recommendation: BUY 111,7 SL 111,15 TP 112,85…

GBP/USD was trading choppily in the Asian session…

Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but Tenkan-sen is horizontal; expecting a bouncing from the daily resistance near 1.2330/50.

USD/CAD slumped to 1…