Daily Market Analysis

USD/CHF reversed from support zone Next buy target - 1…

There's a correction, which is taking place around the "Window". Also, there's a bullish "Hammer", which has been confirmed.

The main trend is still bullish, cause we've got a pullback from the lower "Window".

There's a possible "V-Bottom" pattern, so the market is likely going to rise towards resistance at 1.3023.

Bulls are likely going to test the nearest resistance at 1.1025 in the short term.

Expanding bearish Ichimoku Cloud, falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the prices are entered into the channel Tenkan-Kijun and supported by Tenkan-sen.

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are on the support of Tenkan-sen and Kijun-sen.

During the past week, the US dollar index (DXY) has been fluctuating around the 98…

GBP/USD was fluctuating around 1…

EUR/USD rose to 6-month highs ahead of the final round of the French presidential election, which will take place on Sunday, May 7…

USD/JPY has managed to strengthen to 112…

Price has been rising since a pullback from 1/8 MM Level happens.