Daily Market Analysis

We’ve got a pullback from the 89 MA. However, there’s a “Shooting Star”, but a confirmation of this pattern is a quite weak.

The decisive second round of French presidential election will take place on Sunday, May 7…

We’ve got a “Double Top”, which has been confirmed by the last “Pennant”. The 89 Moving Average is acting as a support.

The price is still consolidating near the upper side of the current “Wedge”. At the same time, there’s a possible “Triple Top”.

Expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen; the prices are on the new lows for the last four months.

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

AUD/CHF reversed from resistance zone Next sell target - 0…

AUD/CAD reached buy target 1…

The price is still moving up, so bulls are likely going to meet with the upper “Window” soon.

We’ve got bearish patterns such a “Tweezers”, a “Shooting Star” and a “Tower”.

An upward zigzag in wave y of (iii) has been ended, so the price found a lodgment under 7/8 MM Level.

Commerzbank Commerzbank’s analysts remain their neutrally positive technical outlook for GBP/USD in the short-term…