Daily Market Analysis

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen; the market is overbought.

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of Tenkan-sen and Kijun-sen.

There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon.

The 34 Moving Average has acted as a support, so the price is rising.

Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern.

Bitcoin’s price spiked to $1,270 on Monday leaving it within $40 of its all-time high ($1,316) reached in early March on the speculation that the Securities and Exchange Commission might soon approve the first bitcoin exchange-traded fund…

Now, when political risks amid French presidential elections have faded, euro traders will focus on the Thursday’s European Central Bank monetary policy meeting and press conference…

The market is likely going to test the next resistance at 1.2911 – 1.2945 during the day.

We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918.

On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce…

On the AUD/USD daily chart, the bulls for the second time in the last couple of days tried to push quotes out of the downward trading channel…

Safe-haven assets, including the yen and gold, are still under pressure as investors whet their appetites for the riskier assets after centrist Macron qualified for the May 7 runoff alongside far-right nationalist Marine Le Pen…