Daily Market Analysis

Bullish Ichimoku Cloud, but Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are under strong resistance on daily timeframe; the local market is overbought.

AUD/NZD reversed from support zone Next buy target - 1…

EUR/NZD rising inside intermediate impulse wave (3) Next buy target - 1…

Wave 2 has been continued, so there’s a new local high. Previously, we’ve got a wedge pattern in wave 1.

A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average.

There’s a new “Window”, but we’ve got a bearish “Belt Hold” at the local high.

Oil prices regained their footing on Monday following substantial losses they experienced last week as an OPEC-led committee pledged to back extension of the supply cut deal and as investors favored riskier assets after the first round of the election…

We’ve got a “Pennant”, so the market is likely going to achieve the closest resistance at 1.2911 – 1.2945 in the short term.

The last downward “Pennant” has been broken, wo we’ve got a “Breakaway Gap”.

On the USD/CHF daily chart, the "bears" failed to settle down below the important support at 0…

On the USD/JPY daily chart, the bulls with the help of a gap reached the resistance at 110…

The biggest winners from the French elections were probably the pollsters who managed to forecast the outcome of the runoff…