Daily Market Analysis

There’s a possible extension in wave (iii), so the market is likely going to decline in the short term.

The last bullish “Harami” doesn’t have a strong confirmation. In this case, the market is likely going to reach the closest resistance.

The nearest “Window” has acted as a resistance, so we’ve got a bearish “Shooting Star”.

The British pound is hovering around key resistance line at 1…

AUD/USD is trading sideways this week within the range between 0…

The last “Triangle” has been transformed into a downward “Wedge”. So, bulls are likely going to test a resistance at 1.2522 – 1.2557.

There’s a bullish “Pennant”, so the market is likely going to test the nearest resistance at 1.0594 – 1.0655 in the short term.

On the AUD/USD daily chart, an intermediate 113% target in the "Crab" pattern has been fulfilled…

On the USD/JPY daily chart, the quotes moved beyond the consolidation range of 110…

It seems that investors are still spooked by heightened geopolitical tensions as we see gold, Treasuries and yen looming large to King Kong sizes…

Bearish Ichimoku Cloud, falling Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen; the prices are made the new lows of the year.

Bearish Ichimoku Cloud with horizontal Tenkan-sen and Kijun-sen; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the strong support 0.7450.