Daily Market Analysis

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.

3/8 MM Level has acted as a resistance, so the market is likely going to move down in wave (iii).

NZD/JPY falling inside minor impulse wave (iii) Next sell target - 75…

EUR/JPY broke support zone Next sell target - 116…

USD/JPY dropped to 110…

Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels.

On the USD/CHF daily chart, the realization of the Wolf Waves pattern continues An update of the April high will allow the bulls to count on the continuation of the rally and the implementation of the 1…

On the GBP/USD daily chart, there is a formation of the "Splash and ledge" pattern on the basis of 1-2-3…

As Steven Tyler’s (Aerosmith) “there’s something wrong with the world today; the light bulb’s getting dimmed; there’s meltdown in the sky” perfectly describes the political and economic environment in which traders have to operate nowadays…

The price is consolidating under the Moving Averages. Therefore, the pair is likely going to achieve a support at 1.2347 – 1.2334.