Daily Market Analysis

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

On the daily chart of GBP/USD, bears managed to fight off the bullish attack at resistance at 1.3455 and start their own advance. The pair triggered AB=CD pattern. Its 200% target is at 1.2870.

On the daily chart of USD/CHF, an advance to May high will trigger AB=CD pattern with a target at 224% and increase the odds of the pair getting to the target of “Wolfe waves” pattern.

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal.

Wednesday is full of speeches of central banks’ Heads.

On the daily chart, USD/CAD almost reached convergence area of 1.3275-1.33 (200% and 127.2% targets of junior and senior AB=CD).

Recommendations: SELL 1290 SL 1305 TP1 1272 TP2 1244 BUY 1300 SL 1285 TP1 1324 TP2 1333 TP3 1349 On the daily chart, XAU/USD formed a “Broadening wedge”…

Bullish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen with falling lines.

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.

On the daily chart of NZD/USD, bulls couldn’t break the resistance at 0.706 and pull the pair out the downward channel that signaled their weakness.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.