Daily Market Analysis

Narrow bullish Ichimoku Cloud and horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are under strong 3-week’s resistance.

Bullish Ichimoku Cloud, but the lines Senkou Span A and B are horizontal; a cancelled golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen and Kijun-sen.

The GBP/USD daily chart, the transformation of the Shark pattern into 5-0 continues…

Expanding bearish Ichimoku Cloud, falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices formed a new lows, but market is oversold and Dollar may go to Tenkan-sen.

Bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under the strong resistance of May; the market is overbought and expected a correctional movements.

On the EUR/USD daily chart, the quotes are moving towards the resistance at 1…

Narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices broke the Cloud’s resistance and entered into the positive area.

Expanding bullish Ichimoku Cloud, but Senkou Span A is horizontal; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen.

On the USD/CAD daily chart, the realization of the Wolfe Waves pattern continues…

Recommendation: BUY 0,744 SL 0,7385 TP 0,755…

Expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new dead cross; the prices are bounced from Senkou Span A and made the new lows for last two weeks.

Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the prices are returned to the Cloud and breakout Senkou Span B.