Daily Market Analysis

Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen,  rising Tenkan-sen and Kijun-sen; the market made a new local highs, but there is a strong resistance on 0.7690-0.7700.

The US dollar shuddered to its lows as central bankers’ bias turned tighter…

A strong demand zone has been found between 81…

AUD/JPY reached buy target 85…

EUR/USD broke strong resistance level 1…

The upper "Window" is acting as resistance, so we've got a bearish "Doji" pattern, which has been confirmed.

Bulls went through the "Window". Finally, an "Evening Star" formed, so there's an opportunity to have a local bearish correction.

The price is still rising in wave C of (E). It seems like wave [v] of C is likely going to be continued. In this case, we should keep an eye on...

We've got a "Thorn" pattern, which pushed the price to support at 1.2793. Meanwhile, the pair is likely going to test support at 1.2757.

The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen,  rising Tenkan-sen; the bulls trying to breakout a strong resistance on 0.7610/30.

Narrow bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but horizontal Tenkan-sen and Kijun-sen; the market is breaking out through the SSB’s resistance and made a new H4-highs.