Daily Market Analysis

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a new dead cross of Tenkan-sen and Kijun-sen; but the prices are on the strong support and a market is oversold.

Narrowing bullish Ichimoku Cloud, rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen; the prices entered into the cloudy area and may going lower to Senkou Span A.

GBP/USD broke support zone Next sell target - 1…

EUR/GBP reached buy target 0…

We've got a pullback from 8/8 MM Level, so wave iv ended on the one-hour chart.

The US dollar index recovered last week from 96…

There isn't any bullish pattern so far, which means all last candles are bearish.

There's a new "Window", which was formed this morning. Also, we've got a "Belt Hold" pattern.

We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705.

We've got a "Rising Wedge", so the price formed a pullback from the 55 Moving Average, which led to the current consolidation.

On the daily EUR/USD chart bears failed to break support at 1…

On the daily USD/CAD chart bulls and bears are fighting for an important area of 1…