Daily Market Analysis

We’ve got a new gap. Also, there’s a “V-Bottom”, so bulls are likely going to achieve the nearest support near the local downtrend.

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

Bearish Ichimoku Cloud, but Senkou Span A is rising; cancelled dead cross of Tenkan-sen and Kijun-sen; the prices are under strong resistance of the Cloud.

Bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the support of 5W-levels near 0.7450.

We’ve got a zigzag in wave 2, so bears have delivered wave (i), so there’s an opportunity to have an impulse in wave (iii).

The 34 Moving Average is acting as a resistance. Also, we’ve got bullish “Doji”, which has been confirmed.

The 144 Moving Average has acted as a resistance, so we’ve got a “Three Methods” pattern.

AUD/CAD broke support zone Next sell target - 0…

GBP/CAD falling inside minor impulse wave 3 Next sell target - 1…

USD/CAD continues to trade mostly sideways in the broad consolidation range of 1…

The British pound slipped to 1…

With the deterioration of the situation in Syria, it is not a surprise that bullion caught an immediate safe have bid…