Daily Market Analysis

The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon.

If any bullish pattern arrives in the coming hours, the 34 Moving Average is going to be the main intraday target.

We’ve got a bearish “Three Methods” on the nearest “Window”. If this pattern confirms, this “Window” is likely going to be broken.

Today is the first Friday of the month and It means that we will receive the usual payrolls release from the US at 3:30 pm MT time…

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

On the daily chart of gold, there was a breakout of the important resistance at $1262 per ounce…

On the EUR/JPY daily chart, the "bears" have implemented the targets on the short positions and reached support at 117…

The 34 MA is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target.

We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed.

The yen, bonds, and gold favored havens in times of stress, strongly bid after big news of the US launching 59 missiles against Syria’s Shayrat air base in response to a deadly chemical attack in a rebel-held area on Tuesday…

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

Expanding bearish Ichimoku Cloud, rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices are on the support of 5W-levels.