Narrow bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling Kijun-sen; the prices are on the strong support inside a Cloud.
Daily Market Analysis
AUD/JPY reversed from resistance zone Next sell target - 87…
NZD/USD reversed from major support level 0…
EUR/USD remains strong in a bearish bias below the 200 SMA at H1 chart and it’s now looking to consolidate above the 50 SMA…
Wave 4 may have been formed like a zigzag, cause there's a pullback from 0/8 MM Level. Therefore, we're likely going to...
There are a "Harami" and a "High Wave" patterns, which both have been formed at the local high. Therefore, the 55 MA...
There are bullish patterns such an "Inverted Hammer" and an "Engulfing", which both have been confirmed enough...
There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278...
The price is consolidating between the levels 1.1714 - 1.1772. The 34 Moving Average is likely going to act as resistance...
Bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; but the market is overbought and the prices under the strong daily resistance.
Bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, falling lines; the market is oversold and the prices on the main daily support of the Cloud.
Recommendation: BUY 112…