Daily Market Analysis

Narrowing bearish Ichimoku Cloud and horizontal Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen under the Cloud; the prices broke the Cloud’s resistance and entered into the positive area.

Expanding bullish Ichimoku Cloud, but Senkou Span A is horizontal; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen and Kijun-sen; the market is overbought, but prices are supported by Tenkan-sen.

AUD/JPY reversed from support zone Next buy target - 84…

NZD/CHF reversed from support zone Next buy target - 0…

We've got a bullish "High Wave", but the last bearish "Shooting Star" has been confirmed strongly.

The price reached the upper "Window", which acted as resistance, so we've got a bearish "Tweezers" pattern.

We've got a bullish "Triangle", so we should keep an eye on the next resistance at 1.2935 - 1.2952 as an intraday target.

There's a "Pennant" pattern, so bulls are likely going to test the closest resistance at 1.1287 - 1.1307 in the coming hours.

On the USD/CAD daily chart, the realization of the Wolfe Waves pattern continues…

Recommendation: BUY 0,744 SL 0,7385 TP 0,755…

The weekend terrorist attack in London was the main cause of price action in the early hours of the Asian session…

Expanding bearish Ichimoku Cloud, falling Senkou Span A; Tenkan-sen and Kijun-sen will make a new dead cross; the prices are bounced from Senkou Span A and made the new lows for last two weeks.