Daily Market Analysis

The market is likely going to test the nearest resistance at 1.1521. A pullback from this level could be a starting point for a decline...

As you may probably know, the level of non-farm employment change or non-farm payrolls (NFP) will be released today at 15:30 MT time.

The main intraday target for GBPUSD is the nearest resistance at 1.3102 - 1.3137. A pullback from this area could be...

Bearish Ichimoku Cloud but rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

Expanding bearish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

On the daily chart, USD/CAD formed a “Broadening wedge”. A break of the upper border of the downtrend channel will increase the odds of a “Shark” pattern with targets at 88.6% and 113%.

On the daily chart, EUR/USD bulls are trying to keep the pair above 1.1445 (50% of the long-term bullish wave).

We're likely going to have a local upward correction soon. Even so, we should keep on track the next support...

On the daily chart of GBP/USD the price broke through the lower limit of the downward channel.

The market is likely going to test the nearest resistance at 1.3004 - 1.3025 within the next few hours...

On the daily chart, USD/JPY keeps forming 161.8% target of AB=CD. As long as the pair is above 113.35 (61.8% of the descending wave), bulls are in control.

Expanding bullish Ichimoku Cloud but horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.