Daily Market Analysis

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

On the daily chart, GBP/USD keeps forming a “Shark” pattern. The pair got close to its 113% target near 1.2855.

USD/CHF is forming a “Triangle”. A break of its upper border near 1.0070 will open the way to the target of “Wolfe waves” pattern for buyers.

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

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

On the daily chart of USD/CAD, bears launched an attack thanks to the formation of “Three Indians” and 1-2-3.

On the daily chart, XAU/USD is correcting to the long-term uptrend. Bears are trying to form a “Shark” pattern with a target at 113% located at 1183.

Bearish Ichimoku Cloud with rising Senkou Span B; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

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

The US dollar index has been climbing to the psychological level at $95.50.

On the daily chart, AUD/USD keeps consolidating in the 0.7305-0.7485 range. A break of its lower border will increase the odds of the decline to 200% target of AB=CD.

NZD/USD is ready to trigger a “Broadening wedge”. For that, bears need to pull it below support at 0.6715 where the lower border of the “Spike and ledge” pattern lies.