Daily Market Analysis

On the daily chart, after reaching 88.6% target of the “Shark”, it’s transforming into 5-0. A pullback from 23.6% of the wave CD allowed to form short positions.

On the daily chart, USD/CAD bulls are trying to lead the pair out of 1.272-1.3 range within “spike and ledge”.

On the daily chart of NZD/USD, there is a 0.6855-0.6975 consolidation within the long-term downtrend.

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

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen

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

Bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen, but the lines are horizontal

Recommendation: BUY 0…

On H1 of EUR/USD, bulls want to trigger “Wolfe waves” pattern with a target at the line 1-4. At the same time, if the pair doesn’t leave the downtrend channel, their plans will fail.  

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with the falling lines

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen

On the daily chart of USD/JPY, after the pair reached 113% target of the “Shark” there was a natural pullback.