Daily Market Analysis

On the daily chart of XAU/USD, the correction to the downward middle-term trend continues.

On the daily chart of USD/CAD, the pair reached the 113% target of the "Shark" pattern.

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

On the daily chart of AUD/USD, bears managed to move the pair out of the upward channel.

Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

On the daily chart of EUR/GBP, the first target of the "Wolfe Waves" pattern was implemented.

On the daily chart of EUR/USD, there is a transformation of the "Shark" pattern into 5-0.

It looks like USD/TRY has some potential for trading and we can identify good levels with technical analysis.

As the market is waiting for the release of the American Nonfarm Payrolls (NFP), let’s pick a currency pair that will definitely show a big reaction to this event.

The price reached the target of the buy trade we recommended on Monday, and now it’s time to reevaluate the situation.

NZD/CAD approached the resistance line connecting 2017 and 2018 highs (0.9280) and 78.6% Fibo level (0.9260).

On the daily chart of USD/JPY, bears try to move the pair outside the triangle and lower border of the upward channel.