Daily Market Analysis

On a daily chart of USD/CHF, there is a reversal as a part of a transformation of the “Shark” pattern into 5-0.

On a daily chart of GBP/USD bears managed to pull the pair to the lower border of the triangle.

On a daily chart of USD/CAD, the targets of “Shark” (88.6%) and “Wolfe Waves” patterns were reached.

On a daily chart of XAU/USD, the upper border of the downward channel remains the resistance for the pair.

Irregular narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen with horizontal lines.

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns.

Gold formed a candlestick with a longer upper shadow on D1. Daily Stochastic and MACD are going down.

It looks like there’s a chance to slice some fruit from USD/JPY.

Have a look at the weekly chart of EUR/AUD. Last week the pair tested the 50-week MA at 1.5770 but failed to get above it.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

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