Daily Market Analysis

Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards.

On the daily chart of gold after reaching the 127…

On the USD/CAD daily, taking advantage of the weakness of the bears, the bulls broke the upper border of the downward trading channel and restored the uptrend…

Growing appetite for risk meant safe-haven assets fell out of favor…

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen; the market is overbought.

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal; the prices are on the support of Tenkan-sen and Kijun-sen.

There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon.

The 34 Moving Average has acted as a support, so the price is rising.

Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern.

Now, when political risks amid French presidential elections have faded, euro traders will focus on the Thursday’s European Central Bank monetary policy meeting and press conference…

The market is likely going to test the next resistance at 1.2911 – 1.2945 during the day.

We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918.