Daily Market Analysis

DAX has been moving in a recovery phase since March and while gains are capped by the 200 SMA at H4 chart, the index scopes to consolidate above the Fibonacci level of 50% at 12659…

NZD/USD reversed from resistance zone Next sell target - 0…

EUR/AUD reversed from support area Next buy target - 1…

The market is likely going to test the upper 'Window' in the coming hours. If a pullback from this level forms little later on...

There's an opportunity to have a local upward correction. Even so, bears are likely going to test the lower 'Window' afterwards...

The pair is likely going to test the closest support at 1.4144 - 1.4119 in the coming hours...

It's likely that we're going to have a 'Rising Wedge' pattern on EURUSD. So, we should keep an eye on the 89 Moving Average...

EUR/GBP has been showing interesting patterns’ formations at the H1 chart, with a bullish divergence that appeared in the MACD and RSI indicators, which could be a sign of a strong bottom found around 0…

AUD/CAD reversed from support zone Next buy target - 0…

GBP/AUD reversed from resistance area Next sell target - 1…

We've got a bearish 'High Wave', which has been confirmed. In this case, the 89 Moving Average is likely going to act as support...

The pair is likely going to test the closest resistance. If a pullback from this area happens next, there'll be a moment to have a decline...