Daily Market Analysis

EUR/GBP has been trading within a bearish range below the 200 SMA at H1 chart…

NZD/JPY broke two resistance levels Next buy target - 80…

NZD/CHF broke pivotal resistance level 0…

There's a bearish 'Tower' pattern, so the market is likely going to test the closest support. Meanwhile, if a pullback from this area happens...

If a pullback from the Moving Averages happens, we're likely going to have another upward price movement...

Considering the last 'Pennant' pattern, the pair is likely going to test the next resistance area at 1.4217 - 1.4243...

Bulls are going to reach the nearest resistance at 1.2358 in the coming hours. If a pullback from this level forms little later on...

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel Tenkan-Kijun; the market is supported by Kijun-sen and may going to new highs.

USD/JPY has been riding a bullish sequence above the 200 SMA at H1 chart and the 50 SMA is helping to cap further gains across the board…

USD/CAD broke support zone Next sell target - 1…

AUD/CAD broke support zone Next sell target - 0…

If a pullback from the Moving Averages forms afterwards, bulls are likely going to test the upper 'Window'...