Daily Market Analysis

There are a "Harami" and a "High Wave" patterns, which both have been formed at the local high. Therefore, the 55 MA...

There are bullish patterns such an "Inverted Hammer" and an "Engulfing", which both have been confirmed enough...

There's a downward "Wedge", so the market is likely going to decline towards the nearest support at 1.3328 - 1.3278...

The price is consolidating between the levels 1.1714 - 1.1772. The 34 Moving Average is likely going to act as resistance...

USD/CAD broke combined resistance zone Next buy target - 1…

EUR/USD falling inside minor impulse wave (c) Next sell target -1…

NZD/JPY is challenging a demand zone between the 80…

It seems like wave 4 is taking the form of a zigzag, which is about to end. So, if a pullback from 0/8 MM Level happens...

We've got a bearish "Harami", which hasn't been confirmed yet. So, there's an opportunity to have a local correction during the day.

There's a bullish "Harami", but this pattern remains unconfirmed. Therefore, we could have just a local upward correction.

The local uptrend has been broken, so the pair is likely going to decline in the direction of the next support...

Bears went through support at 1.1772, so we should keep an eye on the next support at 1.1714 - 1.1688 as the next intraday target.