Daily Market Analysis

There's a reversal "Doji" pattern, which hasn't been confirmed yet. Therefore, the market is likely going to test the 34 MA...

There's a confirmed "Double Top", so the price is consolidating. The main intraday target is the nearest support at 1.3444...

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

USD/CHF has been moving in a consolidative phase above the 200 SMA at H1 chart and still is looking forward to test new highs…

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

EUR/CAD rising inside intermediate impulse wave (3) Next buy target - 1…

The last bearish "Shooting Star" hasn't been confirmed yet. So, we could have a local decline in the short term...

We've got a "High Wave", which has been confirmed. In this case, we're likely going to have a local decline towards the 34 MA...

The 34 MA has acted as support, so there's a local bullish price movement, which could turn out to be a "Flag" pattern.

The 34 Moving Average has acted as support, so the price is rising. So, we should keep an eye on the next resistance...

3/8 MM Level has acted as support, so the price is rising. It seems like we're going to have an extension in wave [iii] of 5.

Bears in the EUR/GBP pair remain strong and the outlook remains bearish across the board…