Daily Market Analysis

The last "Shooting Star" pattern has been confirmed, so the pair is likely going to test the 34 Moving Average.

We've got a pullback from 7/8 MM Level on the one hour chart, so wave [v] of C may have been formed. The price is declining in wave (iii) of [i].

Bears faced support at 1.3006, so the price is consolidating. The market is likely going to decline towards the 34 & 55 MA.

The 34 MA has acted as support, so the price is consolidating. Meanwhile, the pair is likely going to test the closest resistance.

GBP/USD is looking for a very interesting Fibonacci area where buyers could appear…

GBP/AUD broke support area Next sell target - 1…

AUD/USD reached buy target 0…

There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance.

There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level.

It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave [i].

There's a "Double Top", which has been confirmed. Therefore, the pair is likely going to test the support at 1.2982 in the short term.

Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to...