Daily Market Analysis

Bulls faced resistance at 1.1679, which pushed the price lower. So, we should keep an eye on the closest support at 1.1654.

There is a strong bearish bias in the USD/CHF and it has been forming a channel since mid-July…

USD/JPY falling inside minor corrective wave 2 Next sell target - 110…

NZD/USD broke key resistance level 0…

The main wave count has been changed. It seems like there's a developing flat pattern in wave [B].

The upper "Window" acted as resistance, so there's a "Harami", which has been confirmed. In this case, the pair is likely going to...

We've got a bearish "Engulfing", so the market is going to test the nearest support. Anyway, bulls will probably try to deliver a new high.

The price faced support at 1.2926, so there's a "Thorn" pattern. In this case, the pair is likely going to reach the nearest resistance.

Bulls went through the upper side of the last "Pennant" pattern. It's likely that we're going to see the price even higher.

USD/JPY has been following a bearish channel since last week and it looks like that the path is driving towards the Fibonacci retracement zone of 50% and 65% at 111…

USD/CHF broke multi-month support level 0…

EUR/USD rising inside minor impulse wave 5 Next buy target - 1…