Daily Market Analysis

The last bearish "Shooting Star" led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet.

There are bullish patterns such an "Engulfing" and a "High Wave", but their confirmation is a quite weak. So, bears are likely going to...

Wave (iv) is probably taking the form of a flat pattern. The main intraday target is 6/8 MM Level. If we see a pullback from this level...

There's a consolidation, which is taking place near the 55 Moving Average. The main intraday target is resistance at 1.3057 - 1.3077.

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.