Daily Market Analysis

We've got a "Tweezers" and a "Hammer", which both have been confirmed enough. So, the market is likely going to...

The 55 Moving Average has acted as resistance, so we've got a bearish "High Wave" on this line.

There's a "Double Bottom", which pushed the price towards resistance at 1.2705. In this case, the market is likely...

The 89 Moving Average has acted as support, so we've got a bullish "V-Bottom". Therefore, the market is likely going to...

Loonie has been recovering from June 14th lows and it was done in a double cycle…

USD/CAD reversed from support zone Next buy target - 1…

CAD/CHF reversed from resistance zone Next sell target - 0…

As we can see on the one-hour chart, there's a possible wedge in wave (i). Wave iv is likely going to end soon.

We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to...

The price got support by the lower "Window", so we've got a bullish "Harami" pattern, which has been confirmed enough.

The last "Rising Wedge" has been broken. In this case, the pair is likely going to achieve the nearest support.

The price is consolidating along support at 1.1131. Also, there's a bearish "Flag", so the pair is likely...