GBP/CAD reversed from resistance zone Next sell target - 1…
Daily Market Analysis
GBP/AUD falling inside minor impulse wave 1 Next sell target - 1…
We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.
The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".
There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...
There's a developing "Rising Wedge". The price is testing the lower side of this pattern.
There's a "Double Bottom", which has been confirmed. In this case, bulls are likely going to reach the closest resistance.
Bulls are trying to gain traction in the NZD/USD pair around 0…
USD/JPY reversed from support zone Next buy target - 112…
AUD/JPY reached buy target 84…
Wave 2 may have been formed, cause there's a pullback from 4/8 MM Level. Also, there's a bearish impulse in wave (i).
The last bullish "Engulfing" has been confirmed strongly, but we've got a bearish "Engulfing", which has a quite weak confirmation.