Daily Market Analysis

AUD/USD broke resistance zone Next buy target - 0…

A bullish impulse in wave [c] of 2 may have been formed. Also, there's a small bearish impulse in wave (i).

We've got a bullish "Engulfing", which has been confirmed. Also, there isn't any reversal pattern so far.

There's a "High Wave", which has been confirmed enough. Also, we've got an unconfirmed "Shooting Star".

There's a developing "Rising Wedge", so the price faced resistance on the 34 Moving Average.

Bears have broken the "Rising Wedge" and the last upward trendline. Also, there's a possible "Flag" pattern.

AUD/JPY reached buy target 84…

EUR/AUD falling inside the minor ABC correction 4 Next sell target - 1…

The price hasn't fixed above 4/8 MM Level, so wave [c] of 2 may have been ended. Therefore, there's developing wave (i).

We've got a bullish "Engulfing", so the market is likely going to test the nearest resistance.

There's a bullish "Harami", which hasn't been confirmed yet. Therefore, we could have a local correction.

The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern, which has confirmation.