GBP/USD: bulls going to climb even higher
The last “Pennant” pattern led to a new high. So, the market is likely going to test the nearest resistance at 1.2945 – 1.2995.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: bears going to test Moving Averages
There’s a possible “Triple Top” pattern, so the market is likely going to decline towards the nearest support at 1.0819 – 1.0729.
NZD/USD broke major support level 0.6900
NZD/USD broke major support level 0…
GBP/NZD rising inside sharp C-wave
GBP/NZD rising inside sharp C-wave Next buy target - 1…
USD/JPY: "Engulfing" pushing price towards "Window"
The lower “Window” has acted as a support, but the last bearish “Engulfing” pattern is still on the table.
EUR/USD: "Window" going to act as support again
The market is likely going to test the nearest “Window”, which could act as a support.
EUR/USD: wave (iv) started
Wave (iii) has been ended on 7/8 MM Level, so it’s time for correction.
EUR/JPY: bulls won the battle
On the EUR/JPYdaily chart, after reaching 161…
GBP/USD: "V-Top" pushing price lower
Considering the last “V-Top” pattern, the market is likely going to reach the nearest support at 1.2726.
EUR/USD: "Double Top" stopped bulls
Bulls faced a resistance at 1.0951, so we’ve got a “Double Top”, which pushed the price to the “Wedge” pattern.
EUR/USD: wave (iii) ended
There’s a pullback from 7/8 MM Level, so wave (iii) ended, so bears are going to deliver wave (iv).
AUD/CHF broke strong support zone
AUD/CHF broke strong support zone Next sell target - 0…
