EUR/AUD broke resistance zone Next buy target - 1…
Daily Market Analysis
We still don’t any confirmed reversal pattern. Also, there’s a possible bullish “Three Methods”.
We’ve got a bearish “Tweezers”, so bears are likely going to test nearest “Window”.
The last “Pennant” was broken, but bulls haven’t moved higher yet. So, the price is consolidating.
Bulls have broken the “Wedge’s” upper side, but the price faced a resistance at 1.0951 afterwards.
There’s a possible double zigzag in wave (iii). It’s likely that wave [C] of y is going to end soon.
The 34 Moving Average has acted as a support, so the price is rising.
Monday’s “Window” are pushing the price even higher despite of the last “Belt Hold” pattern.
The market is likely going to test the next resistance at 1.2911 – 1.2945 during the day.
We’ve got a “Pennant” pattern, so the market is likely going to reach the next resistance at 1.0905 – 1.0918.
On the daily chart of gold, the bulls failed to settle down above the important resistance level of $1,287 per ounce…
AUD/NZD reversed from support zone Next buy target - 1…