Daily Market Analysis

Wave (ii) is about to end. Therefore, if a pullback from 4/8 MM Level happens, there’ll be an opportunity to have an impulse in wave (iii).

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .

The lower “Window” is acting as a support, so there’s a developing “Three Methods” pattern.

The last wedge was broken, so there was a bullish rally. Finally, the price faced a resistance at 1.2911, so we’ve got a “V-Top” pattern.

The upper side of the last triangle has been broken, so the price reached a resistance at 1.0739.

GBP/CHF broke pivotal resistance level 1…

GBP/CAD rising inside intermediate impulse wave (3) Next buy targets - 0…

Wave (ii) has turned out to be deeper. However, the bearish wave count is still on the table.

The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.

The last bullish “Hammer” led to the current upward price movement.

There’s a “V-Top” pattern, which has been confirmed. Also, we’ve got a bearish “Flag”.

The price is still moving up and down in a range of the developing “Triangle” pattern.