USD/JPY: "Doji" pushing price higher
The 34 Moving Average is acting as a resistance. Also, we’ve got bullish “Doji”, which has been confirmed.
Daily Market Analysis
In-depth technical & fundamental analysis for currencies & commodities
EUR/USD: bears went through "Window"
The 144 Moving Average has acted as a resistance, so we’ve got a “Three Methods” pattern.
AUD/CAD broke support zone
AUD/CAD broke support zone Next sell target - 0…
GBP/CAD falling inside minor impulse wave 3
GBP/CAD falling inside minor impulse wave 3 Next sell target - 1…
EUR/USD: wave (ii) going to end
The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon.
USD/JPY: Moving Average going to act as resistance
If any bullish pattern arrives in the coming hours, the 34 Moving Average is going to be the main intraday target.
EUR/USD: bullish "Inverted Hammer"
We’ve got a bearish “Three Methods” on the nearest “Window”. If this pattern confirms, this “Window” is likely going to be broken.
Key option levels for Friday, April 7th
Trade scenarios for EUR/USD, GBP/USD and USD/JPY based on key option levels.
GBP/USD: bullish "Triangle"
The 34 MA is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target.
EUR/USD: bulls going to test nearest resistance
We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed.
GBP/AUD broke resistance zone
GBP/AUD broke resistance zone Next buy target - 1…
AUD/USD falling inside sharp (c)-wave
AUD/USD falling inside sharp (c)-wave Next sell targets - 0…
