Daily Market Analysis

We’ve got a “Triple Bottom”, so the market is going to test the nearest resistance between the 34 Moving Average and the level 1.0732.

CHF/JPY broke strong support zone Next sell target - 109…

AUD/JPY falling inside waves (iii) and C Next sell target - 82…

Wave (i) is going to end soon. So, if a pullback from 7/8 MM Level happens, there’ll be time for an upward correction.

If any bullish pattern arrives on the closest support line, the pair is likely going to test the nearest resistance.

There’s a support by the lower “Window”. Also, we’ve got a developing “Hammer”, but the last bearish “Three Methods” is still on the table.

Trade scenarios for EUR/USD, GBP/USD and AUD/USD based on key option levels.

There’s a “Double Top”, which has been confirmed, so the uptrend was broken. The 55 Moving Average is acting as a support.

The price is moving in a range between the levels 1.0678 – 1.0639. Also, there’s a “Pennant” pattern, so bears are likely going to test a support at 1.0600 – 1.0594.

The last bearish “Doji” pushed the market lower. Also, the 55 Moving Average acted as a resistance.

The last bullish “Harami” hasn’t been confirmed. Also, we’ve got a bearish “Three Methods”.

We’ve got a triangle in wave (Y) of [B], so bears formed a wedge in wave 1. Also, there’s wave 2, which was ended last month.