Daily Market Analysis

CAD/CHF broke resistance level 0…

The last “Triangle” has been broken, so bears found a support at 1.2376. At the same time, we’ve got a “V-Bottom”, so the pair is likely going to test the 89 Moving Average.

We’ve got a new gap. Also, there’s a “V-Bottom”, so bulls are likely going to achieve the nearest support near the local downtrend.

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

We’ve got a zigzag in wave 2, so bears have delivered wave (i), so there’s an opportunity to have an impulse in wave (iii).

The 34 Moving Average is acting as a resistance. Also, we’ve got bullish “Doji”, which has been confirmed.

The 144 Moving Average has acted as a resistance, so we’ve got a “Three Methods” pattern.

AUD/CAD broke support zone Next sell target - 0…

GBP/CAD falling inside minor impulse wave 3 Next sell target - 1…

The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon.

If any bullish pattern arrives in the coming hours, the 34 Moving Average is going to be the main intraday target.

We’ve got a bearish “Three Methods” on the nearest “Window”. If this pattern confirms, this “Window” is likely going to be broken.