Monday’s “Window” has been closed by the last bearish candles, so the price reached the lower “Window”.
Daily Market Analysis
Trade scenarios for EUR/USD, AUD/USD and USD/CAD based on key option levels.
The last “Double Top” pushed the price to a support at 1.2382. At the same time, bears are likely going to test the next support at 1.2347 – 1.2323 in the short term.
We’ve got a “V-Top”, so the price reached a support at 1.0797. Meanwhile, the market is likely going to continue falling down towards the next support at 1.0774.
Wave 2 has been formed like a zigzag. -1/8 MM Level acted as a resistance, so the price is declining in wave (i).
NZD/CHF broke powerful support level 0…
Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels
The last “Tweezers” led to an upward price movement, so the price achieved the Moving Averages.
There’s a “Harami”, which has been confirmed. Therefore, the nearest “Window” is likely going to act as a support during the day.
We’ve got a “V-Top”, so bears are likely going to reach a support area between the levels 1.2506 – 1.2492.
We’ve got a “V-Top” pattern right under a resistance at 1.0911. In this case, the price is likely going to test the 55 Moving Average, which could act as a support.
On the USD/CHFdaily chart, there is an implementation of 5-0, "Shark" and AB = CD patterns…