Daily Market Analysis

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…

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EUR/AUD broke resistance zone Next buy target - 1…