Daily Market Analysis

It's likely that the price is going to test the next resistance at 1.2695 - 1.2725. If a pullback from this level happens next...

USD/JPY made a big break down last week and fell until it got supported by 100-week MA at 111.00.

On the daily chart of AUD/USD, the 88.6% target of the "Shark" pattern was reached.

Brent fell below 56.80 last week (50% Fibonacci retracement of the 2016-2018 advance; 200-week MA, 50-month MA).

On the daily chart of NZD/USD, bears managed to pull the pair down due to the "Three Indians" pattern's implementation.

The pair is likely going to test the 144 Moving Average (1.1400). If a pullback from this line happens next...

The pair is likely going to reach the closest resistance at 1.2718 - 1.2732 in the coming hours...

NZD/USD is testing support of the short-term range between 0.6790 and 0.6760.

On the daily chart of EUR/USD, there is the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination based on the 1-2-3 one.

On the daily chart of EUR/GBP, the reversal towards the 23.6% target of the CD wave as a part of the "Shark" pattern's transformation into the 5-0 one helped to open long positions.

BTC/USD rebounded from the 200-week MA at 3212.

With Canadian economic releases later today at 15:30 MT time, the Canadian dollar is getting ready for the increase in volatility.