Daily Market Analysis

On the daily chart of EUR/GBP, there is the transformation of the "Shark" pattern into the 5-0 one.

On the daily chart of EUR/USD, bulls try to break the upper border of the 1.1265-1.1445 consolidation range, which was formed as a part of the "Spike and Ledge" pattern's implementation.

It's likely that the pair is going to test the lower 'Window' (1.1323) in the coming hours...

The New Zealand dollar has been suffering during the previous week, trading at November's levels. What did result in such a bad performance of the currency?

The pair is likely going to test the nearest support at 1.2606 - 1.2588. Meanwhile, if a pullback from this area happens next...

EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).

EUR/JPY has reached the support line connecting 2018 lows and the lower weekly Bollinger band in the 125.50 area.

It's likely that the price is going to test the nearest support at 1.1335 in the coming hours. If a pullback from this level happens next...

It's likely that the price is going to test the next resistance at 1.2725 - 1.2759 in the coming hours...

On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.

On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.

On the daily chart of EUR/JPY, the implementation of the "Spike and Ledge" pattern, in particular, the fall of the pair below the lower border of the "ledge" between the 127.6 and 129.25 levels, made the pair reach the 88.6% target of the "Shark" pattern.