Daily Market Analysis

The market is likely going to test the closest resistance at 111.24. This level could be a starting point for a decline towards 110.58...

The market is likely going to test the nearest support at 1.1560. A pullback from this level could lead to an upward correction...

The main intraday target is the next support at 1.2880 - 1.2844. Meanwhile, if a pullback from this level happens next...

All the Moving Averages have acted as support. Even so, the pair is likely going to test the next support at 1.1574 - 1.1529...

The inability of bulls to stay in the previous consolidation range of 0.7320-0.7470 pointed at their weakness.

On the daily chart, NZD/USD keeps forming a “Head and shoulders” and AB=CD with a target at 161.8%.

Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.

AUD/CAD broke key support level 0…

GBP/AUD rising inside impulse wave 3 Next buy target - 1…

The price is likely going to test the next support at 110.58 in the short term. A pullback from this level could be a starting point for...

The 55 & 89 Moving Averages are likely going to act as support soon. A pullback from these lines could be a starting point for...