Daily Market Analysis

The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance...

Bears faced with support at 1.1553, so the market is likely going to test the nearest resistance at 1.1623 -1.1653...

On the daily chart of AUD/USD, the pair couldn’t stick above the upper boundary of the downward channel that signals a bulls’ weakness.

On the daily chart of NZD/USD, bulls couldn’t break the resistance at 0.706 and pull the pair out the downward channel that signaled their weakness.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a new dead cross of Tenkan-sen and Kijun-sen.

Bullish Ichimoku Cloud, but horizontal Senkou Span A and B; a cancelled dead cross of Tenkan-sen and Kijun-sen with horizontal lines.

CAD/JPY reversed from resistance zone Next sell target - 83…

EUR/NZD reversed from support area Next buy target - 1…

The pair is likely going to reach the nearest support at 110.17. A pullback from this level could be a departure point for a bullish rally...

The market is likely going to test the nearest resistance at 1.1695, which could be a starting point for another decline...

It's likely to have a bullish correction in the coming hours. The main intraday target is the closest resistance at 1.3253 - 1.3277...

It's likely to have a correction during the day. Even so, the price is going to continue declining afterwards...