Daily Market Analysis

The inability of bulls to overcome resistance at 23.6% of the wave 4-5 and lead the pair out of the descending trade channel points at their weakness.

Bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.

AUD/CAD rising inside intermediate impulse wave (3) Next buy target 0…

GBP/AUD broke support area Next sell target - 1…

A pullback from the 'Window' could be a departure point for a decline towards the Moving Averages...

If a pullback from the 55 Moving Average happens next, there'll be time for a decline towards the nearest support at 1.1680...

The pair is likely going to test the 34 Moving Average in the short term. If a pullback from this line arrives little later on...

If a pullback from the closest support at 1.1679 - 1.1661 happens in the coming hours, there'll be an opportunity to have...

On the daily chart of NZD/USD, after the pair reached the 88.6% target of the “Bat” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave.

On the daily chart of AUD/USD, after the pair reached 88.6% target of the “Shark” pattern, it rebounded to 23.6%, 38.2% and 50% of the CD wave within its transformation to 5-0.

Bearish Ichimoku Cloud, but rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with a rising Kijun-sen