Daily Market Analysis

AUD/JPY falling inside intermediate impulse wave (3) Next sell target -81…

The pair is likely going to test the upper 'Window' (110.99) once again. If a pullback from this level happens little later on...

There's an 'Inverted Hammer', so the market is likely going to test the nearest resistance at 1.1674. A pullback from this level could...

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...