Daily Market Analysis

GBP/AUD reversed from resistance zone Next sell target - 1…

CAD/JPY broke support zone Next sell target - 85…

Wave 5 of (C) might have been formed. Therefore, there's an opportunity to have wave 1 in the short term...

The pair is likely going to test the Moving Averages, which could be a departure point for another bearish price movement...

If all the Moving Averages act as resistance, there'll be an opportunity to have another decline...

The price is likely going to test the nearest resistance area at 1.3944 - 1.3979. At the same time, if we see a pullback from these levels...

It's likely that the pair is going to test the 89 Moving Average in the short term. If a pullback from this line happens little later on...

Recommendation: BUY 0…

Recommendation: BUY 0…

Expanding bearish Ichimoku Cloud with falling Senkou Span A and B; the cancelled dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market had returned to resistance of Tenkan-sen and Kijun and may continue the downtrend.

Bearish Ichimoku Cloud with horizontal Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen but the lines are horizontal; the prices are in the correction to Kijun-sen.

This week was shaking for the cable…