Daily Market Analysis

Recommendation: SELL 1…

EUR/AUD is extending the decline across the markets and we can expect a duplication of the cycle started since end of May…

AUD/CAD broke above parity Next buy target - 1…

AUD/NZD rising inside sharp C-wave Next buy target - 1…

Bears have broken the "Window", so the price is declining. The 144 MA is acting as support. There isn't any reversal pattern so far.

There's a bullish "Engulfing" pattern, which has been confirmed, so the price reached the nearest resistance level.

Bullish Ichimoku Cloud with extremely rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the prices are on the new 2Y-highs, but under the strong daily resistance.

Bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; the prices made a new local highs and corrected to Kijun-sen.

If the pair comes back under the upper side of the diagonal, there'll be an opportunity to have wave i of (i).

Analysts at Citi recommend buying GBP/JPY at 147…

There's a consolidation, which is taking place near resistance at 1.3116. In this case, bulls are likely going to deliver a new local high.

Bulls faced resistance at 1.1529, so the market is likely going to test the nearest support at 1.1494 in the short term.