Daily Market Analysis

The price has been rising since a pullback from the nearest Moving Average happened. Also, there isn't any bearish pattern so far.

The price found resistance at 1.2757, so bears achieved support at 1.2705. In this case, the market is likely going to...

Bears faced support on the 34 MA. So, the pair is likely going to reach the next resistance at 1.1219 - 1.1227 during the day.

Expanding bullish Ichimoku Cloud, rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen and  Kijun-sen; the prices are supported by Tenkan-sen and Kijun-sen.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen; the bulls entered to positive area passing through the Cloud’s resistance.

USD/JPY remains favored by the bullish bias, which strengthened after the formation of a bullish divergence in the RSI indicator two weeks ago…

NZD/JPY broke resistance zone Next buy target - 82…

NZD/USD rising inside intermediate impulse wave (3) Next buy targets - 0…

There's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore...

The 21 Moving Average has acted as support, so we've got a "Tweezers" and a "Hammer", which all have been confirmed.

The price tested the nearest resistance once again, so we've got a bearish "Tweezers" on this level.

The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term.