Daily Market Analysis

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

GBP/AUD falling inside minor impulse wave 1 Next sell target - 1…

We've got a bearish "Harami" at the local high. Therefore, bears are likely going to test the 21 and 55 Moving Averages.

The upper "Window" acted as resistance, so we've got an "Engulfing" on this level. At the same time, there's a "Doji".

There's a pullback from 3/8 MM Level, so we've got a downward impulse in wave i. Wave ii is about to end, which means...

There's a developing "Rising Wedge". The price is testing the lower side of this pattern.

There's a "Double Bottom", which has been confirmed. In this case, bulls are likely going to reach the closest resistance.

Recommendations: BUY 1,291 SL 1,2855 TP1 1,291 TP2 1,294, SELL 1,264 SL 1,2695 TP1 1,251, TP2 1,245…

Recommendation: SELL 0,72 SL 0,7145 TP1 0,7085 TP2 0,701 On the NZD/USD daily chart, target 88…

Fed Dudley was a superstar of yesterday’s trading sessions. In the absence of any significant economic data overnight, the market’s focus was on Fed member Dudley who gave an upbeat assessment to the US economy and forecasted a further increase in inflation rate due to tightening of the labor market.

Weak bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market is overbought and expected a correction movements.

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