Daily Market Analysis

On the USD/CAD daily chart, there was a false breakout of the lower border of the upward trading channel…

Bulls faced a resistance at 1.2951, so we’ve got a “V-Top” pattern, which pushed the price to a support at 1.2774.

The main trend is still bearish. The price faced a resistance at 1.0739, so there’s a consolidation.

It appeared that Kiwi currency, unlike flightless kiwi bird, can fly…

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen; the prices are under pressure of the Cloud.

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are on the local support; but the market is overbought.

GBP/AUD rising inside impulse waves 3 and (3) Next buy target - 1…

GBP/USD broke resistance area Next buy target - 1…

Wave (ii) is about to end. Therefore, if a pullback from 4/8 MM Level happens, there’ll be an opportunity to have an impulse in wave (iii).

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .

The lower “Window” is acting as a support, so there’s a developing “Three Methods” pattern.

The last wedge was broken, so there was a bullish rally. Finally, the price faced a resistance at 1.2911, so we’ve got a “V-Top” pattern.