Daily Market Analysis

The lower “Window” has acted as a support, so we’ve got a “Hammer” pattern, but its confirmation is a quite weak.

On the daily chart bears managed to lead the quotes out of the descending channel…

On the daily chart, bears managed to reach 78…

Trade scenarios for EUR/USD, GBP/USD and AUD/USD based on key option levels.

There’s a consolidation under Moving Averages. Also, we’ve got a “Pennant”, which is likely going to be transformed into a “Flag”.

We’ve got a “Triple Bottom”, so the market is going to test the nearest resistance between the 34 Moving Average and the level 1.0732.

CHF/JPY broke strong support zone Next sell target - 109…

AUD/JPY falling inside waves (iii) and C Next sell target - 82…

Wave (i) is going to end soon. So, if a pullback from 7/8 MM Level happens, there’ll be time for an upward correction.

If any bullish pattern arrives on the closest support line, the pair is likely going to test the nearest resistance.

There’s a support by the lower “Window”. Also, we’ve got a developing “Hammer”, but the last bearish “Three Methods” is still on the table.

On the daily USD/CHF chart, there's a realization of the Wolfe waves pattern…