Daily Market Analysis

CAD/JPY reached sell target 82…

As we can see on the one-hour chart, there’s a bearish impulse in wave (i). So, we could have wave (ii) in the short term.

There’re a bullish “Engulfing” and a “Tower”, so bulls are likely going to test the nearest “Window” during the day.

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.