GBP/CAD still hovers below the 200 SMA at H1 chart and looks like it can resume the bearish bias soon, as the pair is currently finding resistance in the supply zone established by the Fibonacci retracement levels of 50% and 65% at 1…
Daily Market Analysis
GBP/JPY broke resistance zone Next buy target - 145…
USD/CHF reversed from support zone Next buy target - 0…
The 34 Moving Average is acting as support, so we've got a bullish "Hammer" at the local low. However...
The price reached the upper "Window", but there isn't any reversal pattern so far. Moreover, there's a possible bullish "Three Methods".
8/8 MM Level has acted as resistance, so we've got a bearish impulse in wave (a). Also, there's a pullback from 5/8 MM Level, so...
Bulls faced with resistance at 1.3223, so the price tested the nearest support at 1.3164. In this case, the pair is likely going to...
The 34 Moving Average has acted as support, so the price is consolidating. Therefore, the market is likely going to test the 89 MA.
Expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising lines; the market is seeking the support on Kijun-sen for continue uptrend.
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan and Kijun; the prices are on the support of Tenkan-sen and Kijun-sen.
Recommendation: SELL 0…
Recommendation: SELL 0…