Daily Market Analysis

NZD/USD rising inside intermediate impulse wave (3) Next buy targets - 0…

There's a possible flat pattern in wave (ii). Also, we've got a developing diagonal triangle in wave c of (ii). Therefore...

The 21 Moving Average has acted as support, so we've got a "Tweezers" and a "Hammer", which all have been confirmed.

The price tested the nearest resistance once again, so we've got a bearish "Tweezers" on this level.

The price found resistance at 1.2757, but bulls are likely going to reach the next resistance at 1.2817 in the short term.

Bulls faced resistance at 1.1212, so the price is consolidating. Also, we've got a "Pennant" pattern, so the pair is likely going to...

On the GBP/USD daily chart, there is a realization of the Wolfe Waves pattern…

Recommendation: BUY 0,7297 SL 0,7242 TP 0,7445…

Narrowing bearish Ichimoku Cloud; rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with falling Kijun-sen; the market is under strong resistance of the 4H-Cloud.

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market bounced from the top border of the Cloud and Bears may continue selling.

In the absence of the news catalysts over the weekend, the market moves were subdued in Asia today…

AUD/USD is starting to retrace from June 14th highs and it’s now heading to a key demand zone established by the 50% Fibonacci retracement level, given that it reached an extreme zone in the upside which coincides with the 100% Fibonacci expansion level…