Daily Market Analysis

Recommendation: SELL 0,72 SL 0,7145 TP1 0,7085 TP2 0,701 On the NZD/USD daily chart, target 88…

Fed Dudley was a superstar of yesterday’s trading sessions. In the absence of any significant economic data overnight, the market’s focus was on Fed member Dudley who gave an upbeat assessment to the US economy and forecasted a further increase in inflation rate due to tightening of the labor market.

Weak bullish Ichimoku Cloud, horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; a market is overbought and expected a correction movements.

Expanding bullish Ichimoku Cloud, rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen and Kijun-sen; the prices supported by Kijun-sen and the Cloud.

Bulls are trying to gain traction in the NZD/USD pair around 0…

USD/JPY reversed from support zone Next buy target - 112…

AUD/JPY reached buy target 84…

Wave 2 may have been formed, cause there's a pullback from 4/8 MM Level. Also, there's a bearish impulse in wave (i).

The last bullish "Engulfing" has been confirmed strongly, but we've got a bearish "Engulfing", which has a quite weak confirmation.

The price is consolidating along the "Window". Also, there's a bullish "Three Methods", which hasn't been confirmed yet.

The price is consolidating under the 34 Moving Average, so there's a possible developing "Rising Wedge" pattern.

There's a "Triple Top", which has been confirmed. In this case, the market is likely going to achieve the closest support.