Daily Market Analysis

Bears have broken the "Rising Wedge" and the last upward trendline. Also, there's a possible "Flag" pattern.

AUD/JPY reached buy target 84…

EUR/AUD falling inside the minor ABC correction 4 Next sell target - 1…

The price hasn't fixed above 4/8 MM Level, so wave [c] of 2 may have been ended. Therefore, there's developing wave (i).

We've got a bullish "Engulfing", so the market is likely going to test the nearest resistance.

There's a bullish "Harami", which hasn't been confirmed yet. Therefore, we could have a local correction.

The 34 Moving Average has acted as resistance, so there's a "V-Top" pattern, which has confirmation.

We've got a "Double Top", which has been confirmed, so the price is consolidating. Also, there's a "Flag" pattern.

AUD/CAD reversed from support zone Next buy target - 1…

NZD/CHF reached buy target 0…

The price is consolidating along the 89 Moving Average, so there's a bearish "Doji", but this pattern hasn't been confirmed yet.

The price has been consolidating since the last "Inverted Hammer" formed. However, we've got a "High Wave at the local low.