Daily Market Analysis

Resistance by the middle of the last huge black candle is still on the table. Also, we’ve got a “Hammer”.

The price has reached the lower “Window”, so we’ve got a “High Wave”, but confirmation of this pattern is a quite weak.

NZD/USD reached buy target 0…

CHF/JPY reversed from resistance zone Next sell target - 113…

We've got a "Hammer" at the last local low, but a confirmation of this pattern is a quite weak.

There's a consolidation, which is taking place on the four-hours chart. Also, we've got a bullish "Tweezers".

The last upward trend has been broken, so the price meet with support at 1.2755, which led to forming a "V-Bottom" pattern.

The price is consolidating between resistance at 1.1267 and support at 1.1171. Also, we've got a "Double Top" pattern.

EUR/GBP reached buy target 0…

GBP/NZD broke daily up channel Next sell target - 1…

There are a "Doji" and an "Engulfing", so the price is likely going to get resistance in the middle of the last huge black candle.

There's a correction, which is taking place on the four-hours chart. Also, we've got a developing a "Three Methods" pattern.