Daily Market Analysis

NZD/USD rising inside primary impulse wave ③ Next buy target - 0…

CAD/CHF reversed from support zone Next buy target - 0…

There's a consolidation, which is taking place on the four-hours chart. The 34 Moving Average is acting as resistance.

We've got a "Morning Star", which has been confirmed, so the price is moving up.

The price reached 8/8 MM Level, so wave (c) of [y] may have been ended, which means there's an opportunity to have bearish wave (i).

We've got an upward consolidation, which is developing between the 34 Moving Average and resistance at 1.3023.

Bulls faced resistance at 1.1204. However, the price is likely going to move on towards the next resistance at 1.1232 - 1.1249.

CAD/JPY reversed from support zone Next buy target - 83…

EUR/USD rising inside impulse waves (iii) and C Next buy target - 1…

There's a "Tweezers" pattern at the local high, but the last bullish "Hammer" is still on the table.

We've got a "High Wave" and a "Hammer" at the last low, so there's an opportunity to have the market even higher.

The price is still rising, so bulls are likely going to test 8/8 MM Level.