Daily Market Analysis

The last bullish “Harami” led to a new high. Therefore, the market is likely going to test the upper “Window” in the short term.

The price has tested the nearest resistance ones again. Also, we’ve got a “Shooting Star”.

Bulls faced a resistance at 1.2945, so we’ve got a “Double Top”, which has been confirmed by the last “Exhaustion Gap”.

The price is still consolidating under a resistance at 1.0951. Also, there’s a developing “Triple Top”.

USD/CAD reached buy target 1…

GBP/CAD broke resistance level 1…

The price is testing 7/8 MM Level, which previously has acted as a resistance. So, wave (iii) is likely going to end soon.

There’s a strong support by the lower “Window”. However, we’ve got a “Tweezers” and an “Engulfing” patterns.

The 55 Moving Average has acted as a support, so the price is rising. At the same time, we’ve got an “Evening Star”.

The last “Pennant” pattern led to a new high. So, the market is likely going to test the nearest resistance at 1.2945 – 1.2995.

There’s a possible “Triple Top” pattern, so the market is likely going to decline towards the nearest support at 1.0819 – 1.0729.

NZD/USD broke major support level 0…