Daily Market Analysis

There’s a new “Window”, but we’ve got a bearish “Belt Hold” at the local high.

We’ve got a “Pennant”, so the market is likely going to achieve the closest resistance at 1.2911 – 1.2945 in the short term.

The last downward “Pennant” has been broken, wo we’ve got a “Breakaway Gap”.

USD/CAD rising inside minor impulse wave 3 Next buy targets - 1…

NZD/CAD reached buy target 0…

The 34 Moving Average has acted as a resistance, so we’ve got a “Doji” pattern on this line.

We’ve got a confirmed “Shooting Star”, but the price formed a pullback from the closest support.

The price has come back under 4/8 MM Level, so wave (ii) was likely ended.

The price is consolidating between the levels 1.2865 – 1.2774. The 34 Moving Average is going to act as a support.

There’s a “Double Top”, which has been confirmed. Therefore, the market is going to reach a support at 1.0698 – 1.0688.

CAD/CHF falling inside minor impulse wave (iii) Next sell target - 0…

AUD/CAD rising inside intermediate impulse wave (3)   Next buy target - 1…