There’s a possible flat pattern in wave (ii). Previously, wave (i) has been formed, so the market is likely going to deliver wave (iii) in the short term.
Daily Market Analysis
We’ve got a “High Wave” and a “Doji”, so the pair is likely going to test the nearest resistance.
The 144 Moving Average has acted as a resistance, so there’re a “Tower” and an “Engulfing” patterns, which both have been confirmed.
The last “Wedge” has been broken, so the market is likely going to test the nearest resistance at 1.2595 – 1.2614.
Bulls went through the nearest support area, so we should keep an eye on the next resistance at 1.0698 – 1.0707.
NZD/CAD reached sell target 0…
AUD/CAD reached sell target 0…
There’s a possible extension in wave (iii), so the market is likely going to decline in the short term.
The last bullish “Harami” doesn’t have a strong confirmation. In this case, the market is likely going to reach the closest resistance.
The nearest “Window” has acted as a resistance, so we’ve got a bearish “Shooting Star”.
The last “Triangle” has been transformed into a downward “Wedge”. So, bulls are likely going to test a resistance at 1.2522 – 1.2557.
There’s a bullish “Pennant”, so the market is likely going to test the nearest resistance at 1.0594 – 1.0655 in the short term.