The 34 Moving Average is acting as a resistance. Also, we’ve got bullish “Doji”, which has been confirmed.
Daily Market Analysis
The 144 Moving Average has acted as a resistance, so we’ve got a “Three Methods” pattern.
AUD/CAD broke support zone Next sell target - 0…
GBP/CAD falling inside minor impulse wave 3 Next sell target - 1…
The price is still consolidating between the 3/8 and 2/8 MM Levels. Meanwhile, wave (ii) is likely going to end soon.
If any bullish pattern arrives in the coming hours, the 34 Moving Average is going to be the main intraday target.
We’ve got a bearish “Three Methods” on the nearest “Window”. If this pattern confirms, this “Window” is likely going to be broken.
Trade scenarios for EUR/USD, GBP/USD and USD/JPY based on key option levels.
The 34 MA is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target.
We’ve got a pullback from a support at 1.0629, so a “V-Bottom” pattern has been formed.
GBP/AUD broke resistance zone Next buy target - 1…
AUD/USD falling inside sharp (c)-wave Next sell targets - 0…