Daily Market Analysis

There's a bearish "Shooting Star" pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support level.

It seems like we've got a bullish impulse in wave C. Also, there's a triangle in wave [iv]. So, there's an opportunity to have wave [i].

There's a "Double Top", which has been confirmed. Therefore, the pair is likely going to test the support at 1.2982 in the short term.

Bulls faced resistance at 1.1560, so we've got a "V-Top" pattern, which led to the current decline. Therefore, the market is likely going to...

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction,  tested the strong support of Senkou Span B.

Expanding bullish Ichimoku Cloud with rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, rising Kijun-sen; the prices are in the channel of Tenkan-Kijun and supported by Kijun-sen.

Recommendations: BUY 0…

Recommendation: SELL 1…

EUR/AUD is extending the decline across the markets and we can expect a duplication of the cycle started since end of May…

AUD/CAD broke above parity Next buy target - 1…

AUD/NZD rising inside sharp C-wave Next buy target - 1…

Bears have broken the "Window", so the price is declining. The 144 MA is acting as support. There isn't any reversal pattern so far.