Daily Market Analysis

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.

Aussie declined from 0…

The British pound spiked to 1…

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

USD/JPY hit 111…

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.

Recommendations: SELL 110,9 SL 111,45 TP 109,6, BUY 111,6 SL 111,05 TP 112,8…

Recommendation: SELL 0,6915 SL 0,697 TP 0,68…

The ECB monetary policy meeting and Draghi’s press conference were in the spotlight yesterday…

Bullish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the market entered in channel of Tenkan-sen and Kijun.