Daily Market Analysis

3/8 MM Level has acted as a resistance, so the market is likely going to move down in wave (iii).

NZD/JPY falling inside minor impulse wave (iii) Next sell target - 75…

EUR/JPY broke support zone Next sell target - 116…

Trade scenarios for EUR/USD, GBP/USD and USD/CAD based on key option levels.

The price is consolidating under the Moving Averages. Therefore, the pair is likely going to achieve a support at 1.2347 – 1.2334.

We’ve got a “Flag” pattern, so bears are likely going to test the nearest support at 1.0551 – 1.0524 during the day.

EUR/CAD broke support zone Next sell target - 1…

CAD/CHF broke resistance level 0…

The last “Triangle” has been broken, so bears found a support at 1.2376. At the same time, we’ve got a “V-Bottom”, so the pair is likely going to test the 89 Moving Average.

We’ve got a new gap. Also, there’s a “V-Bottom”, so bulls are likely going to achieve the nearest support near the local downtrend.

Trade scenarios for EUR/USD, GBP/USD and USD/JPY based on key option levels.

We’ve got a zigzag in wave 2, so bears have delivered wave (i), so there’s an opportunity to have an impulse in wave (iii).