Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Bitcoin (BTC/USD): calm before the storm?
It seems that we were in front of a scenario where calm prevails before the storm and Bitcoin still does not show clear signs that help to define the trend in the short and medium term. What is certain is that the lows of April 26 continue to offer a solid support across the board and where the bulls are gaining momentum.
Keep in mind that on the upward path, the cryptocurrency would have to do a resistance level of 9759 fracture to confirm the idea of a consolidation above the psychological barrier of 10000. However, the Parabolic SAR is suggesting that it could have a more bearish extension.
What do we expect?
According to our forecasts in the H1 chart, the BTC/USD pair has not formed new lower low patterns and this suggests the idea that the 50% Fibonacci level in 8640 is a solid support that could be helping the Bitcoin gain momentum in the short term. To confirm that there is an uptrend in development, we would have to observe a breakout of the resistance level at 9609, followed by the level of 9759, before the take profit zone of 10066 can be reached.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.