Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Bitcoin (BTC/USD) could make a break lower
There were no major changes during the weekend in the crypto space and in the case of Bitcoin, we could observe that the price action did not vary much since the 200-hour moving average served as a reference to guide the way in the short term. The support level of 6281 is still an area of interest for buyers.
The Parabolic SAR continues to provide signals that the BTC could continue with the bearish movement, in addition to that there was already a death crossover of moving averages in the H1 chart, which
What do we expect?
According to our forecasts in the short-term, Bitcoin could try to break the support level of 6281 to extend the structure to the level of 5475. This could strengthen the bearish bias for the short term, which also clears the way for visit the psychological level of 5000. If the resistance level of 7586 bets to be fractured, the gains could be consolidated above the key level by 8000.
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.