Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/JPY reversed from support area
- EUR/JPY reversed from support area
- Next buy target - 127.00
EUR/JPY recently reversed up from the support area lying between the powerful support level 125.00 (former strong support level from May) and the the lower daily Bollinger Band. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active impulse wave 3. EUR/JPY is expected to rise further toward the next buy target at the next resistance level 127.00 (top of the earlier wave (iv)).
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.