Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: bearish 'Three Methods' pattern
The last bullish 'Harami' hasn't been confirmed because of the bearish 'Three Methods' pattern. However, the price is likely going to test the upper 'Window', which could be a departure point for another decline.
There's a bearish 'High Wave' pattern, so the price is likely going to reach the lower 'Window' within the next few hours. If a pullback from this level forms afterwards, there'll be an opportunity to have an upward correction.
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.