Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: confirmed bearish 'Engulfing'
There's a bearish 'Engulfing', which has been confirmed. Also, we've got a 'Three Methods' pattern, so the price is declining. If a pullback from the closest support at 1.1600 happens next, there'll be time for an upward correction towards the nearest resistance at 1.1676.
We've got a bullish 'Hammer', which hasn't been confirmed yet. In this case, the market is likely going to test the lower 'Window' (1.1600) once again. A pullback from this level could be a starting point for a bullish 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.