Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Doji' formed on the 34 Moving Average
The pair has been declining since a 'Doji' formed on the 34 Moving Average. There's no any reversal pattern so far, which means the price is going to continue declining towards the next support area.
There's a 'Shooting Star', so the market is declining. In this case, bears are likely going to continue to push the price lower until any reversal pattern forms.
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.