Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: 'Shooting Star' and 'Engulfing'
There's a 'Shooting Star', which has been formed on the 144 Moving Average. In this case, it's likely that the market is going to test the next support at 1.1505. A pullback from this level could be a starting point for another bullish rally.
There're bearish patterns such a 'Shooting Star' and an 'Engulfing', both of them have been confirmed. Therefore, we should keep an eye on the nearest significant support at 1.1505 as an intraday target.
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.