Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/USD: 'Thorn' pattern points to correction
There's a 'Double Bottom', which led to the current upward price movement. However, we've got a 'Thorn' pattern, so there's a moment to have a downward correction. In this case, we should watch the nearest support at 1.2953 - 1.2930 as an intraday target
The pair is consolidating above the Moving Averages. Also, there're three 'V-Top' pattern in a row, so the price is likely going to test the closest support at 1.2953 - 1.2930 shortly. The following pullback from this area could lead to another bullish rally.
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.