USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
GOLD: 'Tower' pushing price to 'Window'
The last bullish 'Tower' led to the current upward price movement. However, we've also got a bearish 'Harami', which hasn't been confirmed yet. Therefore, the market is likely going to test the upper 'Window' (1328.48), which acted as resistance before. The subsequent pullback from this level could lead to a local decline towards the 55 Moving Average.
Galya Svetlova
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The USD/CAD on a bullish reversal
The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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