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.
USD/CHF: confirmed 'Double Top' pattern
There's a 'Double Top' pattern, which has been confirmed, so the price was declining. However, the 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support at 1.0111 - 1.0091. If any bullish pattern forms next, there'll be a moment to have an upward correction towards the nearest resistance at 1.0145 - 1.0169.
Sergey Logachev
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EUR/USD at the 3-weeks low
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
Technical analysis of the USD/CAD
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The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
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