Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: bearish 'Engulfing'
There's a bearish 'Engulfing', so the pair is likely going to reach the nearest support at 110.17. A pullback from this level could be a departure point for a bullish rally towards the upper 'Window' (110.99).
The price is declining because of the last 'Dark Cloud' pattern. Also, there's a bullish 'High Wave'. In this case, it's likely that after a short break, the market is going to test the 55 Moving Average line.
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.