Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: bullish 'Three Methods' pattern
There's a bullish "Three Methods" pattern, so the market is likely going to test the 55 Moving Average. If a pullback from this line happens afterwards, there'll be an opportunity to have another upward price movement.
We've got a bearish "Shooting Star", which hasn't been confirmed yet. So, if the 55 Moving Average acts as support, bulls will probably try to break the last high.
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.