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
The market has been moving up since a 'Hammer' formed on the Moving Averages. Also, there's no any reversal pattern so far, which means the pair is going to test upper 'Window' soon.
There's a bullish 'Three Methods', so the price is rising. It's likely to have a local downward correction towards the Moving Averages during the day. A pullback from the nearest one could be a starting point for 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.