Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: confirmed 'High Wave'
There's a 'High Wave', which has been confirmed enough. So, the market is likely going to test the Moving Averages again. At the same time, these lines could be a departure point for another bearish rally.
The price has reached the 34 Moving Average, but there's still no any reversal pattern so far. Therefore, the market is likely going to test the next resistance at 110.85 in the short term.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.