Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'Hammer' pattern on the 34 MA
There's a pullback from the 34 Moving Average, so we've got a 'Hammer' pattern. In this case, we could have a local upward correction. Anyway, the pair is likely going to test the lower 'Window' afterwards.
There're bullish patterns such a 'High Wave' and 'Hammer', so the market is likely going to test the Moving Averages. If a pullback from these lines happens little later on, there'll be a moment for another decline.
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.