Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: price consolidating under Moving Averages
The price is still consolidating under the Moving Averages. There're two bullish 'Harami' patterns in a row, so the market is likely going to reach the nearest resistance, which could be a starting point for a decline towards the next 'Window'.
There's a 'Harami', so we could have a local bearish correction. Even so, there's an opportunity to have another leg of the developing upward correction 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
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.