Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
USD/JPY: 'Shooting Star' on the last local high
There's a 'Shooting Star', which has been formed on the last local high. So, after a short break, the market is likely going to achieve the lower 'Window' (110.20).
We've got bearish patterns such a 'High Wave' and a 'Shooting Star', which both have been confirmed. In this case, we should keep an eye on the next support at 110.20 as an intraday bearish target.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
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.
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.