EUR/JPY is on shaky ground
The euro is fundamentally weak
CHF/JPY failed to recover
Information is not investment advice
CHF/JPY has recently broken below the support line from May lows. On Tuesday, the pair tried to revisit higher levels but ultimately closed near the day’s low forming a candlestick with a long upper wick on D1. This means that sellers seized control and may pull the price lower. On H1, there’s a “Head and Shoulders” pattern with a neckline at 108.60. Although the pattern wasn’t formed after a long uptrend that makes it weaker, a decline below 108.60 will still open the way down to the 108.00 area (August lows).
Elizabeth Belugina
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AUD/CHF may recover
AUD/CHF is trading within a long-term downtrend. Now there’s scope for a bullish correction.
Levels for trading USD/CAD
To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).
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EUR/JPY is on shaky ground
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