Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/USD: price to test 34 Moving Average
Information is not investment advice
The last 'Shooting Star' has weak confirmation, so the price is likely going to test the 34 Moving Average and the closest resistance at 1.1242 by the 'Three Methods' pattern. The subsequent pullback from these levels could lead to a decline in the direction of the next support at 1.1034.
Technical analysis of the USD/CAD
Technical analysis of USD/CHF
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!
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.