Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GBP/JPY: developing 'Flag' pattern
Information is not investment advice
The market is consolidating along the Moving Averages. It seems like we're going to have a 'Flag' pattern. If so, the market is likely going to achieve the nearest resistance at 147.00 - 147.80 in the coming hours. The subsequent pullback from these levels could lead to a decline in the direction of the previously tested support at 144.13 - 143.71.
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.