EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
GBP/JPY has topped
Information is not investment advice
GBP/JPY formed a “shooting star doji” candlestick on the W1. This is a bearish sign. On the D1, the pair ran into the resistance of the 100-day MA (now at 134.50) and turned lower. On the H4, it has recently formed a lower high. The decline below this week’s lows around 133.30 may lead the pound down to the 50-day MA at 131.40. On the way down, there may be some support at 132.35 (38.2% Fibo of the September advance).
Elizabeth Belugina
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EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
USD/CAD may be capable of more
USD/CAD firstly formed a bullish “engulfing” candlestick on the W1 and then confirmed the upside by the following strong bullish candlestick.
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EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
EUR/USD is under pressure
After EUR/USD broke the 1.1180/1.1070 range to the downside, it has been trading within the short-term downtrend.
Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
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