Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
GOLD: bearish 'High Wave' pattern
Information is not investment advice
There're bearish patterns such a 'High Wave' and a 'Tower', which both have been confirmed, so the price is declining. In this case, it's likely that the market is going to test the next support at 1263.60 in the coming days. If a pullback from this level happens next, bulls will probably try to reach the closest resistance at 1283.62.
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.