EUR/CHF looks ill
This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.
USD/CAD is under short-term pressure
Information is not investment advice
USD/CAD broke below 1.3370 on Friday. This level will provide the short-term resistance for the pair acting as a neckline for the “Double top”. As long as the price stays below this level, the near-term focus will be on the 100-day MA at 1.3310.
The advance above 1.3370 will open the way up to 1.3430 where USD/CAD will meet resistance provided by the line connecting March highs.
Elizabeth Belugina
Similar
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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