EUR/JPY rebounded from the 123.00 level on the H4. The pair formed a “piercing line” pattern.
USD/CHF may rise a bit
Information is not investment advice
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe. The pair’s rising and ready to try and get above 0.9661 (August low). The price action on the H1 resembles an inverted “Head and Shoulders” pattern. This means that the USD will have a chance to correct higher, to the 0.9690/0.9700 area (50-day MA).
NZD/CAD has reached a 200-week MA (0.8950) and formed a “shooting star” candlestick on the D1. On the H4, we see a lower high.
XAU/USD has moved this week in line with its short-term uptrend and the overall long-term uptrend reaching $1 865.
Stocks futures rose on Monday, indicating a higher start to the first session of August.
The Bank of England is expected to keep its monetary policy unchanged this Thursday.
US cases jump by 67.000, US agrees to pay Sanofi and GSK 2.1 billion dollars for 100 million doses of coronavirus vaccine.