Silver tries to create a double bottom formation but for this, we need to see the price closing above the resistance on the 16.15 USD/oz. That would also create another hammer on the daily weekly chart.
USD/JPY broke all major resistances along with the long-term down trendline. That is a strong buy signal, especially for long-term investors.
CAD/CHF is having an interesting price action setup, where the price bounced from the 38,2% Fibonacci and broke the lower line of the wedge. We also had a help from the BoC. Despite that, today the price goes a bit higher. The sell signal is still on the table though.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.