Daily analysis of major pairs for February 1, 2018
February 1, 2018 11:21 amVideo
Latest News
- Technical Analysis – EURCHF pulls back from 14-month peak May 28, 2024
- USA and Europe: market trends during the holidays May 28, 2024
- Market Comment – Euro takes advantage of weak dollar May 28, 2024
- Technical Analysis – EURJPY advances towards 40-year high May 28, 2024
- Technical Analysis – GBPUSD challenges new 2-month high May 28, 2024
- Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday May 28, 2024. May 28, 2024
- Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Tuesday May 28, 2024. May 28, 2024
- Forecast for GBP/USD on May 28, 2024 May 28, 2024
- Forecast for AUD/USD on May 28, 2024 May 28, 2024
- The bullish bias is gaining momentum. Overview of GBP/USD May 28, 2024
- CFTC report: investors continue to USD sell-off despite high yields May 28, 2024
- Investors bet on the euro’s strength. Overview of EUR/USD May 28, 2024
- Video market update for May 27, 2024 May 27, 2024
- Analysis of GBP/USD pair on May 27, 2024 May 27, 2024
- Euro area inflation unlikely to change ECB’s outlook – Preview May 27, 2024
- EUR/USD. Analysis of the upcoming inflation report in the European Union. What to expect? May 27, 2024
- USD/JPY: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- EUR/USD: Simple trading tips for novice traders on May 27th (US session) May 27, 2024
- GBP/USD: trading plan for the US session on May 27th (analysis of morning deals). The pound reached 1.2756 May 27, 2024
EUR/USD: The movement on the EUR/USD pair is now flat – although in the context of an uptrend. Momentum would soon return to the market, and
based on what the market is doing, bulls would be favored when volatility
rises. The resistance lines at 1.2450, 1.2500 and 1.2550 might be reached
before this week runs out.
USD/CHF: In the short-term, this pair is
consolidating. Price is now below the resistance level at 0.9350, going towards
the support level at 0.9300 (which would be breached to the downside as the
market goes further south). There is a Bearish Confirmation Pattern in the
4-hour chart, and long trades are not yet recommended.
GBP/USD: Here, the bullish journey has continued, and that put an end to the recent bearish threat. The EMA 11 is above the EMA
56, and RSI period 14 is above the level 50. There is a Bullish Confirmation
Pattern in the market – price would thus go further upwards. The next targets
are the distribution territories at 1.4300 and 1.4350. Some fundamental figures
are expected today, and they may have impact on the market.
USD/JPY: The USD/JPY pair is now trying to rally in
the context of a downtrend. A movement below the demand level at 109.00 would result
in emphasis on the bearish bias on the market, while a movement above the
supply level at 110.50 would result in a bullish signal, and an end to the
extant bullishness in the market.
EUR/JPY: Although
the recent movement on the EUR/JPY pair has been quite choppy, a new short-term
bullish signal has been generated. The EMA 11 is above the EMA 56, and the RSI
period 14 is above the level 50. All this means that there is bullishness in the
market, which could help price reach the supply zones at 136.60 and 137.00.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: