Daily analysis of major pairs for August 19, 2016
August 18, 2016 11:16 pmVideo
Latest News
- EUR/USD. April 16th. Bears continue to advance against the backdrop of strong US statistics April 16, 2024
- Euro, sterling extend weakness April 16, 2024
- GBP/USD. April 16th. British statistics didn’t capture traders’ attention April 16, 2024
- Technical Analysis – EURCHF ticks up after strong losses April 16, 2024
- Technical Analysis – JP 225 index tests crucial support zone April 16, 2024
- Market Comment – Stocks slide, dollar soars as rate cut bets take another hit April 16, 2024
- Forex forecast 04/16/2024: EUR/USD, USDX, Gold and SP500 from Sebastian Seliga April 16, 2024
- GBP/USD: trading tips for beginners for European session on April 16 April 16, 2024
- EUR/USD: trading tips for beginners for European session on April 16 April 16, 2024
- What’s next for markets amid Israel-Iran tensions? – Special Report April 16, 2024
- Technical Analysis – GBPUSD pulls back into the negative zone April 16, 2024
- Geopolitical developments and stronger US data push volatility to new highs across the board – Volatility Watch April 16, 2024
- Technical Analysis – AUDUSD breaks the lower bound of a sideways range April 16, 2024
- Video market update for April 16, 2024 April 16, 2024
- Hot forecast for EUR/USD on April 16, 2024 April 16, 2024
- Technical Analysis – EURUSD dives further near 1.0600 April 16, 2024
- XM 2024 Ramadan Promotion Winners April 16, 2024
- EUR/USD and GBP/USD: Technical analysis on April 16 April 16, 2024
- Key events on April 16: fundamental analysis for beginners April 16, 2024
- Overview of the GBP/USD pair. April 16th. The pound may rebound, but the flat is over, and there are no reasons for growth April 16, 2024
EUR/USD: This pair has moved
upwards by 200 pips this week, with a clean Bullish Confirmation Pattern in the
chart. The EMA 11 is above the EMA 56, and the Williams’ % Range period 20 often
hovers around the overbought region. There is a strong bullish signal in the
market and price is supposed to continue its journey upwards.
USD/CHF: This pair has moved
downwards by 210 pips this week, with a clean Bearish Confirmation Pattern in
the chart. The EMA 11 is below the EMA 56, and the Williams’ % Range period 20
often hovers around the oversold region. There is a strong bearish signal in
the market and price is supposed to continue its journey downwards.
GBP/USD: There is now a bullish
signal on the GBP/USD, for price has moved upwards 290 pips since Tuesday. The
market is now above the accumulation territory at 1.3150, going towards the
distribution territories at 1.3200, 1.3250 and 1.3300. These distribution territories
would be reached today or next week.
USD/JPY: This is a bear market
in the short term. The EMA 11 is below the EMA 56 and the RSI period 14 is
below the level 50. All bulls’ effort in the market is expected to be scuttled.
Then bears might be able to push price towards the demand levels at 99.50 and
99.00; though that would require strong selling pressure.
EUR/JPY: This cross consolidated last week, and it has
consolidated so far this week. Further consolidation for a few more days would
force the current bearish bias into a neutral territory. Today, or most
probably, next week, would determine the next direction of the cross.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: