Daily analysis of major pairs for January 13, 2017
January 13, 2017 10:52 amVideo
Latest News
- Trading plan for GBP/USD on April 22. Simple tips for beginners April 22, 2024
- Trading plan for EUR/USD on April 22. Simple tips for beginners April 22, 2024
- Forecast for EUR/USD on April 22, 2024 April 22, 2024
- Forecast for GBP/USD on April 22, 2024 April 22, 2024
- Forecast for AUD/USD on April 22, 2024 April 22, 2024
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
EUR/USD: The EUR/USD pair has
gone significantly upwards, and the bias has turned into bullish (due to the
weakness of USD). Price is supposed to go further upwards in the next several days,
and as long as the support lines at 1.0600 and 1.0500 are not breached to the
downside, the bullish outlook would be logical.
USD/CHF: This market has
gone downwards – as a result of the weakness in USD. There is already a “sell”
signal in the market, as price has dropped from the weekly high of 1.0247. It
is important to know that price is still recently above the psychological level
at 1.0000; and once it is breached to the downside. The bias would turn
completely bearish.
GBP/USD: This market is quite choppy. The recent
bullish attempts have been foiled, and the current price action has revealed intent
to push price lower. The EMA 11 is already below the EMA 56, and the RSI period
14 is below the level 50. The
accumulation territories at 1.2100 and 1.2000 could be tested soon.
USD/JPY: The USD/JPY pair has
gone down significantly. The bearish movement started gradually at the
beginning of this week, and it has really become serious. The EMA 11 is below
the EMA 56, and the RSI period 14 has gone below the level 50. It is possible
for price to go further and further downwards today or next week.
EUR/JPY: The EUR/JPY pair is
now in a clear bearish trend. Price has gone down by 230 pips this week, and
the upwards bounce that is currently happening is shallow. A further bearish
movement is anticipated, which may take price towards the demand zones at
121.00, 120.50, and 120.00.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: