Daily analysis of major pairs for January 18, 2017
January 17, 2017 10:49 pmVideo
Latest News
- Congrats on Winning in the Ramadan Challenge Promo April 10, 2024
- Forecast for EUR/USD on April 10, 2024 April 10, 2024
- Forecast for GBP/USD on April 10, 2024 April 10, 2024
- Forecast for AUD/USD on April 10, 2024 April 10, 2024
- Financial future on the horizon: US stocks rise ahead of consumer price news April 10, 2024
- Trading Signals for EUR/USD for April 10-12, 2024: sell below 1.0864 (4/8 Murray – symmetrical triangle) April 10, 2024
- Trading Signals for GOLD (XAU/USD) for April 10-12, 2024: sell below $2,364 (6/8 Murray – head and shoulders) April 10, 2024
- Technical Analysis – NZDUSD bulls show up before RBNZ rate announcement April 9, 2024
- Trading Signals for GOLD (XAU/USD) for April 9-11, 2024: sell below $2,364 (6/8 Murray – overbought) April 9, 2024
- Will Friday’s data add to hopes of UK exit from recession? – Preview April 9, 2024
- ECB meeting looms: what to expect April 9, 2024
- EUR/USD: Waiting for price turbulence April 9, 2024
- Technical Analysis – EURUSD remains above SMAs with weak momentum April 9, 2024
- BoC to put June rate-cut on the map-tentatively – Preview April 9, 2024
- Forex forecast 04/09/2024: EUR/USD, GBP/USD, Oil and Bitcoin from Sebastian Seliga April 9, 2024
- Video market update for April 09, 2024 April 9, 2024
- Technical Analysis – EURJPY rises towards 16-year high April 9, 2024
- Market Comment – Gold shines bright, yen knocks on intervention door April 9, 2024
- Technical Analysis – AUDUSD steady after several sessions of gains April 9, 2024
- Technical Analysis – GBPUSD capped by 50-day SMA April 9, 2024
EUR/USD: Just as it was predicted
at the beginning of this week, the EUR/USD has continued its upward journey,
now targeting the resistance lines at 1.0750, 1.0800 and 1.0850. These are
essentially the targets for this week, and they would be attained as bulls push
price further and further northwards.
USD/CHF: As it was expected,
the USD/CHF has continued its downward journey, now targeting the support
levels at 1.0000 (+0.9950 and 0.9900). These are essentially the targets for
this week, and they would be attained as bears push price further and further
southwards. However, the psychological level at 1.0000 has appeared to be something
price could not breach permanently to the downside. Price needs to go below it,
staying below it, in order for the threat to the current bearish movement to
disappear.
GBP/USD: The GBP/USD shot upwards significantly,
following the gap-down that occurred at the beginning of this week. The 400-pip
rally was so strong that it overturned the bearish bias in the market (especially
in the short-term). The rally is supposed to continue today as price targets
the distribution territories at 1.2400, 1.2450 and 1.2500.
USD/JPY: This currency
trading instrument has now gone downwards by 160 pips this week – to underline the
“sell” signal that started last week. There is a Bearish Confirmation Pattern
in the chart and further bearish movement is anticipated this week.
EUR/JPY: This cross pair
is in a bearish mode. EUR may be strong versus another currencies but it is
weak versus JPY. The EMA 11 is below the EMA 56 and the RSI period 14 is below
the level 50. Price is now below the supply zone at 121.00, targeting the
demand zone at 120.50. The demand zone is expected to be breached.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: