Daily analysis of major pairs for January 24, 2017
January 24, 2017 9:46 amVideo
Latest News
- GBP/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- EUR/USD: Simple trading tips for novice traders on April 22nd (US session) April 22, 2024
- GBP/USD: trading plan for the US session on April 22nd (analysis of morning deals). The pound continues to fall April 22, 2024
- EUR/USD: trading plan for the US session on April 22nd (analysis of morning deals). The euro will continue trading within April 22, 2024
- EUR/USD. April 22nd. Christine Lagarde’s speech will set the tone for the week April 22, 2024
- Technical Analysis – EURGBP brings bullish scenario back to the table April 22, 2024
- GBP/USD. April 22nd. The bulls continue to retreat April 22, 2024
- Can Australian CPI data lift the struggling aussie? – Preview April 22, 2024
- Meta reports Q1 earnings after new AI model – Stock markets April 22, 2024
- Weekly forecast based on simplified wave analysis for GBP/USD, AUD/USD, USD/CHF, EUR/JPY, AUD/JPY, and US dollar index on April 22, 2024
- Technical Analysis – GBPUSD tumbles to 5-month low April 22, 2024
- Weekly forecast based on simplified wave analysis for EUR/USD, USD/JPY, GBP/JPY, USD/CAD, NZD/USD, and Gold on April 22nd April 22, 2024
- Video market update for April 22, 2024 April 22, 2024
- Weekly Technical Outlook: 22/04/2024 – Dollar index, USDJPY, EURUSD April 22, 2024
- Market Comment – Risk appetite returns as geopolitical fears calm April 22, 2024
- Weekly Technical Outlook – Dollar index, USDJPY, EURUSD April 22, 2024
- Forex forecast 04/22/2024: EUR/USD, GBP/USD, USD/JPY and Bitcoin from Sebastian Seliga April 22, 2024
- USD/JPY: trading tips for beginners for European session on April 22 April 22, 2024
- Technical Analysis – EURUSD consolidates after decline pauses April 22, 2024
- GBP/USD: trading tips for beginners for European session on April 22 April 22, 2024
EUR/USD: There is a bullish
signal on the EUR/USD pair, and just as it was forecasted earlier this week, price
is expected to go further northwards. The market moved up beyond the support
line at 1.0750 yesterday, targeting the resistance lines at 1.0800, 1.0850, and
1.0850. This bullishness would be sensible as long as price does not go below
the support line at 1.0600.
USD/CHF: There is a
bearish signal on the USD/CHF pair, and just as it was forecasted earlier this week,
price is expected to go further southwards. The market moved up below the resistance
line at 1.0000, targeting the support lines at 0.9950, 0.9900, and 0.9850. This
bearishness would be sensible as long as price not go above the resistance line
at 1.0000. The resistance line at 1.0000 is particularly important because it
would not be easy to be broken to the upside, and so, the current bearishness
is expected to hold out longer.
GBP/USD: The GBP/USD pair moved upwards by 170 pips
yesterday, to continue the bullish signal that was started last week. There is
a Bullish Confirmation Pattern and price may later reach the distribution
territories at 1.2550, 1.2600, and 1.2650.
USD/JPY: What happened
yesterday showed that the rally that happened last Thursday and Friday was an
opportunity to sell short at better prices. Price went south on Monday,
underlining the recent bearish trend in the market. Further downwards movement
is expected for the rest of this week.
EUR/JPY: The movement on
this currency cross is now quite similar to the movement on the USD/JPY pair. There
is a Bearish Confirmation Pattern here, and a further bearish movement is
possible as price targets the demand zones at 121.00 (the first target), 120.50,
and 120.00.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
Related Posts: