Daily analysis of major pairs for October 25, 2017
October 25, 2017 9:23 amVideo
Latest News
- Analysis of GBP/USD pair on May 2nd. The final chord for the dollar May 2, 2024
- Analysis of EUR/USD pair on May 2nd. The market calmly responded to the FOMC meeting May 2, 2024
- Technical Analysis – GBPJPY returns to pre-intervention levels May 2, 2024
- JPY terrifies traders May 2, 2024
- Fed makes tough decision May 2, 2024
- USD/JPY: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- EUR/USD: Simple trading tips for novice traders on May 2nd (US session) May 2, 2024
- GBP/USD: trading plan for the US session on May 2nd (analysis of morning deals). The pound was pushed below 1.2521 May 2, 2024
- EUR/USD: trading plan for the US session on May 2nd (analysis of morning deals). Euro bought around 1.0700 May 2, 2024
- EUR/USD. May 2nd. US statistics disappoint once again May 2, 2024
- Technical Analysis – EURUSD capped by 20-day SMA as rebound falters May 2, 2024
- Forex forecast 05/02/2024: EUR/USD, USD/JPY and Gold from Sebastian Seliga May 2, 2024
- USD/JPY: trading tips for beginners for European session on May 2 May 2, 2024
- GBP/USD: trading tips for beginners for European session on May 2 May 2, 2024
- EUR/USD: trading tips for beginners for European session on May 2 May 2, 2024
- Market Comment – Dollar slides as Powell rules out rate hikes May 2, 2024
- RBA decision: will a rate hike be back on the table? – Preview May 2, 2024
- Video market update for May 02, 2024 May 2, 2024
- Technical Analysis – Bullish pressure in AUDUSD lingers May 2, 2024
EUR/USD: The EUR/USD has not
moved significantly this week. However, a movement that is directional is
expected soon, which either would take price above the resistance line at
1.1850 or below the support line at 1.1700. Until one of the two boundaries are
breached, the bias on the market would be neutral.
USD/CHF: The USD/CHF has gone upwards this week,
gaining 60 pips and testing the resistance level at 0.9900. The resistance
level would be breached to the upside today or tomorrow as price targets other
resistance levels at 0.9950 and 1.0000 (which would be difficult to breach to
the upside, for it is a psychological level).
GBP/USD: The Cable went downwards on Tuesday, to put more emphasis on the recent bearishness in the market. There is a Bearish Confirmation Pattern in the 4-hour chart, and the price has moved below the distribution territory at 1.3150, as further bearish movement is anticipated. The next targets for bears are located at the accumulation territories at 1.3100 and 1.3050.
USD/JPY: This currency trading instrument is
bullish in the short-term (though quite volatile). The supply level at 114.00
has been tested and it would be tested again, as price journeys further upwards
towards another supply levels at 114.50 and 115.00, which would require a
strong bullish momentum.
EUR/JPY: What happened on the EUR/JPY is quite
similar to what happened on USD/JPY. The market is bullish but volatile. The
EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. The
supply zone at 134.00 has been tested and it would soon be breached to the
upside as price journeys further northwards. As long price is above the demand
zone at 132.50, the outlook on the market would remain bullish.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: