EUR/USD: This market is still bearish – irrespective of the rally going on it. However, it should be noted that the rally has put the extant bias in a serious jeopardy, and would render it useless completely in a situation in which the market goes above the resistance line at 1.3800.
USD/CHF: There is a vivid pullback in the price – a threat to the extant bullish outlook. However, it could not be deemed that the bias is over unless the price goes below the support level at 0.8800. Without this happening, it would be OK to see the current pullback as a possible opportunity to go long.
GBP/USD: In accordance with the signal that was formed last week, the GBP/USD remains bullish. There is an easy target at the distribution territory of 1.6700 (although there is a possibility that the target would even be exceeded). During the course of this, the accumulation territories at 1.6650 and 1.6600 could act as barriers to the any bearish pulls along the way.
USD/JPY: This is also a bull market which may hold out till the middle of April 2014. This is in accordance with some seasonally noticed pattern in this unique market, but it does not rule out the possibilities of occasional bearish corrections.
EUR/JPY: The EUR/JPY cross has assumed a bullish bias for this week and it can possibly reach the supply zone at 143.00. The Bullish Confirmation Pattern in the chart shows that there is a great possibility that the momentum in the market would help it to go further northwards.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: This market is still bearish – irrespective of
the rally going on it. However, it should be noted that the rally has put the
extant bias in a serious jeopardy, and would render it useless completely in a
situation in which the market goes above the resistance line at 1.3800.
USD/CHF: There is
a vivid pullback in the price – a threat to the extant bullish outlook.
However, it could not be deemed that the bias is over unless the price goes
below the support level at 0.8800. Without this happening, it would be OK to
see the current pullback as a possible opportunity to go long.
GBP/USD: In accordance with the signal that was formed
last week, the GBP/USD remains bullish. There is an easy target at the
distribution territory of 1.6700 (although there is a possibility that the target
would even be exceeded). During the course of this, the accumulation territories
at 1.6650 and 1.6600 could act as barriers to the any bearish pulls along the
way.
USD/JPY: This is also a bull
market which may hold out till the middle of April 2014. This is in accordance with
some seasonally noticed pattern in this unique market, but it does not rule out
the possibilities of occasional bearish corrections.
EUR/JPY: The
EUR/JPY cross has assumed a bullish bias for this week and it can possibly reach
the supply zone at 143.00. The Bullish Confirmation Pattern in the chart shows
that there is a great possibility that the momentum in the market would help it
to go further northwards.
The material has been provided by InstaForex Company – www.instaforex.com
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