Daily analysis of major pairs for February 3, 2014
February 3, 2014 5:15 amVideo
Latest News
- Forex forecast 05/01/2024: EUR/USD, GBP/USD, USD/JPY, SP500 and Oil from Sebastian Seliga May 1, 2024
- Market Comment – Dollar enjoys a bid; stocks concerned about a hawkish Fed May 1, 2024
- Technical Analysis – Gold seeks safety after Tuesday’s drop May 1, 2024
- Technical Analysis – USDJPY stabilizes a tad below 160.00 May 1, 2024
- Video market update for April 30, 2024 April 30, 2024
- Analysis of the EUR/USD pair on April 30, 2024 April 30, 2024
- Analysis of the GBP/USD pair on April 30th. Last chance for the dollar April 30, 2024
- GBP/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- EUR/USD: Simple trading tips for novice traders for April 30th (US session) April 30, 2024
- GBP/USD: trading plan for the US session on April 30th (analysis of morning deals). The pound is kept within the side channel April 30, 2024
- Could Monday’s intervention turn the tide for the yen? – Special Report April 30, 2024
- EUR/USD: trading plan for the US session on April 30th (analysis of morning deals). The euro is trying to end the month on April 30, 2024
- Trading Signals for Bitcoin (BTC/USD) for April 30 – May 7, 2024: sell below $62,500 (21 SMA – 4/8 Murray) April 30, 2024
- Trading Signals for Ethereum (ETH/USD) for April 30 – May 7, 2024: sell below $3,177 (21 SMA – 1/8 Murray) April 30, 2024
- Technical Analysis – Is US 100 setting course for new record highs? April 30, 2024
- EUR/USD. April 30th. Sellers await weak inflation data in the EU April 30, 2024
- GBP/USD. April 30th. Bulls continue to attack, but American reports could help the bears April 30, 2024
- Besides yen pairs, neutral volatility across the board ahead of Fed and NFP – Volatility Watch April 30, 2024
- Market Comment – Dollar rebounds, yen off highs after suspected intervention April 30, 2024
- Technical Analysis – Will AUDUSD exit the range again? April 30, 2024
EUR/USD: The weakness in the EUR/USD may continue this
week, especially when the price breaks the support line at 1.3450 to the
downside. However, this may not occur without some upwards bounces along the
way, which would tend to be opportunities to go short in the downtrend.
USD/CHF: The stamina in the USD/CHF may continue this
week, especially when the price breaks the resistance level at 0.9100 to the upside.
However, this may not occur without some pullbacks along the way, which would
tend to be opportunities to go long in the uptrend.
GBP/USD: This currency trading instrument is also a
weak market, but its characteristic upswings and downswings should be expected this
week. The upswings should respect the major bias – which is bearish. This
bearish bias would continue as long as the price stays below the distribution
territory at 1.6500.
USD/JPY: Any
rally on this pair would always be limited, and it would tend to pull back in
the direction of the dominant outlook, which is southward. For more than 7
trading days, the bears have been unable to push the price below the demand
level at 102.00. For the current outlook to be valid, the price must cut
through that demand level and close below it this week.
EUR/JPY: This is
also a bear market, and it would continue to be bearish this week. Any bullish attempts
along the way may not take the price above the supply zone at 139.00; plus the
next target in the price is at the demand zone of 137.00: an easy target
indeed.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: