EUR/USD: In this market, the current surge (upturn) in the price simply means that it is rising amid a downtrend. The downtrend is still a valid thing, and the price is not expected to go above the resistance line of 1.3650. The price may fall further from there or before reaching there.
USD/CHF: В In this market, the current weakness (downturn) in the price simply means that it is falling as it is an uptrend. The uptrend is still a valid thing, and the price is not expected to go below the support level of 0.9050. The price may rise further from there or before reaching there.
GBP/USD: В Right now, it looks like the event on the Cable is determined largely by what is happening to the USD. The market has already aligned itself in favor of the bulls. The EMA 11 is above the EMA 56 and the RSI period 14 is above the level 50. The price itself may reach the distribution territory at 1.6500. The fundamental figures coming out today would have impact on the markets, especially the currency trading instruments that have the USD as its base or counter currency.
USD/JPY: In USD/JPY, the price level of 105.00 is currently under siege. The determined bulls have been battering that level, and it may eventually be overcome. The bullish pressure is strong. After the price breaks that level to the upside, it would continue towards another supply level of 105.50.
EUR/JPY:В EUR/JPY is in an uptrend, because the bearish indication that came into being last week is being rendered invalid. Nevertheless, one would need to wait for a Bullish Confirmation Pattern to be formed again before one takes sides with the bulls.В В The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: In this market, the current surge (upturn) in
the price simply means that it is rising amid a downtrend. The
downtrend is still a valid thing, and the price is not expected to go above the
resistance line of 1.3650. The price may fall further from there or before
reaching there.
USD/CHF: В In this market, the current weakness (downturn)
in the price simply means that it is falling as it is an uptrend. The
uptrend is still a valid thing, and the price is not expected to go below the
support level of 0.9050. The price may rise further from there or before
reaching there.
GBP/USD: В Right now, it looks like the event on the
Cable is determined largely by what is happening to the USD. The market has
already aligned itself in favor of the bulls. The EMA 11 is above the EMA 56
and the RSI period 14 is above the level 50. The price itself may reach the
distribution territory at 1.6500. The fundamental figures coming out today
would have impact on the markets, especially the currency trading instruments
that have the USD as its base or counter currency.
USD/JPY: In USD/JPY, the price level of 105.00 is currently under siege. The determined
bulls have been battering that level, and it may eventually be overcome. The bullish
pressure is strong. After the price breaks that level to the upside, it would continue
towards another supply level of 105.50.
in an uptrend, because the bearish indication that came into being last week is
being rendered invalid. Nevertheless, one would need to wait for a Bullish
Confirmation Pattern to be formed again before one takes sides with the bulls.В В
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