EUR/USD: As it was said in the last forecast, this pair has already had a Bullish Confirmation Pattern formed on it. As long as the price stays above the support line at 1.3550, the Bullish Confirmation Pattern would be valid. There is currently a shallow pullback, which is supposed to be another buying opportunity in the market.
USD/CHF: Yesterday, it was said that this pair has already had a Bearish Confirmation Pattern formed on it. As long as the price stays below the resistance level at 0.9000, the Bearish Confirmation Pattern would be valid. There is currently a shallow rally, which is supposed to be another selling opportunity in the market. One thing should be noted: the resistance level at 0.9000 is a formidable foe to the bulls, and therefore, this newly formed bearish bias is not going to end soon.
GBP/USD: The Cable went upwards as expected, breaking the accumulation territory at 1.7000 to the upside. The bullish outlook is now rather strong. Another easy target is the distribution territory at 1.7050, which has already been tested. Generally, the fundamental figures coming out today should not be ignored, for they would have some impact on the markets.
USD/JPY: The recent signals that come off this currency trading instruments are largely transient. The present condition in this market is perfectly suitable for intraday traders, and one may go short as soon as the price touches the EMA 56.
EUR/JPY: The rally that started here at the beginning of this week has been strong and protracted enough to result in a confirmation of a northward outlook. Buy!
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: As it was said in the last forecast, this pair
has already had a Bullish Confirmation Pattern formed on it. As long as the
price stays above the support line at 1.3550, the Bullish Confirmation Pattern
would be valid. There is currently a shallow pullback, which is supposed to be
another buying opportunity in the market.
USD/CHF: Yesterday,
it was said that this pair has already had a Bearish Confirmation Pattern
formed on it. As long as the price stays below the resistance level at 0.9000,
the Bearish Confirmation Pattern would be valid. There is currently a shallow
rally, which is supposed to be another selling opportunity in the market. One
thing should be noted: the resistance level at 0.9000 is a formidable foe to
the bulls, and therefore, this newly formed bearish bias is not going to end soon.
GBP/USD: The Cable went upwards as expected, breaking
the accumulation territory at 1.7000 to the upside. The bullish outlook is now
rather strong. Another easy target is the distribution territory at 1.7050,
which has already been tested. Generally, the fundamental figures coming out
today should not be ignored, for they would have some impact on the markets.
USD/JPY: The recent signals that come off this
currency trading instruments are largely transient. The present condition in
this market is perfectly suitable for intraday traders, and one may go short as
soon as the price touches the EMA 56.
EUR/JPY: The rally that started here at the beginning of
this week has been strong and protracted enough to result in a confirmation of
a northward outlook. Buy!
The material has been provided by InstaForex Company – www.instaforex.com
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