EURUSD: This pair has gone up this week, testing the resistance line at 1.3200. The price could succeed in breaking that line to the upside, especially if it tests it repeatedly enough. The indicators on the chart support the bullish outlook and the price would eventually go towards the resistance line at 1.3250.
USDCHF: There is now a Bearish Confirmation Pattern on the USDCHF pair. The market was able to break the support level at 0.9250 to the downside. The next target is the support level at 0.9200, but there would be some serious battle between buyers and sellers before this can be realized.
GBPUSD: The GBPUSD pair would, but go up. It has been going upwards this week (it is the bias that would be seen for the most part of the week). Right now, the loss in price sustained at the beginning of the week has been recovered, plus the price could reach the accumulation territory at 1.5400 this week.
USDJPY: This instrument is now suffering a serious threat on the ‘sell’ signal it gave recently. The RSI period 14 is still below the level 50, whereas the price has not even crossed the EMA 56 to the upside. The best thing to do now is to stay away from this market until a clearer signal is generated.
EURJPY: This cross has been able to recover all the losses it sustained at the beginning of this week. There is a bullish signal on the chart (accompanied by northward Confirmation Pattern). The price is now trading above the demand zone of 128.00; the next target would be the supply zone at 130.00.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: This pair has gone up this week, testing the resistance line at 1.3200. The price could succeed in breaking that line to the upside, especially if it tests it repeatedly enough. The indicators on the chart support the bullish outlook and the price would eventually go towards the resistance line at 1.3250.
USDCHF: There is now a Bearish Confirmation Pattern on the USDCHF pair. The market was able to break the support level at 0.9250 to the downside. The next target is the support level at 0.9200, but there would be some serious battle between buyers and sellers before this can be realized.
GBPUSD: The GBPUSD pair would, but go up. It has been going upwards this week (it is the bias that would be seen for the most part of the week). Right now, the loss in price sustained at the beginning of the week has been recovered, plus the price could reach the accumulation territory at 1.5400 this week.
USDJPY: This instrument is now suffering a serious threat on the ‘sell’ signal it gave recently. The RSI period 14 is still below the level 50, whereas the price has not even crossed the EMA 56 to the upside. The best thing to do now is to stay away from this market until a clearer signal is generated.
EURJPY: This cross has been able to recover all the losses it sustained at the beginning of this week. There is a bullish signal on the chart (accompanied by northward Confirmation Pattern). The price is now trading above the demand zone of 128.00; the next target would be the supply zone at 130.00.
The material has been provided by InstaForex Company – www.instaforex.com
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