EURUSD: The EUR/USD is in a bullish mode, though it is currently ranging. The indicators on the chart still show some northward possibility. When a breakout does occur, it would likely be in the direction of the bulls, and for this to happen, the price would need to break the resistance line of 1.3100 to the upside.
USD/CHF: In spite of the fact that the Williams’ % Range is in an overbought situation, the southward bias on the USD/CHF remains valid. The price is currently moving within some defined equilibrium phase; it is not supposed to go above the resistance level of 0.9350. Meanwhile, the price can come more downwards.
GBP/USD: The recent bearish signal on this pair is now being threatened. One would need to wait for a clearer confirmation of what the price would do before one takes a new position. The sell signal is currently in place, and for it to hold, the price should not go above the distribution territory of 1.5350.
USD/JPY: The USD/JPY is still in a bullish mode, irrespective of the sideways movement it is currently engaged in. The indicators confirm some northward potential, and it is possible that the price would touch the supply level at 99.00. Any bearish correction ought not to take the price below the level at 98.00.
EUR/JPY: The EUR/JPY has continued to exude some determination to continue trading upwards. Although this week has been very volatile, the buyers have shown their determination in pushing the price upwards. It is expected that the price could break the supply zone at 129.50 to the upside.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: The EUR/USD is in a bullish mode, though it is currently ranging. The indicators on the chart still show some northward possibility. When a breakout does occur, it would likely be in the direction of the bulls, and for this to happen, the price would need to break the resistance line of 1.3100 to the upside.
USD/CHF: In spite of the fact that the Williams’ % Range is in an overbought situation, the southward bias on the USD/CHF remains valid. The price is currently moving within some defined equilibrium phase; it is not supposed to go above the resistance level of 0.9350. Meanwhile, the price can come more downwards.
GBP/USD: The recent bearish signal on this pair is now being threatened. One would need to wait for a clearer confirmation of what the price would do before one takes a new position. The sell signal is currently in place, and for it to hold, the price should not go above the distribution territory of 1.5350.
USD/JPY: The USD/JPY is still in a bullish mode, irrespective of the sideways movement it is currently engaged in. The indicators confirm some northward potential, and it is possible that the price would touch the supply level at 99.00. Any bearish correction ought not to take the price below the level at 98.00.
EUR/JPY: The EUR/JPY has continued to exude some determination to continue trading upwards. Although this week has been very volatile, the buyers have shown their determination in pushing the price upwards. It is expected that the price could break the supply zone at 129.50 to the upside.
The material has been provided by InstaForex Company – www.instaforex.com
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