EUR/USD: The EUR/USD traded upwards on Thursday, following the sudden weakness in the greenback. The Williams’ Percent Range has shot into the overbought territory, and the price has crossed the EMA 56 to the upside, closing above it. One would be preparing to go long as soon as the EMA 11 crosses the EMA 56 to the upside. If this criterion is not met, one would stay out.
USD/CHF: This tardy instrument finally showed its true color as it plunged downwards by close to 120 pips on Thursday. There is now strong bearish presence in the market (even the expected fundamentals on Friday could drag the price lower). A short trade could be opened as soon as the price retraces toward the level at 0.9400.
GBP/USD: The Cable was able to follow its predominant bullish trend. This means that the shorting possibility that was formerly indicated was quickly overridden. The price went above the EMA 56, while the RSI period 14 went above the 50 level. Surely, the EMA 11 would soon cross the EMA 56 to the upside; and that is when a long trade would be recommended.
USD/JPY: This pair traded upwards by more than 330 pips on Thursday (as a result of exponential weakness in the yen). Rather than going down, the pair still shows more bullish determination. There has been a Bullish Confirmation pattern in the chart, and I would prefer a buy limit order at the demand level of 95.50.
EUR/JPY: As it is true of all JPY pairs, this instrument went upwards in a highly significant mode (by over 520 pips). There is now a bullish outlook on the market – something that developed in less than 24 hours. The price could, however, retraced towards the market zone at 124.00, and that is where a buy limit order is advised.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD traded upwards on Thursday, following the sudden weakness in the greenback. The Williams’ Percent Range has shot into the overbought territory, and the price has crossed the EMA 56 to the upside, closing above it. One would be preparing to go long as soon as the EMA 11 crosses the EMA 56 to the upside. If this criterion is not met, one would stay out.
USD/CHF: This tardy instrument finally showed its true color as it plunged downwards by close to 120 pips on Thursday. There is now strong bearish presence in the market (even the expected fundamentals on Friday could drag the price lower). A short trade could be opened as soon as the price retraces toward the level at 0.9400.
GBP/USD: The Cable was able to follow its predominant bullish trend. This means that the shorting possibility that was formerly indicated was quickly overridden. The price went above the EMA 56, while the RSI period 14 went above the 50 level. Surely, the EMA 11 would soon cross the EMA 56 to the upside; and that is when a long trade would be recommended.
USD/JPY: This pair traded upwards by more than 330 pips on Thursday (as a result of exponential weakness in the yen). Rather than going down, the pair still shows more bullish determination. There has been a Bullish Confirmation pattern in the chart, and I would prefer a buy limit order at the demand level of 95.50.
EUR/JPY: As it is true of all JPY pairs, this instrument went upwards in a highly significant mode (by over 520 pips). There is now a bullish outlook on the market – something that developed in less than 24 hours. The price could, however, retraced towards the market zone at 124.00, and that is where a buy limit order is advised.
The material has been provided by InstaForex Company – www.instaforex.com
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