EURUSD: As it was forecasted, the EURUSD rejected bullish attempts on it in this week and has assumed a new bearish bias. The price is currently going towards the support line of 1.3600 and would eventually break it to the upside. There is now a Bearish Confirmation Pattern on the chart.
USDCHF: As it was forecasted, the USDCHF rejected bearish pulls on it in this week and has assumed a new bullish bias. The price is currently testing the resistance level of 0.9000 and would eventually break it to the upside. There is now a Bullish Confirmation Pattern on the chart.
GBPUSD: The Cable is not a sexy market at the present. There are mixed signals on the chart (unlike the directional movement like that of its EURUSD counterpart). What could be advised here is staying away until there is a clear signal. Most likely, when things become clear, it could be a bearish signal – the RSI period 14 has already crossed the level 50 to the downside.
USDJPY: This pair has moved upwards by over 180 pips this week. This is no surprise: the trend has always been bullish in spite of the recent upswings and downswings in the price, which appeared maniacal sometimes. Right now, the supply level of 104.50 is under siege. It would eventually be overcome.
EURJPY: Like most other JPY pairs, this cross is also bullish in bias, only that the bias is not that strong (unlike what is happening on the USDJPY). One reason for this is the perceived weakness on the Euro itself. Nevertheless, the price would go up.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: As it was forecasted, the EURUSD rejected bullish attempts on it in this week and has assumed a new bearish bias. The price is currently going towards the support line of 1.3600 and would eventually break it to the upside. There is now a Bearish Confirmation Pattern on the chart.
USDCHF: As it was forecasted, the USDCHF rejected bearish pulls on it in this week and has assumed a new bullish bias. The price is currently testing the resistance level of 0.9000 and would eventually break it to the upside. There is now a Bullish Confirmation Pattern on the chart.
GBPUSD: The Cable is not a sexy market at the present. There are mixed signals on the chart (unlike the directional movement like that of its EURUSD counterpart). What could be advised here is staying away until there is a clear signal. Most likely, when things become clear, it could be a bearish signal – the RSI period 14 has already crossed the level 50 to the downside.
USDJPY: This pair has moved upwards by over 180 pips this week. This is no surprise: the trend has always been bullish in spite of the recent upswings and downswings in the price, which appeared maniacal sometimes. Right now, the supply level of 104.50 is under siege. It would eventually be overcome.
EURJPY: Like most other JPY pairs, this cross is also bullish in bias, only that the bias is not that strong (unlike what is happening on the USDJPY). One reason for this is the perceived weakness on the Euro itself. Nevertheless, the price would go up.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: