EUR/USD: The EUR/USD is still in a bearish mode, and it is expected that the present rally would be temporary in nature, giving another opportunity to sell short in the direction of the bearish trend. As long as the indicators confirm the bearish mode, the price could go on towards the support line of 1.2750.
USD/CHF: The pair is in a bullish mode, and it would continue to go upwards in spite of any occasional pulldowns in the market. This is no big deal, for the market does not go in a straight line. The current bearish retracement is not supposed to take the price below the support level of 0.9600.
GBP/USD: Unless otherwise indicated by any ensuing northward confirmation, only short trades should be sought here. As long as the price stays below the distribution territory of 1.5000, the bearish propensity continues. It is possible that the price would touch at least, the accumulation territory at 1.4800.
USDJPY: There is a threat to the bullish signal on the chart. The price consolidated so far in this week and fell downwards a little. The RSI period 14 has already gone below the level 50, but the price is yet to close below the EMA 56. One would need to wait for further confirmation of what the price would do before one takes a position.
EUR/JPY: There is a Bearish Confirmation Pattern on the chart, following the new ‘sell’ signal on the chart. The EMA 11 has gone below the EMA 56, as the RSI period 14 is below the level 50. Since the cross is currently weak, it is thus expected that the price would break the demand zone of 128.50 to the downside.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD is still in a bearish mode, and it is expected that the present rally would be temporary in nature, giving another opportunity to sell short in the direction of the bearish trend. As long as the indicators confirm the bearish mode, the price could go on towards the support line of 1.2750.
USD/CHF: The pair is in a bullish mode, and it would continue to go upwards in spite of any occasional pulldowns in the market. This is no big deal, for the market does not go in a straight line. The current bearish retracement is not supposed to take the price below the support level of 0.9600.
GBP/USD: Unless otherwise indicated by any ensuing northward confirmation, only short trades should be sought here. As long as the price stays below the distribution territory of 1.5000, the bearish propensity continues. It is possible that the price would touch at least, the accumulation territory at 1.4800.
USDJPY: There is a threat to the bullish signal on the chart. The price consolidated so far in this week and fell downwards a little. The RSI period 14 has already gone below the level 50, but the price is yet to close below the EMA 56. One would need to wait for further confirmation of what the price would do before one takes a position.
EUR/JPY: There is a Bearish Confirmation Pattern on the chart, following the new ‘sell’ signal on the chart. The EMA 11 has gone below the EMA 56, as the RSI period 14 is below the level 50. Since the cross is currently weak, it is thus expected that the price would break the demand zone of 128.50 to the downside.
The material has been provided by InstaForex Company – www.instaforex.com
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