EUR/USD: This pair plummeted seriously yesterday and closed below the support line at 1.3300. All the bullish gains for this week have been forfeited, plus the gains for the last week would also be forfeited. There is a new buy signal in the chart, for the recent major bias has already been successfully violated.
USD/CHF: In response to the new lease of energy in USD, this pair was forced to trend upwards, while threatening the extant bias. Should the pair continue to trend upwards, the current major bias would be rendered totally invalid. So, one needs to wait to see what the market would be doing next, before one takes an action.
GBP/USD: From the weekly high of 1.5721, the cable dropped like a stone; by approximately 300 pips. This has violated the recent outlook, which means the optimism surrounding this pair could be over. Right now, there is a bearish signal in the chart, and only short trades should be sought.
USD/JPY: Since the beginning of this week, this market has been moving upwards. Initially, it was a gradual bullish move, but it has now been a significant upwards thrust since Wednesday. The price is above the EMA 56 and the RSI period 14 is above the 50 level. This is a buy signal.
EUR/JPY: There is also a buy signal on this cross – for the cross has moved seriously upwards since Wednesday. There is a Bullish Confirmation pattern in the chart and the price is expected to continue moving upwards. It should thus be easy for the price to touch the supply zone at 129.00.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: This pair plummeted seriously yesterday and closed below the support line at 1.3300. All the bullish gains for this week have been forfeited, plus the gains for the last week would also be forfeited. There is a new buy signal in the chart, for the recent major bias has already been successfully violated.
USD/CHF: In response to the new lease of energy in USD, this pair was forced to trend upwards, while threatening the extant bias. Should the pair continue to trend upwards, the current major bias would be rendered totally invalid. So, one needs to wait to see what the market would be doing next, before one takes an action.
GBP/USD: From the weekly high of 1.5721, the cable dropped like a stone; by approximately 300 pips. This has violated the recent outlook, which means the optimism surrounding this pair could be over. Right now, there is a bearish signal in the chart, and only short trades should be sought.
USD/JPY: Since the beginning of this week, this market has been moving upwards. Initially, it was a gradual bullish move, but it has now been a significant upwards thrust since Wednesday. The price is above the EMA 56 and the RSI period 14 is above the 50 level. This is a buy signal.
EUR/JPY: There is also a buy signal on this cross – for the cross has moved seriously upwards since Wednesday. There is a Bullish Confirmation pattern in the chart and the price is expected to continue moving upwards. It should thus be easy for the price to touch the supply zone at 129.00.
The material has been provided by InstaForex Company – www.instaforex.com
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