EUR/USD: At this juncture, one would do well to pay both attention and respect to what the chart is saying, as respected by the indicators. After the bullish threat that started at the beginning of this week, the market has the tendency to continue its bearish journey, and it may soon test the support line at 1.3000.
USD/CHF: In the opposite manner to what EUR/USD would be doing, this pair is expected to trend higher this week. It is highly probable that the price would be trading above the market level of 0.9400 at the end of Wednesday or Thursday. This is because the price action and the indicators in the chart support a northward outlook.
GBP/USD: The Cable is weak, and would, surprisingly, continue to be weak. This is simply because of the extant southward bias, for the optimism surrounding the Cable has long expired. It is thus hoped that the price would be able to test the accumulation territory of 1.5350 once again, though it is also hoped that it would break it to the downside.
USD/JPY: USD/JPY has been moving in the direction of the present signal on the market (which is a bullish signal). This eventually shows that the pullback we saw earlier this week was a good opportunity to go long. The price may test the supply level at 99.00 once again.
EUR/JPY: This cross has rejected further bearish pull, as it tries to rise up in accordance to the signal that is still valid on it. The demand zone at 127.50 has succeeded in staving off the recent bearish threats, and, as a result of this, the price may touch the supply zone at 129.00 again.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: At this juncture, one would do well to pay both attention and respect to what the chart is saying, as respected by the indicators. After the bullish threat that started at the beginning of this week, the market has the tendency to continue its bearish journey, and it may soon test the support line at 1.3000.
USD/CHF: In the opposite manner to what EUR/USD would be doing, this pair is expected to trend higher this week. It is highly probable that the price would be trading above the market level of 0.9400 at the end of Wednesday or Thursday. This is because the price action and the indicators in the chart support a northward outlook.
GBP/USD: The Cable is weak, and would, surprisingly, continue to be weak. This is simply because of the extant southward bias, for the optimism surrounding the Cable has long expired. It is thus hoped that the price would be able to test the accumulation territory of 1.5350 once again, though it is also hoped that it would break it to the downside.
USD/JPY: USD/JPY has been moving in the direction of the present signal on the market (which is a bullish signal). This eventually shows that the pullback we saw earlier this week was a good opportunity to go long. The price may test the supply level at 99.00 once again.
EUR/JPY: This cross has rejected further bearish pull, as it tries to rise up in accordance to the signal that is still valid on it. The demand zone at 127.50 has succeeded in staving off the recent bearish threats, and, as a result of this, the price may touch the supply zone at 129.00 again.
The material has been provided by InstaForex Company – www.instaforex.com
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