EUR/USD: The EUR/USD has reiterated its bearish determination. The EMA 11 is below the EMA 56, and the Williams’ Percent Range has gone into the oversold area. The price is expected to trend further downwards; the support line at 1.2850 would eventually be breached to the downside.
USD/CHF: The bias on this market points northwards. The price is above thee EMAs 11 and 56, while the Williams’ Percent Range is heading upwards. The plan in hand is to go long, for the price may soon breach the resistance level at 0.9500 to the upside. After that, further bullish trend might occur.
GBP/USD: The bullish signal on the Cable is still valid, given the positions of the indicators in the chart. For this signal to continue to be valid, the price must stay above the market territory of 1.5050. In the near term, this bullish probability could take the price upwards towards the distribution territory 1.5200.
USD/JPY: The condition on this market is currently tricky, but it could safely be said that the most probable thing that could happen on the market is the plunge of the price. The USD/JPY is presently trading below the EMA 56, and the RSI period 14 has gone below the 50 level. When the bearish move resumes, it could take the price to the demand level of 94.50.
EUR/JPY: There is a Bearish Confirmation pattern on this cross, and it does not seem that it could muster enough strength to shoot upwards. The price is below the EMA 11, which itself is below the EMA 56 (while the RSI period 14 is below the 50 level). The bears would ultimately succeed in pulling the price below the demand zone of 122.00.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD has reiterated its bearish determination. The EMA 11 is below the EMA 56, and the Williams’ Percent Range has gone into the oversold area. The price is expected to trend further downwards; the support line at 1.2850 would eventually be breached to the downside.
USD/CHF: The bias on this market points northwards. The price is above thee EMAs 11 and 56, while the Williams’ Percent Range is heading upwards. The plan in hand is to go long, for the price may soon breach the resistance level at 0.9500 to the upside. After that, further bullish trend might occur.
GBP/USD: The bullish signal on the Cable is still valid, given the positions of the indicators in the chart. For this signal to continue to be valid, the price must stay above the market territory of 1.5050. In the near term, this bullish probability could take the price upwards towards the distribution territory 1.5200.
USD/JPY: The condition on this market is currently tricky, but it could safely be said that the most probable thing that could happen on the market is the plunge of the price. The USD/JPY is presently trading below the EMA 56, and the RSI period 14 has gone below the 50 level. When the bearish move resumes, it could take the price to the demand level of 94.50.
EUR/JPY: There is a Bearish Confirmation pattern on this cross, and it does not seem that it could muster enough strength to shoot upwards. The price is below the EMA 11, which itself is below the EMA 56 (while the RSI period 14 is below the 50 level). The bears would ultimately succeed in pulling the price below the demand zone of 122.00.
The material has been provided by InstaForex Company – www.instaforex.com
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