EUR/USD: The EUR/USD saw a bullish momentum last week. That momentum was protracted enough to seriously threaten the extant bearish scenario. Unless the price goes below the support line of 1.2900, the era of the bears’ hegemony could be over. However, the price must move above the resistance line of 1.3000 before it can be said that the bulls reign.
USD/CHF: This pair largely moved downwards last week, and yet, the bullish outlook is still on. Nonetheless, the bullish outlook is in a serious danger of being violated. Should the price move downwards below the support level of 0.9600, the bullish outlook will be over. Otherwise, the price should move above the resistance level of 0.9700.
GBP/USD: The Cable is a bear market, and as it was said in the last week’s analysis, any bullish attempt is a nice chance to sell short. This kind of approach would be valid as long as the price is below the EMA 56. The accumulation territory at 1.5000 remains the target for this week.
USD/JPY: There is a sell signal on the USD/JPY – the price has gone below the EMA 56 and the RSI period 14 is now below the 50 level. Should the new signal prove to be valid, it would pose as a great short selling opportunity for bears. This week, there is a minimum target at the demand level of 100.00.
EUR/JPY: At last, after serious battles between the bulls’ loyalists and the bears’ insurgents, this cross has now given way to the bears’ insurgents. There is now a clean shorting signal in the chart, and that is my assumption for this week.
The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: The EUR/USD saw a bullish momentum last week. That momentum was protracted enough to seriously threaten the extant bearish scenario. Unless the price goes below the support line of 1.2900, the era of the bears’ hegemony could be over. However, the price must move above the resistance line of 1.3000 before it can be said that the bulls reign.
USD/CHF: This pair largely moved downwards last week, and yet, the bullish outlook is still on. Nonetheless, the bullish outlook is in a serious danger of being violated. Should the price move downwards below the support level of 0.9600, the bullish outlook will be over. Otherwise, the price should move above the resistance level of 0.9700.
GBP/USD: The Cable is a bear market, and as it was said in the last week’s analysis, any bullish attempt is a nice chance to sell short. This kind of approach would be valid as long as the price is below the EMA 56. The accumulation territory at 1.5000 remains the target for this week.
USD/JPY: There is a sell signal on the USD/JPY – the price has gone below the EMA 56 and the RSI period 14 is now below the 50 level. Should the new signal prove to be valid, it would pose as a great short selling opportunity for bears. This week, there is a minimum target at the demand level of 100.00.
EUR/JPY: At last, after serious battles between the bulls’ loyalists and the bears’ insurgents, this cross has now given way to the bears’ insurgents. There is now a clean shorting signal in the chart, and that is my assumption for this week.
The material has been provided by InstaForex Company – www.instaforex.com
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