EUR/USD: After some period of the early week consolidation, this pair has now defined its next journey. The Williams’ % Range is in the overbought region and the EMAs also support bullish scenario validity. There is a bullish signal in the market and the price could go towards the resistance line at 1.3200.
USD/CHF: Disappointingly, this instrument is not attractive enough to be traded. For one to trade profitably, the market needs to move in a predictable manner. There is no clear signal in the market right now – the Williams’ % Range, EMAs and the price action do not agree together. However, should the price fall further downwards, a ‘sell’ signal could be in place.
GBP/USD: Here, the cable is in a clear northward bias. During the recent significant bearish correction on the chart, the bullish outlook was nearly frustrated. From the accumulation territory of 1.5450, the price has gone upwards by around 100 pips. The Bullish Confirmation Pattern in the markets still holds.
USD/JPY: On this pair, the market has been consolidating to the downside – in the context of a bullish scenario. One should keep one’s finger crossed until the market’s plan is figured out. Would the price go up today or would there be a new bearish indication? What happens today would determine whether to go long or short.
EUR/JPY: This instrument remains in a bullish mode, and should break out upwards as soon as the current consolidation period is over. Yes, the price is still consolidating in a context of a downtrend (since there is still a Bullish Confirmation Pattern on the chart). There is one a great demand zone at 129.00.
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The material has been provided by InstaForex Company – www.instaforex.com
EUR/USD: After some period of the early week consolidation, this pair has now defined its next journey. The Williams’ % Range is in the overbought region and the EMAs also support bullish scenario validity. There is a bullish signal in the market and the price could go towards the resistance line at 1.3200.
USD/CHF: Disappointingly, this instrument is not attractive enough to be traded. For one to trade profitably, the market needs to move in a predictable manner. There is no clear signal in the market right now – the Williams’ % Range, EMAs and the price action do not agree together. However, should the price fall further downwards, a ‘sell’ signal could be in place.
GBP/USD: Here, the cable is in a clear northward bias. During the recent significant bearish correction on the chart, the bullish outlook was nearly frustrated. From the accumulation territory of 1.5450, the price has gone upwards by around 100 pips. The Bullish Confirmation Pattern in the markets still holds.
USD/JPY: On this pair, the market has been consolidating to the downside – in the context of a bullish scenario. One should keep one’s finger crossed until the market’s plan is figured out. Would the price go up today or would there be a new bearish indication? What happens today would determine whether to go long or short.
EUR/JPY: This instrument remains in a bullish mode, and should break out upwards as soon as the current consolidation period is over. Yes, the price is still consolidating in a context of a downtrend (since there is still a Bullish Confirmation Pattern on the chart). There is one a great demand zone at 129.00.
The material has been provided by InstaForex Company – www.instaforex.com
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