EURUSD: The bullish signal on EURUSD is still a valid thing. The targets for this week are the resistance lines of 1.3600 and 1.3700 respectively. Should the price break the resistance line of 1.3600 to the upside, close above it while the buying pressure is still intact, the price may go towards the resistance line of 1.3700 this week.
USDCHF: The bearish signal on USDCHF is still a valid thing. The target for this week is the support level of 0.9000. Should the price break the support level of 0.9050 to the downside while the selling pressure remains in the market, the next target would be the support level of 0.9000 this week.
GBPUSD: There is still a bullish confirmation pattern in the chart (the EMA 11 is above the EMA 56), while the RSI period 14 is above the level 50. Generally, the market has traded sideways this week, but it is more likely that when a breakout does occur, it would be to the upside.
USDJPY: Despite the desperation of the bears here, the bias remains bullish and it may make the price go upwards towards the supply level of 100.50. The bearish retracement that happened at the beginning of this week has turned out to be a sale in the context of an uptrend, giving an excellent opportunity to buy.
EURJPY: This market will easily test the supply zone of 136.00, overcome it and close above it. The exponential weakness in the yen, together with perceptible strength in the euro, has been responsible for this. Meanwhile, there is a barrier to the bearish interest at the demand zone of 135.00.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: The bullish signal on EURUSD is still a valid thing. The targets for this week are the resistance lines of 1.3600 and 1.3700 respectively. Should the price break the resistance line of 1.3600 to the upside, close above it while the buying pressure is still intact, the price may go towards the resistance line of 1.3700 this week.
USDCHF: The bearish signal on USDCHF is still a valid thing. The target for this week is the support level of 0.9000. Should the price break the support level of 0.9050 to the downside while the selling pressure remains in the market, the next target would be the support level of 0.9000 this week.
GBPUSD: There is still a bullish confirmation pattern in the chart (the EMA 11 is above the EMA 56), while the RSI period 14 is above the level 50. Generally, the market has traded sideways this week, but it is more likely that when a breakout does occur, it would be to the upside.
USDJPY: Despite the desperation of the bears here, the bias remains bullish and it may make the price go upwards towards the supply level of 100.50. The bearish retracement that happened at the beginning of this week has turned out to be a sale in the context of an uptrend, giving an excellent opportunity to buy.
EURJPY: This market will easily test the supply zone of 136.00, overcome it and close above it. The exponential weakness in the yen, together with perceptible strength in the euro, has been responsible for this. Meanwhile, there is a barrier to the bearish interest at the demand zone of 135.00.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: