EURUSD: As it can be seen, EURUSD is not as strong as the Cable, but it is trying to get positively correlated with it. This is a bull market in spite of the currently sideways movement in the price. The resistance line at 1.3550 was tested last week, and it is very much likely that it would be tested again.
USDCHF: From September 19, 2013 to the present, this pair has been in an equilibrium phase. In spite of this, the outlook remains bearish. The market level at 0.9100 has been tested several times; it would, thus, be broken to the downside, especially in the face of a continued bearish bias.
GBPUSD: The Cable is about to overcome the price territory at 1.6100. It is possible for the price to go towards the distribution territory at 1.6150, which is the high that was tested last week. Generally, certain fundamental figures are also expected today. It is, thus, reasonable to expect the price to go towards the aforementioned distribution territory.
USDJPY: This currency instrument has broken out in a mean reversion mode (i.e. contrary to the dominant bias). The price has broken the EMA 56 to the upside, while the RSI period 14 has almost breached the level 50 to the upside. Should the price close above the EMA and the RSI settle above the level 50, the bias would turn bullish.
EURJPY: Since last week, the scenario on this market is essentially northward. But the recent southwards threats were strong enough to bring the bulls to their tether’s end. At the present, the price has recovered, going upwards towards the supply zone at 134.00. This is an easy initial target.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: As it can be seen, EURUSD is not as strong as the Cable, but it is trying to get positively correlated with it. This is a bull market in spite of the currently sideways movement in the price. The resistance line at 1.3550 was tested last week, and it is very much likely that it would be tested again.
USDCHF: From September 19, 2013 to the present, this pair has been in an equilibrium phase. In spite of this, the outlook remains bearish. The market level at 0.9100 has been tested several times; it would, thus, be broken to the downside, especially in the face of a continued bearish bias.
GBPUSD: The Cable is about to overcome the price territory at 1.6100. It is possible for the price to go towards the distribution territory at 1.6150, which is the high that was tested last week. Generally, certain fundamental figures are also expected today. It is, thus, reasonable to expect the price to go towards the aforementioned distribution territory.
USDJPY: This currency instrument has broken out in a mean reversion mode (i.e. contrary to the dominant bias). The price has broken the EMA 56 to the upside, while the RSI period 14 has almost breached the level 50 to the upside. Should the price close above the EMA and the RSI settle above the level 50, the bias would turn bullish.
EURJPY: Since last week, the scenario on this market is essentially northward. But the recent southwards threats were strong enough to bring the bulls to their tether’s end. At the present, the price has recovered, going upwards towards the supply zone at 134.00. This is an easy initial target.
The material has been provided by InstaForex Company – www.instaforex.com
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