EUR/USD: There is a "sell" signal on the EUR/USD pair. The EMA 11 has crossed the EMA 56 to the downside, and the Williams' % Range period 20 is in the oversold territory. The support line at 1.1750 has been tested and it would be tested again, as price goes towards another support line at 1.1700.
USD/CHF: There is a "buy" signal on the USD/CHF pair. The EMA 11 has crossed the EMA 56 to the upside, and the Williams' % Range period 20 is in the overbought territory. The resistance level at 0.9800 has been tested and it would be tested again, as price goes towards another resistance level at 0.9850.
GBP/USD: There is a short-term bearish signal on the GBP/USD. Price has moved downwards by 110 pips this week, and it could continue going further downwards, reaching the accumulation territories 1.3150 and 1.3100. There is a Bearish Confirmation Pattern in the 4-hour chart.
USD/JPY: This currency trading instrument has bounced upwards in the context of a short-term downtrend. Further upwards movement above the supply level at 113.00 would result in a bullish bias. That is the expectation for today and tomorrow, for the JPY is now showing some signs of weakness.
EUR/JPY: This cross has done nothing significant this week. It is possible that price would continue to go downwards towards the demand zones at 132.00 (which was previously tested), 131.50 and 131.00. A northwards movement of 150 pips from here would render this expectation invalid.
No comments:
Post a Comment