Technical Analysis from www.Instaforex.com

[Jeb]

fuh terbang tu gj ngan gu

 

[BudakFx]

EUR/USD:




There has been a breakout away from the recent consolidation phase on this currency trading instrument. The EMA 11 has just crossed above the EMA 56 to the upside, while the Williams' % Range period 20 is now into the overbought region. This points to bullish momentum, which may push the price further upwards.

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[BudakFx]

USD/CHF:





This currency trading instrument has continued to consolidate to the downside. The recent bullish effort on the EUR/USD applies an indirect pressure on the USD/CHF; plus the outlook may become bearish in case the price goes below the support level of 0.9600. Next week would really determine the next direction of this market.

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[BudakFx]

GBP/USD:





Now the GBP/USD pair is bullish in the medium term, having moved upwards by over 280 pips, thus leading to a Bullish Confirmation Pattern in the 4-hour chart. There is a possibility that the price may test the distribution territory around 1.5550 today or next week.

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[BudakFx]

USD/JPY:





There is a 'buy' signal on the USD/JPY, which would be valid as long as the price stays above the demand level at 120.00. The price could reach the supply levels at 121.50 and 122.50 very soon. Nevertheless, any movement below the demand level of 120.00 would render the 'buy' signal ineffectual.

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[BudakFx]

EUR/JPY:





This cross has gone upwards by 330 pips this week, closing above the demand zone around 136.00. The next target for bulls is the supply zone of 137.00. As EUR struggles for more stamina and the yen is weakened further, this cross might even experience a stronger bullish trend

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[BudakFx]

EUR/USD:






As it was anticipated, this pair broke upwards after a few days of consolidation. The price is now closer to the resistance line at 1.1350, which would be easily overcome in the face of the current buying pressure in the market. Other EUR pairs could also gain some strength this week.

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[BudakFx]

USD/CHF:





This currency trading instrument, though choppy, consolidated largely last week. The price tested the resistance level at 0.9800 several times but it could not break it to the upside. The price is currently threatening to break downwards, but this would not really happen until the price goes below the support level at 0.9600. A strong EUR/USD, coupled with a strong CHF, could scuttle all the effort of the bulls on the USD/CHF.

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[BudakFx]

GBP/USD:




The cable made some commendable effort to go upwards last week. The price moved upwards 250 pips, closing at 1.5427. With further bullish attempts, the distribution territories at 1.5500 and 1.5550 would be attained this week. After all, there is a Bullish Confirmation Pattern in the market.

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[BudakFx]

USD/JPY:





This pair moved largely sideways last week, though there was a slight movement to the upside before things went flat. There is supposed to be a breakout any day this week, which would make the price go above the supply level at 122.00 or below the demand level at 120.00. By then, there would have been a directional movement in the market.

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