EUR/USD: The
EUR.USD is in an equilibrium phase. There could be a breakout later this week
or earlier next week, which would take price above the resistance line at
1.1300 or below the support level at 1.1150. This is the condition for bullish
or a bearish bias to form in the market: As long as price is below the
resistance level or above the support level, the equilibrium phase would hold.

1.png

USD/CHF: The USD/CHF is in an
equilibrium phase. There could be a breakout later this week or earlier next week,
which would take price above the resistance level at 0.9850 or below the
support level at 0.9650. This is the condition for bullish or a bearish bias to
form in the market: As long as price is below the resistance level or above the
support level, the equilibrium phase would hold.

2.png

GBP/USD: This currency trading
instrument is still in an uncertain environment. Bears are trying to push price
south, but bulls are also trying to frustrate their effort. A strong directional
movement, like 300 pips to the upside or to the downside, would be needed to
bring about a bias in the market.

3.png

USD/JPY: In the 4-hour chart,
the USD/JPY is neither bullish nor bearish. This is a kind of market in which the
scalper thrives. A rise in momentum is anticipated, but this then, position
traders may stay out of the market.

4.png

EUR/JPY: The vagaries of the EUR/JPY
has reared up its head, as the market is volatile but directionless in the
short-term. There is currently no Bullish or Bearish Confirmation Pattern in
the 4-hour chart until there is a movement of at least 300 pips to the upside
or to the downside.

5.png

The material has been provided by InstaForex Company – www.instaforex.com

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