Instaforex Trading Forecasts

The EUR/USD opened this week with a minor gap-up. Price went upwards in conjunction with the extant bullish outlook, testing the resistance line at 1.0900. The next targets for bulls are located at 1.0950 and 1.1000.

EUR/USD: The EUR/USD opened this week with a minor gap-up. Price went upwards in conjunction with the extant bullish outlook, testing the resistance line at 1.0900. The next targets for bulls are located at 1.0950 and 1.1000.

USD/CHF: The USD/CHF went downwards yesterday. The downwards movement happened in solidarity with the bearish bias on the market. Price went down by 80 pips, after going briefly below the support level at 0.9850. The support level would be tested and breached once again as price goes toward another support level at 0.9800.

GBP/USD: On March 27, 2017, this currency trading instrument has already reached the price territories at 1.2550 and 1.2600 (which were the initial targets for the week). There is a strong Bullish Confirmation Pattern in the market, and given the bullish outlook on this instrument, as well as on other GBP pairs, further bullish movement is possible.

USD/JPY: Just as it was forecasted, the demand level at 110.50 was tested on Monday. The next target is the demand level at 110.00, which could be tested within the next few trading days before there is reversal in the market. Yes, it is possible for JPY pairs to reverse and go upwards significantly before the end of the month.

EUR/JPY: There is a clear Bearish Confirmation Pattern on this cross, though price made a faint bullish attempt yesterday. However, the southwards movement may be far from holding out because there could be a rally on other JPY pairs before the end of March. The EUR/JPY would also be no exception.

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The EUR/JPY consolidated from March 22 to March 31, in the context of a downtrend. Price broke southwards on March 31, closing below the supply level at 119.00 that day. The expectation of any meaningful bullish movement is now invalid, as the outlook on JPY pairs is bearish for the month April; plus the EUR/JPY would be going further and further south as EUR shows more weakness.

EUR/USD: The EUR/USD tested the resistance line at 1.0900 last week, and then nosedived to almost test the support line at 1.0650. This has now resulted in a Bearish Confirmation Pattern in the chart, and price could move further and further southwards, testing the support lines at 1.0600 and 1.0550. The outlook on EUR pairs is bearish for April, and dips would be witnessed in most cases.

USD/CHF: This pair went upwards last week, after testing the support level at 0.9850. From that support level, price went upwards by 180 pips, closing above the support level at 1.0000, which is a significant psychological level. The next targets for this week are located at the resistance levels of 1.0050 and 1.0100, which would render the recent bearish outlook on the market invalid. The movement on the USD/CHF would largely be determined by whatever happens to the EUR/USD.

GBP/USD: In spite of what happened here last week, the Cable remains bullish. Price went slightly upwards in the beginning last week and then fell towards the accumulation territory at 1.2400 and then rose towards the distribution territory at 1.2550. Price would rise further upwards, testing the distribution territory at 1.2600 (which was also tested last week). GBP pairs would trend upwards and downwards strongly this month; though most movement would be downwards.

USD/JPY: This currency trading went upwards by 170 pips last week – in a bullish trend that was not as strong as it was expected. Price could go further upwards, but that would not be strong, because the hope of any significant rally on the USD/JPY is gone. In fact, the outlook on the market (as well as other JPY pairs), is bearish. Long-term long trades are not currently recommended.

EUR/JPY: The EUR/JPY consolidated from March 22 to March 31, in the context of a downtrend. Price broke southwards on March 31, closing below the supply level at 119.00 that day. The expectation of any meaningful bullish movement is now invalid, as the outlook on JPY pairs is bearish for the month April; plus the EUR/JPY would be going further and further south as EUR shows more weakness.

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The EUR/JPY has dropped by over 100 pips this week. Since March 13, 2017, price has gone down 500 pips, now below the supply zone at 118.00. There is a Bearish Confirmation Pattern in the chart, and further bearish movement is anticipated, especially in the face of a bearish outlook on JPY pairs.

EUR/USD: There is a bearish bias on the EUR/USD, and price could move further and further southwards, testing the support lines at 1.0600 and 1.0550. The outlook on EUR pairs is bearish for April, and dips would be witnessed in most cases.

USD/CHF: The USD/CHF still maintains its bullishness, despite some hidden consolidation in the market. Price is still above the important support line at 1.0000, going towards the resistance line at 1.0050 and 1.0100, which would be the targets for this week. The bullishness in the market would be logical as long as price is above the support line at 1.0000.

GBP/USD: In spite of what happened here last week, the Cable remains bullish. Price would rise further upwards, testing the distribution territory at 1.2600 (which was also tested last week). GBP pairs would trend upwards and downwards strongly this month; though certain movement would be downwards.

USD/JPY: There is a bearish signal on the USD/JPY, brought about by the bearish movement that occurred on Monday. Price is below the supply level at 111.00, and very close to the demand level at 110.50. The next target for bears are located at the demand levels at 110.00 and 109.50, which would be attained before the end of this week.

EUR/JPY: The EUR/JPY has dropped by over 100 pips this week. Since March 13, 2017, price has gone down 500 pips, now below the supply zone at 118.00. There is a Bearish Confirmation Pattern in the chart, and further bearish movement is anticipated, especially in the face of the bearish outlook on JPY pairs.

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The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. The targets for this week are thus located at the demand zones at 117.00, 116.50 and 116.00.

EUR/USD: The EUR/USD consolidated from Monday till Friday and then trended southwards on Friday. The outlook on the market (as well as other EUR pairs) is bearish. Further bearish movement is expected as price goes towards the support lines at 1.0550 and 1.0500.

USD/CHF: This pair went sideways in the first few days of last week and then trudged upwards gradually in the last few days of the week. Price has moved close to the resistance level at 1.0100. Once that resistance level at 1.0100 is breached to the upside, price would go towards another resistance levels at 1.0150 and 1.0200. The demand levels at 1.0050 and 1.0000 would try to hinder any pullbacks along the way. As long as the EUR/USD is strong, the USD/CHF would be weak.

GBP/USD: This currency trading instrument moved sideways last week. Price has moved between the distribution territory at 1.2550 and the accumulation territory at 1.2350. A movement above the distribution territory at 1.2550 is more likely than a movement below the accumulation territory at 1.2350. The outlook on this currency instrument, as well as other GBP pairs, is bullish for this month. So when there is a breakout in the market, it would most probably be in favor of bulls.

USD/JPY: Last week, this currency trading instrument consolidated between the supply level at 111.50 and the demand level at 111.00. A break above the supply level or below the demand level is anticipated this week. However, the most probable direction is towards the demand level at 110.00, and after it is breached to the downside, price would move further downwards. It should be borne in mind that the outlook on JPY pairs is bearish for this week and this month.

EUR/JPY: The EUR/JPY dropped 110 last week, testing the demand zone at 117.50 many times without being able to breach it to the downside. Price has dropped about 500 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. The targets for this week are thus located at the demand zones at 117.00, 116.50 and 116.00.

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There is a shallow bearish signal on the USD/JPY. Price is below the supply level at
111.00, and it has almost reached the demand level at 110.50. Once the demand level is breached to the downside, the next target would be the demand level at 110.00.

EUR/USD: The EUR bounced slightly upwards yesterday in the context of a downtrend. The downtrend is supposed to continue this week unless something drastic changes the outlook (especially something fundamental). The support lines at 1.0600, 1.0550 and 1.0500 remain the targets for this week.

USD/CHF: This is a bull market in spite of what is happening now. The EMA 11 is above the EMA 56, but the Williams’ % Range period 20 is currently pulling back. Unless it enters the oversold region, the Williams’ % Range is expected to go back upwards again, entering the overbought territory, as price goes further upwards.

GBP/USD: This currency trading instrument moved sideways last week; and it is still in an equilibrium phase. Price has moved between the distribution territory at 1.2550 and the accumulation territory at 1.2350. A movement above the distribution territory at 1.2550 is more likely than a movement below the accumulation territory at 1.2350. When there is a breakout in the market, it would most probably be in favor of bulls.

USD/JPY: There is a shallow bearish signal on the USD/JPY. Price is below the supply level at 111.00, and it has almost reached the demand level at 110.50. Once the demand level is breached to the downside, the next target would be the demand level at 110.00.

EUR/JPY: This cross went further south on Monday. Price has dropped about 550 pips since March 13, 2017 and further downwards movement is anticipated this week. One factor aiding the bearishness in the market is the weakness in EUR itself. The targets for this week are thus located at the demand zones at 117.00, 116.50 and 116.00.

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The EUR/USD went upwards last week, reaching the resistance line at 1.0750. The upwards movement was not significant enough to bring about a Bullish Confirmation Pattern in the market, unless the resistance line at 1.0800 is breached to the upside. The bearish correction that was experienced on Friday may bring good opportunities to go long at better prices, because the EUR/USD, as well as other EUR pairs, is expected to go further upwards this week.

EUR/USD: The EUR/USD went upwards last week, reaching the resistance line at 1.0750. The upwards movement was not significant enough to bring about a Bullish Confirmation Pattern in the market, unless the resistance line at 1.0800 is breached to the upside. The bearish correction that was experienced on Friday may bring good opportunities to go long at better prices, because the EUR/USD, as well as other EUR pairs, is expected to go further upwards this week.

USD/CHF: This currency trading instrument is neutral in the long term, and bearish in the short-term. This month, price has generally moved between the support level at 0.9900 and the resistance level at 1.0100. Movements above the psychological level at 1.0000 would cause short-term bullish signals, while movements below it would cause short-term bearish signals. For a directional bias to form in the long-term, there is a need for price to, either move above the resistance level at 1.0100 or below the support level at 0.9900.

GBP/USD: The GBP/USD moved upwards by some 370 pips last week, testing the distribution territory at 1.2900, before price moved sideways till the end of last week. The sideways movement is merely a pause in the bullish journey; for momentum is expected to rise this week, pushing price towards the distribution territories at 1.2850, 1.2900 and 1.2950. The outlook on other GBP pairs are also bearish.

USD/JPY: This pair was caught in a short-term equilibrium phase, in the context of a downtrend. The equilibrium phase may end this week as price goes further southwards, reaching the demand levels at 108.50 and 108.00. The outlook on JPY pairs is bearish for this week.

EUR/JPY: In the context of a downtrend, this cross pair rose from the demand zone at 115.00, and reached the supply zone at 117.50 (a movement of 250 pips). Price got caught in some bearish retracement on Friday, and since the outlook on JPY pairs is bearish, what happened last week may bring nice opportunities to go short at better prices. This week, the cross could reach the demand zones at 116.00, 115.50 and 115.00.

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The EUR/USD opened this week with a gap-up, which harbingers a strong movement this week. Opening gaps were also observed on other EUR pairs and JPY pairs, which are expected to trend strong this week. As for the EUR/USD, the gap is supposed to be filled soon.

EUR/USD: The EUR/USD opened this week with a gap-up, which harbingers a strong movement this week. Opening gaps were also observed on other EUR pairs and JPY pairs, which are expected to trend strong this week. As for the EUR/USD, the gap is supposed to be filled soon.

USD/CHF: The movement on the USD/CHF this week would be determined by the movement on the EUR/USD. The upwards movement in the EUR/USD would cause the USD/CHF to fall; while the downwards movement in the EUR/USD would cause the USD/CHF to fall. A rise in the USD/CHF is more likely this week.

GBP/USD: Following the sharp rise in the market last week, the Cable has moved sideways till now. However, a rise in momentum is anticipated, which would most probably favor bulls. This means that the distribution territories at 1.2850, 1.2900 and 1.2950 would be tested this week.

USD/JPY: Following a gap-up the in the market, the USD/JPY trended a bit downwards on Monday (There were also gaps on other JPY pairs, which point to serious movements this week). There has been an attempt to fill the gap on the USD/JPY, which would be filled today or tomorrow. The movement is expected to go southwards.

EUR/JPY: The gap-up on this currency cross made a shallow attempt to fill the gap. There is essentially a bullish signal in the market – a kind of Bullish Confirmation Pattern – which could be rendered useless only when the current gap is filled as price trends further southwards. Any movement contrary to that would merely serve to emphasize the current bullishness in the market.

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The USD/JPY opened with a gap-up last week, and so were other JPY pairs. Price went further upwards, reaching the supply level at 111.50, and other supply levels at 112.00, 112.50 and 113.00 might possibly be tested. The upwards gap has forced a bullish bias to occur in the market, but that may not last long, because the pair may experience a large pullback this week. The outlook on the pair is also bearish for the month of May.

EUR/USD: The EUR/USD opened last week with strong gap-up; as other EUR pairs did. Other EUR pairs moved further upwards following this gap-up – which were not filled – but the EUR/USD generally consolidated. There has been an attempt to breach the resistance line at 1.0950 to the upside, and this might meet a transitory success. However, the outlook on the market (as well as other EUR pairs), is bearish for this week. This means the gap that opened last week might eventually be filled.

USD/CHF: There is a short-term bearishness here; plus price has generally moved between the support line at 0.9900 and the resistance line at 1.0000. That was a sort of sideways movement in the context of a downtrend. This week and next, the market is supposed to move below the support levels at 0.9900 and 0.9800, reinforcing the current bearishness in the market. On the other hand, the market could go above the resistance levels at 1.0000 and 1.0100, creating a Bullish Confirmation Pattern in the 4-hour chart.

GBP/USD: The Cable went sideways from April 24 to 26 and then went further upwards to test the distribution territory at 1.2950 before closing around that distribution territory on Friday. Since April 10, price has gone upwards by 570 pips (though the most serious bullish movement occurred on April 18). The outlook on the market is bullish for this month – GBP pair may be seen going upwards in May. The distribution territories at 1.3000 and 1.3050 could be reached soon. This, nonetheless, does not rule out some bearish effort along the way, but the general movement would be bullish.

USD/JPY: The USD/JPY opened with a gap-up last week, and so were other JPY pairs. Price went further upwards, reaching the supply level at 111.50, and other supply levels at 112.00, 112.50 and 113.00 might possibly be tested. The upwards gap has forced a bullish bias to occur in the market, but that may not last long, because the pair may experience a large pullback this week. The outlook on the pair is also bearish for the month of May.

EUR/JPY: Just like other JPY pairs, this cross pair opened with a massive gap-up last week, and went further upwards on Tuesday. Price almost tested the supply zone at 122.00, and further northward journey may be experienced. However, this may not last long as the outlook on the market is bearish for this week and this month. Therefore, a serious selling pressure may assume soon.

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The USD/JPY went upwards last week, testing the supply level at 113.00. The supply level would be tested again and possibly breached to the upside, as price targets other supply level at 113.50 and 114.00. On the other hand, there is also a possibility of a bearish correction this week or next, which could threaten the existing bullish outlook.

EUR/USD: The EUR/USD moved sideways from Monday to Wednesday and then broke upwards on Thursday. Price is now close to the resistance line at 1.1000, and once it goes above it, it would go towards another resistance line at 1.1050 and 1.1100. Along the way, any show of stamina in the USD could send the market tumbling.

USD/CHF: This currency trading instrument moved lower last week – in the context of a downtrend. Price has oscillated between the resistance line at 0.9950 and the support line at 0.9850. The market would continue to go down as long as the EUR/USD goes up. However, the USD is expected to gain stamina before the end of this week or early next week. That is a factor that can reverse the movement of the market.

GBP/USD: The Cable consolidated from Monday to Wednesday, and then rose further upwards on Thursday and Friday. There is a huge Bullish Confirmation Pattern in the 4-hour chart, and further bullish movement is possible this week, which would take price towards the distribution territories at 1.3000, 1.3050 and 1.3100. The outlook on the market remains bullish for the week.

USD/JPY: The USD/JPY went upwards last week, testing the supply level at 113.00. The supply level would be tested again and possibly breached to the upside, as price targets other supply level at 113.50 and 114.00. On the other hand, there is also a possibility of a bearish correction this week or next, which could threaten the existing bullish outlook.

EUR/JPY: This cross gained 250 pips last week, now laying siege to supply zone at 124.00. Once that supply zone is broken to the upside, other supply zones at 124.50, 125.00 and 125.50 would be reached this week. There would be some pullbacks along the way, which are expected to be transitory. Only a pullback of about 300 pips could threaten the current bullish outlook.

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The USD/CHF went upwards on Monday – in the contest of a downtrend. Price is now close to the resistance level at 1.0000, which is an important level. A movement above that resistance level would threaten the existing bearish bias, while a movement above another resistance level at 1.0100 would result in a bullish outlook.

EUR/USD: The EUR/USD moved south on Monday, while the bias on the market remains bullish. A movement below the support lines at 1.0850, 1.0800 and 1.0750 would result in a bearish signal, while a rally from this point would serve to strengthen the existing bullish bias.

USD/CHF: The USD/CHF went upwards on Monday – in the contest of a downtrend. Price is now close to the resistance level at 1.0000, which is an important level. A movement above that resistance level would threaten the existing bearish bias, while a movement above another resistance level at 1.0100 would result in a bullish outlook. It has been forecasted that the USD would gain some strength this week, and this has started happening sooner.

GBP/USD: The Cable consolidated on May 8, 2017. There is a huge Bullish Confirmation Pattern in the 4-hour chart, and further bullish movement is possible this week, which would take price towards the distribution territories at 1.3000, 1.3050 and 1.3100. The outlook on the market remains bullish for the week.

USD/JPY: The USD/JPY went upwards yesterday, now above the demand level at 113.00. Price is now targeting the supply level at 113.50, and it may reach another supply level at 114.00. Further bullish effort may be witnessed before a major pullback overrides the medium-term bearishness in the market.

EUR/JPY: This cross pair is in a bullish mode. Price went upwards last week, and there is a possibility that price would go further north this week. There would be some pullbacks along the way, which are expected to be transitory. Only a pullback of about 300 pips could threaten the current bullish outlook.

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The Cable consolidated throughout last week in the context of an uptrend. Price tested the accumulation territory at 1.2850, but closed above it. A closer look at the market reveals that the uptrend is getting tired, thereby increasing chances of a large pullback, which could happen this week. A movement below the accumulation territory at 1.2800 would result in a bearish bias.

EUR/USD: The EUR/USD did not move significantly last week. The support line at 1.0850 has been tested, as price closed above the support line at 1.0900 on Friday. A movement above the resistance line at 1.1000 would strengthen the existing bullish bias, while a movement below the support line at 1.0700 would result in a clean bearish signal.

USD/CHF: This currency trading instrument went upwards by 230 pips last week, almost testing the resistance level at 1.0100, before the pullback that was witnessed on Friday. The initial bullish movement of the last few days of the week undermined the recent bearish outlook on the market; whereas the pullback that was witnessed on Friday scuttled the bullish effort of the week. There ought to be a directional movement of at last, 200 pips to the upside or downside before a directional bias can be formed. Right now, the bias is neutral in the short-term.

GBP/USD: The Cable consolidated throughout last week in the context of an uptrend. Price tested the accumulation territory at 1.2850, but closed above it. A closer look at the market reveals that the uptrend is getting tired, thereby increasing chances of a large pullback, which could happen this week. A movement below the accumulation territory at 1.2800 would result in a bearish bias.

USD/JPY: This pair went upwards by 160 pips last week, going briefly above the supply level at 114.00, and then coming down by 80 pips. Price closed below the supply level at 113.50 on Friday, moving close to the demand level at 113.00. The supply levels at 113.50, 114.00 and 114.50, could be reached this week, as price turns to rally again. Otherwise, a strong pullback would be witnessed.

EUR/JPY: In the context of a downtrend, price moved generally between the demand zone at 123.00 and the supply zone at 124.50. The market went sideways last week, and further sideways movement would result in a short-term neutral outlook. A rise in momentum is also a possibility this week, which may propel price further north (to lay emphasis on the recent bullish outlook), or propel price southwards, to create a bearish signal.

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The USD/CHF has almost generated a bearish signal in the 4-hour chart. The bearish movement began on May 12, 2017, and continued yesterday. As soon as the resistance level at 1.0000 was breached to the downside, a bearish bias was formed. A movement below the support level at 0.9950 would result in a stronger Bearish Confirmation Pattern in the market.

EUR/USD: The EUR/USD made some bullish attempt yesterday, and that action has invalidated the last short-term bearish signal in the market. Price is currently above the support line at 1.0950, going towards the resistance line at 1.1000.

USD/CHF: The USD/CHF has almost generated a bearish signal in the 4-hour chart. The bearish movement began on May 12, 2017, and continued yesterday. As soon as the resistance level at 1.0000 was breached to the downside, a bearish bias was formed. A movement below the support level at 0.9950 would result in a stronger Bearish Confirmation Pattern in the market.

GBP/USD: The Cable is still consolidating – something that was started last week. A closer look at the market reveals that the uptrend is getting tired, thereby increasing chances of a large pullback, which could happen this week. A movement below the accumulation territory at 1.2800 would result in a bearish bias.

USD/JPY: This currency trading instrument has been able to retain its bullishness in spite of its short-term sideways movement. A movement above the supply level at 114.00 would result in a stronger bullish outlook, while a movement below the demand level at 112.00 would result in bearish outlook.

EUR/JPY: This cross has been able to exert its bullish strength. Price moved further north on Monday, to continue the northwards movement it started on April 24. Price has gone upwards by over 600 pips since April 24, 2017, and this seems to just be the beginning. Only a significant pullback can serve as a threat to the bullish trend.

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The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher.

EUR/USD: The EUR/USD gained 290 pips last week, as price closed slightly above the support line at 1.1200. This week, price may target the resistance lines at 1.1250, 1.1300 and 1.1350. Some EUR pairs would trend higher, while some would trend lower this week. However, the EUR/USD is supposed to trend higher.

USD/CHF: This currency trading instrument lost 270 pips last week, closing below the resistance level at 0.9750. Price has lost 340 pips since May 12 – something that has resulted in a strong Bearish Confirmation Pattern in the market. The outlook on the USD/CHF remains bearish for this week, and further southwards movement would be witnessed as the support levels at 0.9700, 0.9650 and 0.9600 are being tested.

GBP/USD: This pair consolidated in the first few days of last week, and then trended upwards, to emphasize the recent bullish outlook on the market. Price is now above the accumulation territory at 1.3000, going towards the distribution territory at 1.3050, which should be breached this week as price rallies more and more.

USD/JPY: The USD/JPY experienced a major pullback last week. In the first few days of the week, price lost about 300 pips, before consolidating in the first few days of last week. There is a bearish outlook on the market, and it would continue to be logical as long as price does not go above the supply level at 114.00 (which would, however, require extraordinary buying pressure).

EUR/JPY: This cross pair went upwards on Monday and Tuesday, came down on Wednesday and Thursday, and then went up again on Friday. Unlike its USD/JPY counterpart, the EUR/JPY cross has not gotten bearish, and one factor helping the situation is a measure of strength in the EUR itself. Price could gain additional 200 pips this week, especially when the Yen becomes weak.

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The USD/CHF trended lower on Monday, in continuation of the bearish trend that is in place. There is a Bearish Confirmation Pattern in the market, and further decline in price is anticipated as price goes towards the support levels at 0.9700, 0.9650 and 0.9600.

EUR/USD: The EUR/USD went upwards yesterday, testing the resistance line at 1.1250. There could be some temporary pullback after this, but price is expected to continue journeying upwards, going above the resistance line at 1.1250 and going towards another resistance line at 1.3000. The resistance line at 1.3000 is the ultimate target for this week.

USD/CHF: The USD/CHF trended lower on Monday, in continuation of the bearish trend that is in place. There is a Bearish Confirmation Pattern in the market, and further decline in price is anticipated as price goes towards the support levels at 0.9700, 0.9650 and 0.9600.

GBP/USD: The Cable remains a bullish market in spite of the recent consolidation on it. Price is now around the accumulation territory at 1.3000, and it may go towards the distribution territory at 1.3050 (after the distribution territory at 1.3000 is breached to the upside). More and more northward movement is anticipated this week.

USD/JPY: The USD/JPY experienced a major pullback last week, and did nothing significant on May 22, 2017. There is a bearish outlook on the market, and it would continue to be logical as long as price does not go above the supply level at 114.00 (which would, however, require extraordinary buying pressure).

EUR/JPY: This cross pair went upwards on Monday, in the context of an uptrend. Price is currently at the demand zone of 125.00, and it may rise further, especially given the bullish expectation on JPY pairs. One factor helping the situation is a measure of strength in the EUR itself. Price could gain additional 200 pips this week, especially when the Yen becomes weak.

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The GBP/USD moved sideways from Monday to Wednesday, and then began to come down on Thursday. Price went downwards from the distribution territory at 1.3000 towards the accumulation territory at 1.2800 (a drop of 200 pips). The outlook on GBP pairs is bearish for this week and for the month of June 2017. Though the markets are supposed to become quiet in June, GBP pairs would trend seriously.

EUR/USD: This pair moved sideways last week, oscillating between the support line at 1.1150 and the resistance line at 1.1250. The resistance line at 1.1250 was tested several times without success but, it would be breached to the upside this week. The outlook on EUR pairs is bearish for June (though some EUR pairs would make bullish attempts). It is expected that the resistance line at 1.1250 would be breached to the upside this week.

USD/CHF: This currency trading instrument consolidated last week, testing the support level at 0.9700 several times without breaking it to the downside, and also not going above the resistance level at 0.9800. The Greenback is supposed to become weak this week; while the Swissie would be strong: Hence a bearish movement on the USD/CHF. The support level at 0.9700 would be breached to the downside this week as price goes further south. However, this trend would be reversed when the EUR/USD plummets in June.

GBP/USD: The GBP/USD moved sideways from Monday to Wednesday, and then began to come down on Thursday. Price went downwards from the distribution territory at 1.3000 towards the accumulation territory at 1.2800 (a drop of 200 pips). The outlook on GBP pairs is bearish for this week and for the month of June 2017. Though the markets are supposed to become quiet in June, GBP pairs would trend seriously.

USD/JPY: Last week, this currency trading instrument went between the supply level at 112.00 and the demand level at 111.00. The bias is bearish in the short-term and neutral in the long-term. The demand level at 111.00 would be breached to the downside as the instrument becomes weaker. The markets would generally become quiet in June. However, JPY pairs would trend nicely.

EUR/JPY: The EUR/JPY did not do anything significant last week, save the shallow bearish run that was seen on May 26. It is possible that price would go upwards this week, but that is limited, owing to the expected bearishness in the market. The outlook on JPY pair is bearish for June 2017, and the EUR.JPY may lose about 300 pips within the next two weeks, potentially leading to the end of the current bullish bias on the market.

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The GBP/USD dropped sharply last week, resulting in a huge Bearish Confirmation Pattern in the 4-hour chart. On Monday, there was a weak rally in the context of a downtrend, and that would turn out to be another good opportunity to sell short. Price might reach the accumulation territories at 1.2800, 1.2750 and 1.2700 this week, as it goes more and more bearish.

EUR/USD: Since it tested the resistance line at 1.1250, the EUR/USD has gone downwards by 100 pips. The downwards movement is slow and gradual, but its continuation could threaten the extant bullish bias on the market. Although the outlook on the EUR/USD is bearish for June 2017, it is possible for a transitory rally attempt to be made here.

USD/CHF: This currency trading instrument consolidated last week, and made a very weak bullish effort on May 29. The outlook on the market is bearish, and it would be difficult for price to go seriously upwards this week (in spite of the imminent weakness of the EUR/USD); owing to the expected weakness in the Greenback and the expected stamina in CHF. Please watch CHF pairs.

GBP/USD: The GBP/USD dropped sharply last week, resulting in a huge Bearish Confirmation Pattern in the 4-hour chart. On Monday, there was a weak rally in the context of a downtrend, and that would turn out to be another good opportunity to sell short. Price might reach the accumulation territories at 1.2800, 1.2750 and 1.2700 this week, as it goes more and more bearish.

USD/JPY: This pair still moves between the supply level at 112.00 and the demand level at 111.00. The bias is bearish in the short-term and neutral in the long-term. The demand level at 111.00 would be breached to the downside as the instrument becomes weaker.

EUR/JPY: A bearish signal has already been generated on the EUR/JPY cross. The market has moved below the supply zone at 124.00, now targeting the demand zones at 123.50, 122.00 and 122.50. Based on the expectation on JPY pairs for June 2017, this cross would become more and more bearish, thereby rendering the recent bullish bias completely invalid.

Performed by Azeez Mustapha,
Analytical expert
Forex | Online Forex Trading | Currency Trading | Forex Broker
InstaForex Companies Group

Daily analysis of major pairs for June 5, 2017

The GBP/USD is bullish in the long-term but neutral in the short-term. The price simply fluctuated last week, without assuming any directional movement. This week, the price would either go above the distribution territory at 1.3050 to strengthen the long-term bullish outlook; or go below the accumulation territory at 1.2700, to form a new bearish bias. This is expected to happen this week or next.

EUR/USD: The EUR/USD went upwards last week, closing above the support line at 1.1250 on June 2, and going towards the resistance line at 1.1300. The resistance line at 1.1300 may even be breached to the upside as price goes further upwards. However, there is bound to be a bearish reversal this week or next, owing to the bearish outlook on EUR pairs, which would probably materialize within the next several trading days.

USD/CHF: This is a bear market. Price went south last week, following the initial consolidation that was witnessed in first few days of the week. The market has lost about 460 pips since May 11, and this has caused a clean Bearish Confirmation Pattern in the chart. The market would continue going downwards until there is a bearish reversal on the EUR/USD – a factor that may cause the USD/CHF to spring upwards.

GBP/USD: The GBP/USD is bullish in the long-term but neutral in the short-term. The price simply fluctuated last week, without assuming any directional movement. This week, the price would either go above the distribution territory at 1.3050 to strengthen the long-term bullish outlook; or go below the accumulation territory at 1.2700, to form a new bearish bias. This is expected to happen this week or next.

USD/JPY: This pair went sideways last week, but became vividly and conspicuously bearish on Friday. Price is expected to go more and more southwards this week, reaching the demand levels at 110.00, 109.50 and 109.00. The forecasted southwards movement goes hand in hand with the bearish expectation on JPY pairs, for the month of June.

EUR/JPY: This cross pair is bullish in the long-term, and neutral in the short term. Price tested the demand zone at 123.50 last week, and then went upwards by 180 pips, before closing below the supply zone at 125.00 on Friday. This week, further bullish effort may be made, as long as EUR is strong in itself. A show of weakness in EUR may cause this cross pair to tumble.

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Daily analysis of major pairs for June 6, 2017

On Monday, the USD/JPY moved sideways in the context of a downtrend. Further sideways movement is possible, though when a breakout does occur, it would most probably be in favor of bears. This week, the demand levels at 110.00, 109.50 and 109.00 could be tested.

EUR/USD: The EUR/USD simply consolidated on June 5. There would soon be a rise in volatility, and he resistance line at 1.1300 may be breached to the upside as price goes further upwards. However, there is bound to be a bearish reversal this week or next, owing to the bearish outlook on EUR pairs, which would probably materialize within the next several trading days.

USD/CHF: There is a clean Bearish Confirmation Pattern in the USDCHF chart, signaling a possibility of further bearish movement in the market. The market would continue going downwards until there is a bearish reversal on the EUR/USD – a factor that may cause the USD/CHF to spring upwards.

GBP/USD: There is now a short-term signal on the Cable, as price manages to go above the accumulation territory at 1.2900. The next targets would be the distribution territories at 1.2950, 1.3000 and 1.3050. The long-term bias on the market remains bullish, and the bias would hold as long as there is no bearish journey of about 500 pips.

USD/JPY: On Monday, the USD/JPY moved sideways in the context of a downtrend. Further sideways movement is possible, though when a breakout does occur, it would most probably be in favor of bears. This week, the demand levels at 110.00, 109.50 and 109.00 could be tested.

EUR/JPY: This currency cross is neutral in the short-term. Price made a faint attempt to go south – yesterday. Further southwards movement may help price reach the demand zones at 124.00, 123.50 and 123.00; an event that would eventually lead to a Bearish Confirmation Pattern in the chart. The outlook on JPY pairs is bearish for June 2017.

Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group

Daily analysis of major pairs for June 12, 2017

As it was anticipated, GBP pairs underwent major pullbacks on June 9, while The EURGBP shot skywards. That was what put an end to the short-term neutrality on the GBP/USD, which lost 300 pips initially. The outlook on GBP pairs remains bearish for this week, and further southwards movement is expected as the accumulation territories at 1.2700, 1.2650 and 1.2600 are tested.

EUR/USD: This pair remains bullish, but the bullish momentum is getting weaker and weaker. The outlook on EUR pairs is bearish this week, and more bearish movement may be witnessed, which would put an end to the current bullish, but that would be when the support lines at 1.1050 and 1.1000 are breached to the downside.

USD/CHF: This currency trading instrument went sideways on Monday and Tuesday and then went upwards on Wednesday, Thursday and Friday, but that was not significant enough. This week, USD could become weak versus other currencies CHF, AUD and NZD, which means price would go down towards the support levels at 0.9650 and 0.9600. The only factor that can help the USD/CHF upwards is when the EUR/USD experiences a major pullback

GBP/USD: As it was anticipated, GBP pairs underwent major pullbacks on June 9, while The EURGBP shot skywards. That was what put an end to the short-term neutrality on the GBP/USD, which lost 300 pips initially. The outlook on GBP pairs remains bearish for this week, and further southwards movement is expected as the accumulation territories at 1.2700, 1.2650 and 1.2600 are tested.

USD/JPY: This pair went bearish from Monday to Tuesday, and then went bullish from Wednesday to Friday. Nonetheless, that was not significant enough to cause a bullish bias on the market, for the dominant bias remains bearish. The outlook on the market for this week is strongly bearish, and so it is for other JPY pairs. Bears would target the demand levels at 109.50, 109.00 and 108.50.

EUR/JPY: This cross pair dropped 150 pips last week, testing the demand zone at 123.00. The market then remained volatile for the rest of the week. This week, the market would go southwards (as it is also expected on other JPY pairs), reaching the demand zones at 123.00, 122.50 and 122.00. That would eventually lead to a clean Bearish Confirmation Pattern in the market.

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Daily analysis of major pairs for June 13, 2017

The GBP/USD is currently bouncing upwards in the context of a downtrend. Price tested the accumulation territory at 1.2650 yesterday and it has now gone above the accumulation territory at 1.2700, targeting the distribution territory at 1.2750. This kind of action is normally seen as a rally in the context of a downtrend, which cannot be overridden unless the distribution territory at 1.3000 is overcome.

EUR/USD: The outlook on EUR pairs is bearish this week, though the market has only moved sideways so far this week. More bearish movement may be witnessed this week, when volatility rises, which would put an end to the current bullish, but that would be when the support lines at 1.1050 and 1.1000 are breached to the downside.

USD/CHF: The USD/CHF did not do anything significant on Monday. There would soon be a rise in momentum, as USD could become weak versus other currencies like CHF, AUD and NZD, which means price would go down towards the support levels at 0.9650 and 0.9600. This pair cannot go up unless the EUR/USD crashes.

GBP/USD: The GBP/USD is currently bouncing upwards in the context of a downtrend. Price tested the accumulation territory at 1.2650 yesterday and it has now gone above the accumulation territory at 1.2700, targeting the distribution territory at 1.2750. This kind of action is normally seen as a rally in the context of a downtrend, which cannot be overridden unless the distribution territory at 1.3000 is overcome.

USD/JPY: There is a Bearish Confirmation Pattern in the USD/JPY 4-hour chart. The outlook on the JPY pairs is bearish for this week, and for this month. Therefore, when there is volatility in the market, it would most probably favor bears, as price is expected to go further southwards, strengthening the existing bullish bias.

EUR/JPY: This cross pair dropped 150 pips last week, testing the demand zone at 123.00. The market then remained volatile for the rest of the week, and it has remained volatile till now. This is a bear market and price is expected to go more and more southwards.

Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group