Instaforex Trading Forecasts

The USD/CHF made a faint bullish effort last week, testing the resistance line at 0.9800, after which price bent downwards in a slight bearish correction. There is a precarious bullish signal in the 4-hour chart, but price needs to go further upwards so that the bullish signal can continue to be valid. A continuous bearish correction could cancel the bullish signal.

EUR/USD: This pair went upwards by 150 pips last week, in a context of a downtrend. A movement of another 200 pips to the upside would result in a Bullish Confirmation Pattern. However, since the outlook on this pair is bearish for this week, price could experience another smooth bearish journey, which could turn out to be favorable to bears.

USD/CHF: The USD/CHF made a faint bullish effort last week, testing the resistance line at 0.9800, after which price bent downwards in a slight bearish correction. There is a precarious bullish signal in the 4-hour chart, but price needs to go further upwards so that the bullish signal can continue to be valid. A continuous bearish correction could cancel the bullish signal. Another obstacle ahead of bulls is the possibility that CHF could gain strength in the month of July, which would also cause visible effects on CHF pairs.

GBP/USD: This currency trading instrument did not effect any bullish or bearish domination last week, though everything remains in the context of a downtrend. Bears might continue proving their stamina, because the outlook on the market (and other GBP pairs), is bearish for this week. The accumulation territories at 1.3100 and 1.3050 are vulnerable.

USD/JPY: The USD/JPY only moved sideways last week, and the chances of a rising momentum are slim this week. The outlook on the market, as well as other JPY pairs, is bearish for this week and this month. Bears could thus target the demand levels at 102.00 and 101.50 this week.

EUR/JPY: This cross went upwards by 250 pips last week, but the bearish bias on the market remains valid. A northward movement of 300 pip would result in a Bullish Confirmation Pattern, while a southward movement would simply emphasize the extant bearish bias.

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This cross went upwards by 250 pips last week, but the bearish bias on the market remains valid. While price simply went flat on Monday, a northward movement of 300 pip would result in a Bullish Confirmation Pattern, while a southward movement would simply emphasize the extant bearish bias.

EUR/USD: This currency trading instrument has not assumed any directional bias this week (though that is very much likely to start this week or next week). The Bearish Confirmation Pattern in the market could be rendered useless once the price goes above the resistance line at 1.1300. Otherwise, the extant bearish outlook would be underlined again.

USD/CHF: Bears effected a faint bearish movement on this pair yesterday, and further bearish movement would result in a bearish signal in the market. Any show of strength in the EUR/USD would immediately result on more weakness on the USD/CHF. Another obstacle ahead of bulls is the possibility that CHF could gain strength in the month of July, which would also cause visible effects on CHF pairs.

GBP/USD: There is nothing significant here right now. This currency trading instrument did not effect any bullish or bearish domination last week, though everything remains in the context of a downtrend. Bears might continue proving their stamina, because the outlook on the market (and other GBP pairs), is bearish for this week. The accumulation territories at 1.3100 and 1.3050 are vulnerable.

USD/JPY: The USD/JPY only moved sideways last week, and the chances of a rising momentum are great this week. Although the price movement was clearly flat on July 4, 2016, the outlook on the market, as well as other JPY pairs, is bearish for this week and this month. Bears could thus target the demand levels at 102.00 and 101.50 this week.

EUR/JPY: This cross went upwards by 250 pips last week, but the bearish bias on the market remains valid. While price simply went flat on Monday, a northward movement of 300 pip would result in a Bullish Confirmation Pattern, while a southward movement would simply emphasize the extant bearish bias.

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GBP/USD dropped 450 pips last week, to test the low of 1.2796, before price consolidated in the last few days of the week. The bias on 4-hour, daily and weekly charts is bearish, and thus price should continue its decline. However, this week may be different, for we could see a strong rally in the context of a downtrend. The expected rally would not be strong enough to push price beyond the high of June 23, 2016.

EUR/USD: This pair moved essentially sideways throughout last week, but the bias remains bearish. There is a need for price to go above the resistance line at 1.1400, before it can be said that bulls have begun to reign in this market. There could be some serious bullish attempts this week, but they would not be able to push price beyond the resistance line at 1.1400.

USD/CHF: This currency trading instrument made a commendable effort to go upwards last week. Price first went above the support level at 0.9800, and then tested the resistance level at 0.9850. Bulls might also be able to target the resistance level at 0.9000. Nonetheless there are two obstacles along the way, which is expected stamina in CHF in the month, coupled with the possibility that USD could also lose strength this week or next.

GBP/USD: GBP/USD dropped 450 pips last week, to test the low of 1.2796, before price consolidated in the last few days of the week. The bias on 4-hour, daily and weekly charts is bearish, and thus price should continue its decline. However, this week may be different, for we could see a strong rally in the context of a downtrend. The expected rally would not be strong enough to push price beyond the high of June 23, 2016.

USD/JPY: This pair went downwards by at least, 250 pips last week. There is a Bearish Confirmation Pattern in the market, and further southward movement could be witnessed this week. The next targets for bears are located at the demand levels of 100.00, 99.50 and 99.00. The demand level at 100.00 would pose a challenge to bears; but once it is breached to the downside, further bearish movement would be seen as price goes below other demand levels beneath.

EUR/JPY: The EUR/JPY declined by 330 pips from Monday to Wednesday – only to move sideways on Thursday and Friday. The bias is bearish; just as it is bearish on other JPY pairs. Any rallies in this market ought to be ignored. They might even be taken as opportunities to go short at better prices.

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The EUR/USD pair moved essentially sideways yesterday, but the bias remains bearish. There is a need for price to go above the resistance line at 1.1400, before it can be said that bulls have begun to reign in this market. There could be some serious bullish attempts this week, but they would not be able to push price beyond the resistance line at 1.1400.

EUR/USD: This pair moved essentially sideways yesterday, but the bias remains bearish. There is a need for price to go above the resistance line at 1.1400, before it can be said that bulls have begun to reign in this market. There could be some serious bullish attempts this week, but they would not be able to push price beyond the resistance line at 1.1400.

USD/CHF: This market is yet to go above the resistance level at 0.9850. Bulls might also be able to target the resistance level at 0.9000. Nonetheless there are two obstacles along the way, which is expected stamina in CHF in the month, coupled with the possibility that USD could also lose strength this week or next.

GBP/USD: GBP/USD only moved sideways last On Monday – in the context of a dominant bearish outlook. We could see a strong rally in the context of a downtrend this week. The expected rally would not be strong enough to push price beyond the high of June 23, 2016. The bearish movement appears to have thinned out in the short-term.

USD/JPY: This currency trading instrument went upwards 250 pips on July 11, 2016. With additional bullish movement of 300 pips, the bias would turn bullish, and there would have been a Bullish Confirmation Pattern in the market by then. However, there is a still a possibility of bearish movement this week.

EUR/JPY: This cross also went upwards by 250 pips yesterday, but the bias remains bearish. A movement of another 300 pips to the upside would result in a clean bullish signal in the market. However, there is also a possibility of further bearish movement before the end of the week.

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The EUR/JPY cross went upwards by 700 pips last week, reaching the supply zone at 118.00. Price got corrected by 220 pips on Friday, although that has not violated the Bullish Confirmation Pattern in the 4-hour chart. Price could go upwards from here, but that does not rule out the possibility of bearish threats.

EUR/USD: This currency trading instrument went flat throughout last week, without going above the resistance line at 1.1200, nor going below the support line at 1.1000. A breakout is imminent this week, which would most probably be in favor of bulls. This means that the resistance line at 1.1200 could be broken to the upside this week.

USD/CHF: This pair is still making effort to trend upwards, though it came under a serious challenge on Wednesday and Thursday. Bulls need to prevent the price from moving below the support level at 0.9700 – an event that could cause a “sell” signal to form in the market. There are other two challenges to his pair this week: USD could become weak and CHF could amass some stamina. All these threats could result in a “sell” signal this week.

GBP/USD: This pair moved upwards by 550 pips last week, just like other GBP pairs (GBP/NZD moved upwards by 1100 pips, while GBP/JPY moved upwards by 1300 pips, all in last week). Further bullish movement is expected this week, which could result in a bullish signal in case price goes upwards by another 500 pips. However, it would take a long time before the bias on daily and weekly charts become bullish.

USD/JPY: Contrary to expectation at the beginning of last week, USD/JPY, just like other JPY pairs, moved upwards significantly. USD/JPY moved upwards 560 pips last week, getting corrected lower on Friday. This week, price would either move above the supply level at 106.00, or go below the demand level at 103.00.

EUR/JPY: The EUR/JPY cross went upwards by 700 pips last week, reaching the supply zone at 118.00. Price got corrected by 220 pips on Friday, although that has not violated the Bullish Confirmation Pattern in the 4-hour chart. Price could go upwards from here, but that does not rule out the possibility of bearish threats.

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The EUR/USD went flat throughout last week and on Monday, without going above the resistance line at 1.1200, nor going below the support line at 1.1000. A breakout is imminent this week, which would most probably be in favor of bulls. This means that the resistance line at 1.1200 could be broken to the upside this week.

EUR/USD: This currency trading instrument went flat throughout last week and on Monday, without going above the resistance line at 1.1200, nor going below the support line at 1.1000. A breakout is imminent this week, which would most probably be in favor of bulls. This means that the resistance line at 1.1200 could be broken to the upside this week.

USD/CHF: The USD/CHF simply consolidated on July 18 – in the context of an uptrend. A movement below the support level at 0.9700 could result in a bearish outlook, and in case bulls are able to push price upwards, the next targets could be the resistance levels at 0.9850 and 0.9900.

GBP/USD: This currency trading instrument moved upwards last week; and further bullish movement is expected this week, which could result in a bullish signal in case price goes upwards by another 500 pips. However, it would take a long time before the bias on daily and weekly charts become bullish.

USD/JPY: This currency trading instrument made some attempt to go further upwards yesterday, now above the demand level at 106.00. Bulls might be able to target the supply levels at 106.50, 107.00 and 107.50. This bullish bias would hold as long as price does not go below the demand levels at 105.00 and 104.50.

EUR/JPY: on Monday, the movement of the EUR/JPY was similar to the movement of USD/JPY. There is a Bullish Confirmation Pattern in the market and price could go further upwards. This bullish bias would hold as long as price does not go below the demand zones at 105.00 and 104.50.

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The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

EUR/USD: This pair moved south 100 pips, closing just above the support line at 1.0950. There is a “sell” signal in the 4-hour chart and there is a high probability that price would go further downwards this week, especially in the face of expected stamina in USD, which would aid bears.

USD/CHF: The USD/CHF has been able to maintain its bullishness. There is a Bullish Confirmation Pattern in the chart, and further upwards movement is possible. Price has gone above the support level at 0.9850, testing the resistance level at 0.9900. Despite several bullish attacks, the resistance level is yet to be broken to the upside. However, that objective could be realized this week.

GBP/USD: The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

USD/JPY: This market first went upwards 200 pips, topping at 107.48. Further bullish signal was rejected at that point and price began to be corrected to the downside – at least by 150 pips. However, this has not rendered the bullish bias invalid (expect price drops by another 150 pips). Additional drop is thus expected this week because JY pairs might come under selling pressure anytime in the week.

EUR/JPY: There are mixed signal on this cross. It simply consolidated to the downside last week, but things have not gone completely bearish. That expectation could come to fruition this week; owing to a possible weakness in JPY pairs. Thus, bears might be able to target the demand zones at 116.00, 115.50 and 115.00 this week.

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The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This stance has not changed this week. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

EUR/USD: This pair made a faint effort to go upwards yesterday, but nothing has really changed. There is a “sell” signal in the 4-hour chart and there is a high probability that price would go further downwards this week, especially in the face of expected stamina in USD, which would aid bears.

USD/CHF: The USD/CHF has been able to maintain its bullishness. There is a Bullish Confirmation Pattern in the chart, and further upwards movement is possible. Price has gone above the support level at 0.9850, testing the resistance level at 0.9900. Despite several bullish attacks, the resistance level is yet to be broken to the upside. However, that objective could be realized this week.

GBP/USD: The Cable traded sideways last week, not going above the distribution territory at 1.3400, nor going below the accumulation territory at 1.2950. This stance has not changed this week. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.

USD/JPY: This currency trading instrument is showing a sign of weakness – something that could jeopardize the existing bullish bias – especially in the face of the expected weakness on JPY pairs this week. Further downwards movement is a possibility and this can eventually lead to a Bearish Confirmation Pattern in the chart.

EUR/JPY: There are mixed signal on this cross. It consolidated to the downside yesterday, but things have not gone completely bearish. That expectation could come to fruition this week; owing to a possible weakness in JPY pairs. Thus, bears might be able to target the demand zones at 116.00, 115.50 and 115.00 this week.

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The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only threat to this expectation is a possible stamina in USD.

EUR/USD: This pair trended upward strongly last week, making that week see greater volatility on major pairs; unlike what happened between July 18 to 21. Price has gone upwards by 230 pips, closing above the support line at 1.1150. There is a Bullish Confirmation Pattern in the market and price is supposed to continue moving upwards, unless USD experiences a considerable amount of strength.

USD/CHF: The USD/CHF went upwards at the beginning of last week, and almost reached the resistance level at 0.9950. From that point, price declined 300 pips, to close at 0.9635 on Friday and below the resistance level at 0.9700. Price is expected to reach the support levels at 0.9650, 0.9600 and 0.9550 this week. The only threat to this expectation is a possible stamina in USD.

GBP/USD: This currency trading instrument simply moved sideways last week – in an equilibrium movement which started two weeks ago. The equilibrium phase would end this week or next, providing that price goes upwards or downwards 500 pips. This month, GBP might plummet versus JPY and USD, while going upwards versus AUD and NZD.

USD/JPY: As it was prognosticated at the beginning of last week, the USD/JPY plummeted by almost 450 pips. Selling pressure is also visible on other JPY pairs. USD/JPY is supposed to continue going downwards this week, reaching the demand levels at 101.50, 101.00 and 100.50 this week or next. The outlook on JPY pairs is also bearish for the month of August 2016.

EUR/JPY: In this market, bears are the overall winners last week. Price plummeted by 250 pips on Friday, leading to a vivid bearish signal in the market. Further southwards movement is possible: Price could reach the demand zones at 113.50, 113.00 and 112.50 this week or next.

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The GBP/USD simply moved sideways last week – in an equilibrium movement which started two weeks ago. The equilibrium phase would end this week or next, providing that price goes upwards or downwards 500 pips. This month, GBP might plummet versus JPY and USD, while going upwards versus AUD and NZD.

EUR/USD: This pair moved sideways yesterday, and may trend strongly today or tomorrow. The bias is bullish, and therefore, it is expected that price might go further upwards today, reaching for the resistance lines at 1.1200 and 1.1250. The only threat to this assumption is a possible stamina in USD, which may happen any time.

USD/CHF: The USD/CHF still shows willingness to go further south, while the major bias remains bearish. In the market, transient rallies might be viewed as opportunities to go short at slightly higher prices. Unless USD gains strength, bears would push price south, reaching the support levels at 0.9650 and 0.9600.

GBP/USD: This currency trading instrument simply moved sideways last week – in an equilibrium movement which started two weeks ago. The equilibrium phase would end this week or next, providing that price goes upwards or downwards 500 pips. This month, GBP might plummet versus JPY and USD, while going upwards versus AUD and NZD.

USD/JPY: The USD/JPY went flat on Monday. There is a Bearish Confirmation Pattern in the market, and further bearish movement is possible, especially in the face of a bearish expectation on JPY pairs. There are interesting demand levels at 101.50 and 100.50, which could be tested this week.

EUR/JPY: This is also a bear market in the short term – which should trend further downward this week in spite of bullish effort that may be witnessed along the way. Further southwards movement is possible: Price could reach the demand zones at 113.50, 113.00 and 112.50 this week or next.

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The USD/CHF went downwards on August 1 and 2, and then began a bullish journey that lasted till August 5. This happened in the context of a downtrend and it has not invalidated the downtrend, which would hold for some time. When price goes beyond the resistance level at 0.9950, a clean bullish signal would form, though that is unlikely to happen.

EUR/USD: This pair moved north on Monday and Tuesday, and then began to trend downwards from Wednesday till the end of the week. Only a movement above the resistance line at 1.1300 would lead to a “buy” signal, otherwise, this pair would remain a bearish market.

USD/CHF: The USD/CHF went downwards on August 1 and 2, and then began a bullish journey that lasted till August 5. This happened in the context of a downtrend and it has not invalidated the downtrend, which would hold for some time. When price goes beyond the resistance level at 0.9950, a clean bullish signal would form, though that is unlikely to happen.

GBP/USD: On the Cable, the bias is bearish on the 4-hour and the daily chart, with clean Bearish Confirmation Patterns on both time horizons. The outlook for this week remains bearish, though price would eventually meet some recalcitrant accumulation territories at 1.3000 and 1.2950, which would pose some challenges to bears.

USD/JPY: This currency trading instrument moved sideways last week, then went further south, and the consolidated again till Friday. The outlook on the instrument, as well as other JPY pairs, remains strongly bearish. So it would be interesting to watch the demand levels at 101.00, 100.50 and 100.00, which should be breached after much selling pressure.

EUR/JPY: This cross moved south last week – by at least around 200 pips. This slow and steady movement (or fast movement) is expected to continue this week, as bears push price towards the demand zones at 112.50, 112.00 and 111.50. Since there is a Bearish Confirmation Pattern in the market, the demand zones would be likely reached, though there may be a show of strength by bulls along the way.

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The outlook on the GBP/USD remains bearish, both in daily and 4-hour charts. In the 4-hour chart, there is a Bearish Confirmation Pattern, which means price is supposed to continue going further south. There are accumulation territories at 1.3000 and 1.2950, which are potential targets for bears this week.

EUR/USD: This pair only moved sideways on Monday, and there is nothing significant so far. Only a movement above the resistance line at 1.1300 would lead to a “buy” signal, otherwise, this pair would remain a bearish market.

USD/CHF: There is a bullish signal on the USD/CHF – as shown by the current Bullish Confirmation Pattern in the chart. Price is currently above the support level at 0.9800, and it may later reach the resistance levels at 0.9850 and 0.9900 (which are the targets for bulls this week). However, it is unlikely that price would go above these resistance levels.

GBP/USD: The outlook on the GBP/USD remains bearish, both in daily and 4-hour charts. In the 4-hour chart, there is a Bearish Confirmation Pattern, which means price is supposed to continue going further south. There are accumulation territories at 1.3000 and 1.2950, which are potential targets for bears this week. Although there are also possibilities of the price going upwards once these accumulation territories are tested.

USD/JPY: This currency trading instrument moved slightly upwards on Monday, in what could well be a rally in the context of a downtrend. The outlook on the instrument, as well as other JPY pairs, remains strongly bearish. So it would be interesting to watch the demand levels at 101.00, 100.50 and 100.00, which should be breached after much selling pressure.

EUR/JPY: What happened in the market on August 8, 2016, could well be termed as a rally in a downtrend, for a bearish journey is expected to continue this week, as bears push price towards the demand zones at 112.50, 112.00 and 111.50. Since there is a Bearish Confirmation Pattern in the market, the demand zones would be likely reached, though there may be a show of strength by bulls along the way.

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As it was forecasted last week, the GBP/USD went south by 170 pips, to close below the distribution territory at 1.2950. The outlook on the market, as well as other GBP pairs, is bearish this week, and price could test the accumulation territories at 1.2900, 1.2850 and 1.2800.

EUR/USD: This pair went upwards 130 pips last week, testing the resistance line at 1.1200, and closing below it. Price should continue going upwards: The only impediment along the way is that EUR is expected to become weak this week, causing the EUR/USD to plunge. This expectation may also happen on other EUR pairs. Once price goes below the support line at 1.1050, the outlook on the market would turn bearish.

USD/CHF: This market has gone bearish in the short-term, closing at 0.9743 on August 12, 2016. While price could continue going downwards, there is also a possibility of a rally before the end of the week, particularly when the EUR/USD trends downwards. This means that the USD/CHF would continue going south only as long as the EUR/USD is strong.

GBP/USD: As it was forecasted last week, the GBP/USD went south by 170 pips, to close below the distribution territory at 1.2950. The outlook on the market, as well as other GBP pairs, is bearish this week, and price could test the accumulation territories at 1.2900, 1.2850 and 1.2800.

USD/JPY: As it was expected, bears came out as winners last week, on this pair. Efforts by bulls to effect rallies were scuttled by bears, as they pushed price further south, thus preserving the existing bearish outlook in the market. This week, bears should continue their dominance, as rallies proffer short-selling opportunities.

EUR/JPY: This currency trading instrument consolidated throughout last week – in the context of a downtrend. The Bearish Confirmation Pattern in the market is still a valid thing, and price is expected to move further downwards this week, reaching the demand zones at 112.50 and 112.00; especially as EUR is expected to be weakened further this week.

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The GBP/USD has gone further south this week, which means the market has gone down 450 pips since August 4, 2016. There is a strong Bearish Confirmation Pattern in the chart and there is a possibility that price could go further and further south, unless there is a strong fundamental event that favors GBP or comes out very unfavorably for USD.

EUR/USD: There was another bullish attempt on this pair, yesterday. Since there is a bullish signal in the market, it is expected that price would go further upwards, testing the resistance line at 1.1250, though the resistance line at 1.1200 would need to be overcome first.

USD/CHF: There is a sell signal on the USD/CHF, which made another attempt to go south on Monday. As long as the EUR/USD is strong, the USDCHF would be bearish, unless the former drops line a stone (which is a possibility this week or next). This means that the movement of the USD/CHF would be determined by whatever happens to the EUR/USD.

GBP/USD: The GBP/USD has gone further south this week, which means the market has gone down 450 pips since August 4, 2016. There is a strong Bearish Confirmation Pattern in the chart and there is a possibility that price could go further and further south, unless there is a strong fundamental event that favors GBP or comes out very unfavorably for USD.

USD/JPY: There was nothing significant in the market on August 15, 2016. There is currently a bearish outlook on the market and this is expected to continue to hold this week. This week, bears should continue their dominance, as rallies proffer short-selling opportunities.

EUR/JPY: It can be said that the EUR/JPY consolidated yesterday, in the context of a downtrend. Price is expected to move further downwards this week, reaching the demand zones at 112.50 and 112.00; especially as EUR is expected to be weakened further this week.

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The USD/CHF plunged into the support level at 0.9550 last week, closing above the support level. There is a Bearish Confirmation Pattern in the chart, and further downwards plunge could happen this week. However, a possible weakness in CHF, coupled with a possible weakness in the EUR/USD, might aid a significant rally in USD/CHF.

EUR/USD: The EUR/USD went upwards by 200 pips last week, and tested the resistance line at 1.1350. There is currently a shallow bearish retracement in the context of an uptrend, but price is supposed to continue going upwards this week, reaching other resistance lines at 1.1350, 1.1400 and 1.1450. A bearish movement could force price to test the support lines at 1.1250 and 1.1200.

USD/CHF: This pair plunged into the support level at 0.9550 last week, closing above the support level. There is a Bearish Confirmation Pattern in the chart, and further downwards plunge could happen this week. However, a possible weakness in CHF, coupled with a possible weakness in the EUR/USD, might aid a significant rally in USD/CHF.

GBP/USD: From Tuesday to Thursday, the Cable went north by 300 pips, reaching the distribution territory at 1.1350. Nevertheless, the upward movement is not serious enough to pose any threat to the dominant bias, which is bearish. This is even corroborated by what happened on Friday – a downwards correction by 130 pips. This week, further downwards pressure is possible because the Cable may be weak. For example, the GBP/CAD should plummet before the end of the week (owing to an expected stamina in CAD); and since GBP/USD is sometimes positively correlated with the GBP/CAD, it may experience a vivid bearish movement.

USD/JPY: It is good to check what is happening on other majors so that one can fathom the situations surrounding a trading instrument of interest. The outlook on JPY pairs is bearish in the long-term. The USD/JPY went sideways last week. It went further downwards on Monday and Tuesday and then consolidated till the end of this week. However, there should be a breakout this week, which might respect the dominant bearish trend or cause a near-term rally, especially when USD is strong.

EUR/JPY: This cross consolidated throughout last week, which was something it also did the week before last week. This has caused the bias to become neutral. The neutral bias would come to an end this week or next, when a breakout occurs, which would most probably favor bears.

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The EUR/JPY cross consolidated throughout last week, which was something it also did the week before last week. This has caused the bias to become neutral. The neutral bias would come to an end this week or next, when a breakout occurs, which would most probably favor bears.

EUR/USD: This currency trading instrument made further bullish effort yesterday, leading to a clearer bullish signal in the market. Price is currently above the support line at 1.1300; going towards the resistance line at 1.1350, which was tested yesterday and which was also tested last week, and would be tested again (and get breached to the upside).

USD/CHF: The USD/CHF did not make any significant movement on August 22, 2016. There is a Bearish Confirmation Pattern in the chart, and further downwards plunge could happen this week. However, a possible weakness in CHF, coupled with a possible weakness in the EUR/USD, might aid a significant rally in USD/CHF.

GBP/USD: This went sent upwards 100 pips on Monday, testing the distribution territory at 1.3150. That distribution territory was also tested last week, and it would be breached to the upside this week, because there is a Bullish Confirmation Pattern in the chart. There is a need for at least, 300 pips movement to the upside this week, before there can be any threat to the dominant bearish outlook.

USD/JPY: Since the middle of last week till now, the USD/JPY has moved sideways. A further sideways movement for more several trading days would eventually lead to a neutral bias in the near-term. However, there is going to be a breakout this week or next, which would most possibly favor bears.

EUR/JPY: This cross consolidated throughout last week, which was something it also did the week before last week. This has caused the bias to become neutral. The neutral bias would come to an end this week or next, when a breakout occurs, which would most probably favor bears.

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The USD/JPY consolidated from Monday to Friday, and then broke upwards on Friday. Since price has been consolidating for about two weeks, the breakout on Friday is yet to bring about any dominant bias in the short-term. The bias would turn bullish only after price goes above the supply levels at 103.00 and 103.50.

EUR/USD: This currency trading instrument found it difficult to go above the resistance line at 1.1350. Price fell sharply on Friday, causing a formidable threat to the ongoing bullish bias. A movement below the support line at 1.1100 would result in a Bearish Confirmation Pattern in the market. A movement above the resistance line at 1.1350 would strengthen the bullish outlook.

USD/CHF: This pair went upwards 170 pips last week. There are three factors that contributed to this: The USD was strong in its own right on Friday, the CHF was weak against some majors, including the USD, and the EUR/USD plummeted on Friday. As long as these factors are in effect, the USD/CHF would continue going upwards. Otherwise, price would decline.

GBP/USD: The Cable went upwards by 200 pips to test the distribution territory at 1.3250; prior to the bearish retracement that was seen on Friday. The bias on the Cable is bullish in the short-term and bearish in the long-term, and price ought to continue going northward so that the short-term bullish can be sustained. GBP pairs would experience high volatility in September.

USD/JPY: The USD/JPY consolidated from Monday to Friday, and then broke upwards on Friday. Since price has been consolidating for about two weeks, the breakout on Friday is yet to bring about any dominant bias in the short-term. The bias would turn bullish only after price goes above the supply levels at 103.00 and 103.50.

EUR/JPY: This cross has been flat for three weeks; plus the breakout that occurred on August 26, 2016, was not significant enough to bring about any news bias in the short-term. The dominant bias on higher timeframes like daily and weekly charts is bearish, and for the month of September 2016, it is expected that price would be trending lower and lower. The outlook on JPY pairs remains bearish. Therefore, any rally that was seen ought to be taken as an opportunity to sell short.

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There is a bullish signal on the USD/CHF, which has come into place since last Friday. Bulls might be able to target the resistance levels at 0.9800, 0.9850 and 0.9900 this week. In this market, any bearish retracements that occur should be taken as opportunities to go long.

EUR/USD: There is a bearish signal on the EUR/USD, which has come into place since last Friday. Bears might be able to target the support lines at 1.1150, 1.1100 and 1.1050 this week. In this market, any short-term rallies that occur should be taken as opportunities to go short.

USD/CHF: There is a bullish signal on the USD/CHF, which has come into place since last Friday. Bulls might be able to target the resistance levels at 0.9800, 0.9850 and 0.9900 this week. In this market, any bearish retracements that occur should be taken as opportunities to go long.

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GBP/USD: Price has gone down since last week, posing a threat to the recent bullish outlook in the market. A movement below the accumulation territory at 1.2950 would result in a Bearish Confirmation Pattern in the market, while a movement above the distribution territory at 1.3300 would strengthen the recent bullish bias.

USD/JPY: This pair has been making bullish attempts since August 26, 2016; an action that has resulted in a “buy” signal in the near-term. While the major bias on daily and weekly charts is bearish, there is a possibility that price might test the supply levels at 102.50, 103.50 and 104.00; even if there is going to be a pullback following that.

EUR/JPY: This cross has been making bullish attempts since the last day of last week; an action that has resulted in a “buy” signal in the near-term. While the major bias on daily and weekly charts is bearish, there is a possibility that price might test the supply zones at 115.0, 115.50 and 116.00; even if there is going to be a pullback following that.

The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 400 pips, now around the supply level at 104.00, which was tested last week and could be retested this week. This bias on this pair, as well as other JPY pairs, is bullish. Until there is a noteworthy change in the market, long trades would be logical.

EUR/USD: The EUR/USD underwent a measure of bearish activity last week. Bulls made attempt to push up the market on Thursday and Friday, but bears prevented that from happening as they halted further upward movement, thus saving the current bearish signal. Unless price goes above the resistance line at 0.9850, the bearish signal would be intact.

USD/CHF: The USD/CHF underwent a measure of bullish activity last week. Bears made attempt to push down the market on Thursday and Friday, but bulls prevented that from happening as they halted further downside movement, thus saving the current bullish bias. Unless price goes below the support level at 0.9650, the bullish bias would be intact.

GBP/USD: The Cable went sideways from Monday to Wednesday and started going upwards on Thursday and Friday. This was an upwards movement of 280 pips, and price has already tested the distribution territory at 1.3350. The bias on the market is bullish in the near-term and bearish in the long term. Other GBP pairs are also bullish (while EUR/GBP is bearish), and therefore, high volatility is expected this week.

USD/JPY: The USD/JPY cross has continued the bullish journey it started on August 26, 2016. Since then, price has gone upwards 400 pips, now around the supply level at 104.00, which was tested last week and could be retested this week. This bias on this pair, as well as other JPY pairs, is bullish. Until there is a noteworthy change in the market, long trades would be logical.

EUR/JPY: The protracted equilibrium phase that occurred on this cross ended on August 26, 2016. Since then, price has gone upwards by 300 pips, now testing the supply zone at 116.00. Once price goes above that supply zone, the next target for bulls are at the supply zones at 116.50 and 117.00.

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The EUR/JPY underwent an 85-pip pullback on Monday, in the context of an uptrend. The pullback could end up being an opportunity to buy at a lower price, for the market could go up upwards from here. As long as price does not go below the demand zone at 113.00, the bullish bias would remain valid.

EUR/USD: The EUR/USD did not undergo much activity yesterday. The bias is bearish and further downwards movement is anticipated this week, which would make price reach the support lines at 1.1100 and 1.1050 this week.

USD/CHF: This pair went flat on August 5, 2016 – while the bias on the market remains bullish. There is a Bullish Confirmation Pattern in the market, and it is expected that when the trend resumes, it would be in favor of bulls. The resistance levels at 0.9850 and 0.9900 could still be tested this week.

GBP/USD: GBP is already strengthened versus other majors (while the EUR/GBP is going downwards). There may be pullbacks along the way, which would be temporary in most cases. This means that further upwards movement is anticipated on the GBP/USD, which might reach the distribution territories at 1.3400 and 1.3450 this week.

USD/JPY: The USD/JPY experienced a minor pullback on Monday. The bias on this pair, as well as other JPY pairs, is bullish. There is a Bullish Confirmation Pattern in the market, and further northward movement is possible. Until there is a noteworthy change in the market, long trades would be logical.

EUR/JPY: The EUR/JPY underwent an 85-pip pullback on Monday, in the context of an uptrend. The pullback could end up being an opportunity to buy at a lower price, for the market could go up upwards from here. As long as price does not go below the demand zone at 113.00, the bullish bias would remain valid.

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