Instaforex Trading Forecasts

The EUR/JPY went downwards on Monday, now above the demand zone 121.50. Price may go upwards from here, generating a bullish signal in the short term. On the other hand, a movement below the demand zones at 121.00 and 120.00 would result in a bearish signal.

EUR/USD: This pair experienced a minor pullback on January 30, in the context of an uptrend. As long as price does not go below the support line at 1.0500, the uptrend would be valid. Normally, price may go above the resistance lines at 1.0750, 1.0800 and 1.0850 this week.

USD/CHF: The USD/CHF only went flat throughout last week, in the context of a downtrend. The market has, interestingly oscillated around the psychological level at 1.0000. Should the market stay around that level for the next several trading days, the bias on the market would turn neutral.

GBP/USD: The Cable has continued the bearish correction it started last Friday. Further bearish correction would pose a threat to the recent bullish outlook, especially when the accumulation territory at 1.2300 is breached to the downside. Should price rally significantly from here, it would help re-establish the recent bullish bias.

USD/JPY: The market went slightly downwards yesterday, just in conjunction with the extant bearish outlook. It turned out that the rally that was seen at the end of last week was simply a good opportunity to go short at better prices. There is a clean Bearish Confirmation Pattern in the market, and further southwards movement is anticipated.

EUR/JPY: The EUR/JPY went downwards on Monday, now above the demand zone 121.50. Price may go upwards from here, generating a bullish signal in the short term. On the other hand, a movement below the demand zones at 121.00 and 120.00 would result in a bearish signal.

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The USD/CHF went downwards last week, but significantly. Price is below the resistance levels at 1.0000 and 0.9950, now moving towards the support level at 0.9900, which is one of the targets for this week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is expected.

EUR/USD: The EUR/USD went upwards last week, but also not significantly. Price tested the resistance line at 1.0800 many times, but it was unable to breach it to the upside. The resistance line at 1.0800 must be breached to the upside this week, so that the bullish movement can continue, and so that risk of a serious pullback can be averted.

USD/CHF: The USD/CHF went downwards last week, but significantly. Price is below the resistance levels at 1.0000 and 0.9950, now moving towards the support level at 0.9900, which is one of the targets for this week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is expected.

GBP/USD: The Cable has been characterized by upwards and downwards swings. Last week, price generally moved between the distribution territory at 1.2700 and the accumulation territory at 1.2400. A break above the distribution territory would emphasize a bullish outlook; while a break below the accumulation territory would emphasize a bearish outlook.

USD/JPY: Here, the bias has turned bearish on 4-hour and daily charts. There is a Bearish Confirmation Pattern in the market, and further bearish journey is a possibility. There would be occasional rallies along the way, but the overall movement should be bearish this week, as bears target the demand levels at 112.00, 111.50 and 111.00 this week.

EUR/JPY: This currency trading instrument is neutral in the long-term and bearish in the short-term. There is a short-term “sell” signal in the market, and price is supposed to continue going further downwards. Further bearish movement would also result in a bearish outlook in the long-term. The first target for this week is at the demand zone at 120.50: followed by the demand zones at 120.00, and 119.50.

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The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon.

EUR/USD: The dominant bias on this market is bearish and the short-term signal is also bearish. Price moved further south last week, leading to a Bearish Confirmation Pattern as it closed below the resistance line at 1.0650 on Friday. More southwards movement is possible this week, targeting the support lines at 1.0600, 1.0550 and 1.0500.

USD/CHF: The USD/CHF has generated a valid bullish signal. The market moved sideways, but started rising gradually in the last two days of the week. Price has been able to go above the important support level at 1.0000 and it would not be easy for it to go below that level again. Further bullish movement is expected within the next several trading days.

GBP/USD: The Cable merely moved sideways last week – which has led to an equilibrium phase in the market. The sideways movement could continue this week or so… But a rise in a bearish movement is very likely and it may happen any day. There would also be a bearish movement on some other GBP pairs as well.

USD/JPY: The bias on this market is bearish, and the rally that was seen on it towards the end of the week was merely a bullish attempt in the context of a downtrend. Nevertheless, there is a possibility that a strong rally would occur this month or next (also on JPY pairs). While the demand levels at 112.50 and 112.00 may be tested, there may soon be a rise in a bullish momentum which would push the market upwards significantly.

EUR/JPY: The EUR/JPY trended downwards from Monday till Wednesday, and started going upwards on Thursday, before it got corrected on Friday. The medium-term bias is bearish, and further bearish movement is possible, which may see the market testing the demand zones at 120.00 and 119.50. On the other hand, a strong rally may happen soon.

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The EUR/USD went downwards on Monday, continuing the bearish movement that was started last week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is envisaged as price goes towards the support lines at 1.0550, 1.0500 and 1.0450 within the next few trading days.

EUR/USD: The EUR/USD went downwards on Monday, continuing the bearish movement that was started last week. There is a Bearish Confirmation Pattern in the market, and further bearish movement is envisaged as price goes towards the support lines at 1.0550, 1.0500 and 1.0450 within the next few trading days.

USD/CHF: The near-term bullish signal on this pair was established as price went above the great psychological level at 1.0000. Price is also above another support line at 1.0050, going towards the resistance line at 1.0100. This could be a beginning of a serious bullish journey that would hold out till the end of the month.

GBP/USD: This currency trading instrument is still in an equilibrium phase, which it started last week. But a rise in a bearish movement is very likely and it may happen any day. There would also be a bearish movement on some other GBP pairs as well. Long trades should not be held for a long time in this market.

USD/JPY: There is a precarious bullish signal on the USD/JPY (which was started last week). Price is currently above the demand level at 113.50, and it may even retrace further towards the demand level at 113.00. As long as price does not retrace towards the demand level at 112.00, the bullish signal would be in place. Further upwards movement (which is expected anytime soon), would reinforce the existing bullish effort.

EUR/JPY: The bias on the EUR/JPY is bearish. Bulls attempted to push price upwards yesterday, but their effort was aborted as price showed further weakness in February 13. There is a bearish signal in the market, and price could go further south, although this may soon be overturned by the expected bullish movement on JPY pairs.

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The EUR/JPY consolidated from Monday to Thursday and then broke out to the downside on Friday. Price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week.

EUR/USD: The EUR/USD went downwards from Monday till Wednesday and later bounced upwards. The upwards bounce could be seen as a good opportunity to go short, although a movement above the resistance line at 1.0750 would threaten the bearish outlook. Right now, price seems to be going south, and further southward movement would bring more emphasis on the bearish outlook.

USD/CHF: Here, it can be seen that the psychological level at 1.0000 has become insignificant because price just goes above and below it at will, while the level offers little resistance to that play. Price went below the level at 1.0000 on Thursday and then went above it on Friday. One would need to wait to see what price would do today.

GBP/USD: The GBP/USD moved sideways throughout last week. However, there would soon be a serious breakout in the market, which would most probably push it to the downside, as the outlook on GBP pairs remains bearish for February. Bullish attempts should be approached with caution here.

USD/JPY: This pair also went upwards from Monday to Wednesday, and then got corrected downwards. The downward correction remains in place; and should it go further downwards, it would generate a bearish signal (which may become particularly strong once price goes below the supply level at 112.50).

EUR/JPY: The EUR/JPY consolidated from Monday to Thursday and then broke out to the downside on Friday. Price closed below the supply zone at 120.00 on Friday, after generating a bearish signal, which may continue to hold out this week.

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On the USD/CHF, it can be seen that the psychological level at 1.0000 has become insignificant because price just goes above and below it at will, while the level offers little resistance to that play. Price did not significant on Monday, but a rise in momentum may be witnessed very soon.

EUR/USD: This pair did nothing significant on Monday: It only moved sideways in the context of a bearish outlook. Some considerable movement might occur this week, but it may not be as significant as what we would see next week. Further bearish movement is expected in the market, as price targets the support lines at 1.0600, 1.0550 and 1.0500.

USD/CHF: Here, it can be seen that the psychological level at 1.0000 has become insignificant because price just goes above and below it at will, while the level offers little resistance to that play. Price went below the level at 1.0000 on Thursday and then went above it on Friday. One would need to wait to see what price would do today.

GBP/USD: The GBP/USD moved sideways throughout last week (plus Monday). However, there would soon be a serious breakout in the market, which would most probably push it to the downside, as the outlook on GBP pairs remains bearish for February. Bullish attempts should be approached with caution here.

USD/JPY: This currency trading instrument simply went flat yesterday, and the position of the market is currently dicey. The bias is not very bullish or very bearish (at least in the short-term). It is OK to wait for price to assume a protracted directional movement, which would most probably be in favor of bulls in the long run.

EUR/JPY: This cross pair also did nothing significant on February 20, 2017. The near-term bias is bearish, and there is likelihood that price could go further downwards today or tomorrow, reaching the demand zones at 119.50 and 119.00. As it has often been mentioned, this does not rule out the possibility of a strong pullback that may occur very soon.

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The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50.

EUR/USD: The EUR/USD is in a short-term downtrend, though price made some weak bullish attempts on Thursday and Friday. The outlook on the market is bearish, and so, the recent bullish attempt happened in the context of a downtrend, which is a good opportunity to go short at better prices.

USD/CHF: The USD/CHF, which is in a short-term uptrend, pulled back Friday. The pullback could end up being a good opportunity to buy long at a better price. The market could still reach the support levels at 1.0100 and 1.0150 within the next several trading days.

GBP/USD: The bias on the Cable is essentially flat. The market has consolidated for about three week, oscillating between the accumulation territory at 1.2300 and the distribution territory at 1.2600. Price must go above that distribution territory or below the accumulation territory before the current neutral bias can be considered as over. There is going to be an end to the neutrality before the end of March.

USD/JPY: This pair moved sideways last week, and then trended downwards on Thursday and Friday, which has generated a “sell” signal in the market. The outlook is neutral in the medium-term and bearish in the short-term. Price is supposed to trend further downwards, but that does not rule out a possibility of a strong bullish breakout (which may also occur on other JPY pairs).

EUR/JPY: The EUR/JPY dived by over 180 pips last week, closing below the supply zone at 118.50 on Friday. There is a clean Bullish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50.

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The USD/CHF is currently trading above the support level at 1.0050, now close to the resistance level at 1.0100. The outlook on the market is bullish and price could test additional resistance levels at 1.0150 and 1.0200 this week.

EUR/USD: The EUR/USD did not trend yesterday, though the outlook on the market is bearish. It is expected that price would continue going south this week, reaching the support lines at 1.0550, 1.0500 and 1.0450. The outlook on other EUR pairs is also bearish and they can trend seriously downwards this week or next.

USD/CHF: The USD/CHF is currently trading above the support level at 1.0050, now close to the resistance level at 1.0100. The outlook on the market is bullish and price could test additional resistance levels at 1.0150 and 1.0200 this week.

GBP/USD: The bias on the Cable is essentially flat. The market has consolidated for about three week, oscillating between the accumulation territory at 1.2300 and the distribution territory at 1.2600. Price must go above that distribution territory or below the accumulation territory before the current neutral bias can be considered as over. There is going to be an end to the neutrality before the end of March.

USD/JPY: There was a slight rally on this currency trading instrument on Monday – which happened in the context of a downtrend. A movement below the demand level at 112.00 would reinforce the existing bearish bias. A movement above the supply level at 114.00 would render the bearish bias invalid.

EUR/JPY: On February 27, the EUR/JPY also attempted to rally, and that can turn out to be a good opportunity to sell short again. There is a clean Bearish Confirmation Pattern in the 4-hour chart, and further dive is possible this week, which may take price towards the demand zones at 118.00, 117.50 and 116.50.

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The EUR/JPY moved up by 270 pips last week, closing above the demand zone at 121.00. There is a strong Bullish Confirmation Pattern in the 4-hour chart, and further upwards movement is expected this month, which would take price towards the supply zones at 121.50, 122.00 and 122.50.

EUR/USD: This market moved slightly south last week, reaching support line at 1.0500, and then bouncing upwards on Friday. The upwards bounce is supposed to be a temporary rally in the context of a downtrend, unless price goes above the resistance line at 1.0700 (which would inevitably lead to a new bullish outlook).

USD/CHF: There is a faint bullish signal on this pair, and price would continue going upwards only as long as the EUR/USD continues moving south (irrespective of occasional rally attempts on the latter). A movement below the support level at 1.0000 would lead to a bearish signal, while a movement above the resistance level at 1.0150 would reinforce the extant bullishness.

GBP/USD: The GBP/USD moved south by around 230 pips last week; thus ending the recent neutral bias on the market. Price bounced upwards on Friday, but that would most probably turn out to be an opportunity to go long in the market, while things are on sale. There is a Bearish Confirmation Pattern in the market, and the outlook on other GBP pairs is also bearish for the week.

USD/JPY: This currency trading instrument trended upwards by 250 pips last week – from the demand level at 112.00 to the supply level at 114.50. There is a clean bullish signal in the market, which has come as a result of a bullish expectation on this instrument (as well as on other JPY pairs). The supply levels at 115.00 and 115.50 could be tested this week, and those are the initial targets for this week.

EUR/JPY: The EUR/JPY moved up by 270 pips last week, closing above the demand zone at 121.00. There is a strong Bullish Confirmation Pattern in the 4-hour chart, and further upwards movement is expected this month, which would take price towards the supply zones at 121.50, 122.00 and 122.50.

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This week, the Cable has gone south by almost 100 pips. Price has gone down 280 pips since February 27, 2017. The Bearish Confirmation Pattern in the chart is very strong, and price can test the accumulation territories at 1.2150, 1.2100 and 1.2050 this week.

EUR/USD: This pair want slightly downwards on Monday. Further downwards movement is expected today and tomorrow, which would make price reach the support lines at 1.0550, 1.0500 and 1.0450. The bearish expectation is in conjunction with the current bias in the market, which is bearish for this week and this month.

USD/CHF: The USD/CHF has tested the resistance level at 1.0150, and it is bound to test it once again. Bulls are willing to push price beyond that resistance level, targeting another resistance levels at 1.0200 and 1.0250. There are support levels at 1.0100 and 1.0050, which would act as impediments to bearish attempts.

GBP/USD: This week, the Cable has gone south by almost 100 pips. Price has gone down 280 pips since February 27, 2017. The Bearish Confirmation Pattern in the chart is very strong, and price can test the accumulation territories at 1.2150, 1.2100 and 1.2050 this week.

USD/JPY: This currency trading instrument did nothing significant on Monday. However, there is a clean bullish signal in the market, which has come as a result of a bullish expectation on this instrument (as well as on other JPY pairs). The supply levels at 115.00 and 115.50 could be tested this week, and those are the initial targets for this week.

EUR/JPY: This cross merely consolidated yesterday. There is a strong Bullish Confirmation Pattern in the 4-hour chart, and further upwards movement is expected this month, which would take price towards the supply zones at 121.50, 122.00 and 122.50. On the other hand, a serious weakness in EUR may cause further pullback in the market.

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The EUR/JPY moved sideways in the first few days of last week, and then broke northwards, gaining about 280 pips. Price closed at 122.51 on Friday, ready to go further northwards. This week, the outlook on JPY pairs is bullish and EUR/JPY is expected to continue going upward, by at least, another 200 pips. Another factor that could help the cross is the stamina in the EUR itself.

EUR/USD: From Monday to Thursday, this currency trading instrument went gradually south. But further southwards movement was halted as price shot upwards by 170 pips from the low of last Thursday. This has resulted in a “buy” signal, and the next target for price to reach is the resistance line at 1.0700. Then price would go towards the resistance lines at 1.0750 and 1.0800. USD is supposed to be weak this week – a factor that can help the EUR/USD to rally further.

USD/CHF: There is a weak bullish bias on the USD/CHF. Price managed to trudge upwards last week, reaching the resistance level at 1.0150, and battering it several times without being able to breach it to the upside. Price was corrected lower on Friday, and further correction is possible, which would enable price to reach the support lines at 1.0050 and 1.0000. Another factor that can bring about this expectation is the fact that USD may be weakened this week. Then, as long as the EUR/USD is going upwards, USD/CHF may find it difficult to go upwards.

GBP/USD: This pair has gone south by 130 pips this week; having gone south by 310 pips since February 27, 2017. It looks like the accumulation territory at 1.2150 has become strong enough to prevent further southwards journey, after being battered unsuccessfully by bears. The outlook on USD is weak for this week, and this could be a factor that can cause some rally here.

USD/JPY: Just like the EUR/JPY, the USD/JPY also went sideways last week, and then moved upwards. On Friday, price closed below the supply level at 115.00. This week, price could go upwards, but this effort could be scuttled by the expected weakness in USD. There are supply levels at 116.00, 115.50 and 115.00. There are also demand levels at 114.50, 114.00 and 113.50.

EUR/JPY: The EUR/JPY moved sideways in the first few days of last week, and then broke northwards, gaining about 280 pips. Price closed at 122.51 on Friday, ready to go further northwards. This week, the outlook on JPY pairs is bullish and EUR/JPY is expected to continue going upward, by at least, another 200 pips. Another factor that could help the cross is the stamina in the EUR itself.

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The GBP/USD made some faint bullish effort on Monday – in the context of a downtrend. Unless price moves upwards by at least, 300 pips, there may not be a threat against the trend. Price is expected to drop further from here, testing the accumulation territories at 1.2200 and 1.2150 again.

EUR/USD: The EUR/USD tested the resistance line at 1.0700 yesterday, and then pulled back a bit. There is still a bullish bias on the market, which could potentially make the shallow pullback to turn out to be another opportunity to buy long when things are temporarily on sale, and in the context of a downtrend.

USD/CHF: The GBP/USD continues to drop further – albeit gradually. Price has dropped almost 80 pips since testing the resistance level at 1.0150. For bears, there are easy targets, located at the support levels at 1.0050 and 1.0000. As long as the EUR/USD goes upwards, the USD/CHF would go downwards.

GBP/USD: The GBP/USD made some faint bullish effort on Monday – in the context of a downtrend. Unless price moves upwards by at least, 300 pips, there cannot be a threat against the trend. Price is expected to drop further from here, testing the accumulation territories at 1.2200 and 1.2150 again.

USD/JPY: This week, this pair could go upwards, but this effort could be scuttled by the expected weakness in USD. There are supply levels at 116.00, 115.50 and 115.00. There are also demand levels at 114.50, 114.00 and 113.50.

EUR/JPY: This currency cross is in a bullish mode. The slight pullback that was witnessed yesterday was not a significant thing. While the demand zones at 122.00 and 121.50 could be tested this week, price is generally expected to trend upwards, reaching the supply zones at 122.50, 123.00 and 123.50.

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The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. Price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, for the outlook on EUR is bearish for the week.

EUR/USD: The EUR/USD went north last week – just as it was predicted. Although the market went south on Monday and Tuesday, it went northward in the last few days of last week. Price went briefly above the resistance line at 1.0750 and later closed below it on Friday. This week, some vivid correction is expected, for the outlook on EUR is bearish for the week.

USD/CHF: This pair moved sideways from Monday till Wednesday and then plummeted on Thursday. Price went down by 150 pips, testing the support level at 0.9950. The USD/CHF is supposed to continue going downwards as long as the EUR/USD is going upwards, although things may reverse this week.

GBP/USD: As it was anticipated, the Cable went upwards last week. A factor that was responsible for this is the weakness in USD, for the Cable is weak in its own right. From the accumulation territory at 1.2150, price went upwards by 250 pips, closing at 1.2395, after testing the distribution territory at 1.2400. This week, there could be a reversal in the market, especially when USD shows some strength.

USD/JPY: This currency trading instrument went sideways in the first few days of last week, and then dropped like a stone. What brought about this is the weakness in USD, which brought about the southwards journey in the market. Price went south by 220 pips last week, and further southwards journey is possible. However, there could be a rally before the end of the month, for the outlook on JPY pairs is bullish.

EUR/JPY: This cross pair consolidated to the downside last month. Apart from this, the overall movement was essentially flat. The fact that the cross did not trend upwards last week, reveal some hidden stamina in JPY. This week, more consolidation would bring about a neutral outlook on the market, although it is possible that JPY pairs would rally soon.

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There is a short-term bearish signal on the EUR/JPY. Price went down yesterday and it is now under the supply zone at 121.00. There is a possibility that the demand zones at 120.50 and 120.00 would be tested this week.

EUR/USD: This currency trading instrument went north last week, testing the resistance line at 1.0750. The outlook on the market is bullish, especially as long as USD is weak. The next targets for bulls are located at the resistance lines of 1.0800 and 1.0850, but that does not rule out a possibility of pullbacks along the way.

USD/CHF: This pair did not trend seriously on Monday, though there is a Bearish Confirmation Pattern in the market. The market is supposed to continue going downwards as long as the EUR/USD is going upwards, although things may reverse this week.

GBP/USD: Last week, the weakness in USD caused the Cable to rise, enabling a bullish bias to form in the market. From the accumulation territory at 1.2150, price went upwards by 250 pips, closing at 1.2395 on Friday, after testing the distribution territory at 1.2400. Price did nothing significant yesterday. This week, there could be a reversal in the market, especially when USD shows some strength.

USD/JPY: A bearish signal has been generated on the USD/JPY since last week, which has caused a Bearish Confirmation Pattern in the market. Price may go further southward to test the demand levels at 112.00 and 11.50. However, there could be a rally before the end of the month, for the outlook on JPY pairs is bullish.

EUR/JPY: There is a short-term bearish signal on the EUR/JPY. Price went down yesterday and it is now under the supply zone at 121.00. There is a possibility that the demand zones at 120.50 and 120.00 would be tested this week.

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The EUR/USD moved slightly upwards last week, testing the resistance line at 1.0800 many times, without being able to close above it on Friday. Price may eventually go above the resistance line at 1.0800, but there may not be protracted bullish movement after that, because there are high chances of EUR pairs getting weak this week.

EUR/USD: The EUR/USD moved slightly upwards last week, testing the resistance line at 1.0800 many times, without being able to close above it on Friday. Price may eventually go above the resistance line at 1.0800, but there may not be protracted bullish movement after that, because there are high chances of EUR pairs getting weak this week.

USD/CHF: The USD/CHF moved downwards last week, testing the support level at 0.9900 many times, without being able to close below it on Friday. Price may eventually go below the resistance level at 0.9900 but there may not be protracted bearish movement after that (especially when the EUR/USD loses stamina). Price is already below the great psychological level at 1.0000, and may face some challenge in going above it, although expected weakness in CHF may help stabilize the market.

GBP/USD: Last week, this currency trading instrument went upwards, reaching the distribution territory at 1.2500. There is a lot of activity around that distribution territory, which would soon be breached to the upside, as price goes towards another distribution territories at 1.2550 and 1.2600. The outlook on GBP pairs is bullish this week, and the GBP/USD is no exception.

USD/JPY: Last week, price dropped by 150 pips. The USD/JPY has been trending downwards since March 10, 2017, having gone down more than 430 pips since then, and now it is active around the demand level at 111.00. Another demand zone at 110.50 and 110.00 could be tested within the next few trading days before there is reversal in the market.

EUR/JPY: There is a clear Bearish Confirmation Pattern on this cross, which moved downwards last week, testing the demand zone at 119.50. Once the demand zone is breached to the downside, price would move towards another demand zones at 119.00 and 118.50. 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/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.

Performed by Azeez Mustapha,
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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.

Source: instaforex.com

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.

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

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.

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