Instaforex Trading Forecasts

[Forecast]

Daily analysis of major pairs for April 3, 2018

Daily analysis of USD/CHF for April 3, 2018

USD/CHF
This trading instrument did not make any significant movement yesterday. The resistance level at 0.9550 is under siege and it is almost broken to the upside. As the EUR/USD is weakened further, the USD/CHF will go northwards, targeting the resistance levels at 0.9600 and 0.9650. A very strong buying pressure is needed to reach the resistance level at 0.9650.

The market will go upward when volatility arises. A rise in the market is expected this week, which would also be fueled by weakness in the EURUSD. The resistance levels at 0.9550, 0.9600 and 0.9650 could be reached before the end of the week.

Daily analysis of USD/JPY for April 3, 2018

USD/JPY
This pair made a slight bearish movement on April 2. There is still a weak Bullish Confirmation Pattern in the market, at least on a short-term basis. Further bearish movement would result in a confirmation of the recent bearish bias, while a movement to the upside will bring about a bullish bias on the market.

This month, there will be great volatility on JPY pairs, which would most probably favor bears. The supply level at 107.00 has thus become a major barrier for any bullish effort, as price goes downwards towards the demand levels at 106.00, 105.50 and 105.00.

Daily analysis of EUR/JPY for April 3, 2018

EUR/JPY
The EUR/JPY is bearish in the long-term, and rather neutral in the short-term. Price pulled back on Monday, and that could harbinger a rise in volatility. However, the demand zone at 130.00, which has been tested already, could be tested and get breached to the downside.

There is a higher probability that price will go southwards (in agreement with the long-term outlook) when a breakout does occur. There is still a Bearish Confirmation Pattern in the market, and that would become more important as price goes further downwards, reaching the demand zones at 129.50 and 129.00 today.

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

[Forecast]

Daily analysis of major pairs for April 8, 2018

Daily analysis of USD/CHF for April 8, 2018

USD/CHF
The pair remains bullish in the short-term (and its fate is largely subject to whatever happens to EURUSD). Price went upwards last week, almost reaching the resistance level at 0.9650, and then getting corrected lower. The short-term bullishness will be rendered ineffectual only when price goes below the support level at 0.9500.

On the other hand, a movement above the resistance level at 0.9700 will result in a stronger bullish bias on the market. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, price is expected to go further upwards, irrespective of temporary pullbacks along the way.

Daily analysis of USD/JPY for April 8, 2018

USD/JPY
The USD/JPY is bearish in the long-term, and bullish in the short-term. In the short-term, price gained 180 pips from the low of last week, reaching the supply level at 107.50. Then there was a slight bearish correction in the market, which would eventually turn out to be an opportunity to buy long at better prices. A rally is very likely this week, which would push price upwards by 200 pips.

This movement would be strong enough to override the long-term bearishness in the market. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, price is expected to go further upwards, reaching other supply levels at 107.50 and 108.00.

Daily analysis of EUR/JPY for April 8, 2018

EUR/JPY
This cross is bearish in the long-term, and rather neutral in the short-term. Another reality is that the market condition is currently choppy, but that might come to an end when a rally occurs in the market. There is a strong likelihood of a rally here, owing to a bullish expectation on JPY pairs for this week.

The supply zones at 131.50, 132.00 and 132.50 could be reached when a bullish movement begins. There is now a Bullish Confirmation Pattern in the market, and that would become more important as price goes further northwards.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for April 16, 2018

Daily analysis of USD/CHF for April 16, 2018

USD/CHF
There is some form of bullishness on the USD/CHF. Since the support level at 0.9200 was breached on February 16, price has moved upwards by 440 pips, closing above the support level at 0.9600 on Friday. This week is supposed to be bullish, because USD will likely gain some stamina against certain currencies like EUR, CHF, AUD and NZD (with the exception of GBP). The first object of attack this week is the resistance level at 0.9650.

There is a Bullish Confirmation Pattern in the market and price is expected to go upwards, as the EUR/USD goes southwards. The support levels at 0.9500 and 0.9450 would try to impede any southward attempts.

Daily analysis of USD/JPY for April 16, 2018

USD/JPY
The USD/JPY is bearish in the long-term, and bullish in the short-term. There is a weak short-term bullishness owing to the fact that price made some effort to go upwards last week, gaining only 80 pips. Price managed to briefly breach the supply level at 107.50, but it could not close above it on Friday (it closed below it).

However, price would be able to go above the supply level at 107.50; even reaching other supply levels at 108.50, 109.00 and 109.50. This is owing to the Bullish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 16, 2018

EUR/JPY
The EUR/JPY is bearish in the long-term, and now bullish in the short-term. It has gained roughly 250 pips this month, and it can gain another 250 pips before the end of the month. That is something that can bring about a long-term bullish outlook on the market as it goes through the supply zones at 133.00, 133.50 and 134.00, even exceeding those supply zones as price goes further and further northwards.

There is a Bullish Confirmation Pattern in the market, which would become more and more serious as price goes northwards. Short trades are not recommended here.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for April 17, 2018

Daily analysis of USD/CHF for April 17, 2018

USD/CHF
The market traded lower on Monday, and nothing has changed apart from that. This week is supposed to be bullish, because USD will likely gain some stamina against certain currencies pairs, and that might happen before the week runs out. The first object of attack this week is the resistance level at 0.9650.

The situation in the market is now dicey, until there will be a directional movement in the market. However, a directional movement is anticipated. The support levels at 0.9500 and 0.9450 would try to impede any southward attempts.

Daily analysis of USD/JPY for April 17, 2018

USD/JPY
On this pair, there was a shallow bearish retracement on April 16. In contrast, there is a weak short-term bullishness owing to the fact that price made some effort to go upwards last week, gaining only 80 pips. It might go upwards this week, to corroborate the recent bullish effort in the market.

However, price would be able to go above the supply level at 107.50; even reaching other supply levels at 108.50, 109.00 and 109.50. There is some bullish expectation on JPY pairs this week, which could see some rallies on them.

Daily analysis of EUR/JPY for April 17, 2018

EUR/JPY
There is now a bullish bias on this cross, which has gained roughly 250 pips this month, and it can gain another 250 pips before the end of the month. The targets at the supply zones at 132.00, 133.00 and 133.50, remain valid. They may even be exceeded as price journeys further upwards this week.

There is a Bullish Confirmation Pattern in the market, which would become more and more serious as price goes northwards. The price action also reveals that bulls are intent on pushing price further upwards. Short trades are not yet recommended.

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

[Forecast]

Daily analysis of major pairs for April 23, 2018

Daily analysis of USD/CHF for April 23, 2018

USD/CHF

This pair has been going upwards. The Bullish Confirmation Pattern in this market was partly brought about by the anticipated stamina in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 220 pips in this month alone), closing around the resistance level at 0.9750 on Friday.

This is a bull market and it is good for long trades. Price should continue going further upwards as EURUSD is pushed further southwards. The resistance levels at 0.9800 and 0.9850 are the targets for this week.

Daily analysis of USD/JPY for April 23, 2018

USD/JPY
The USD/JPY is bearish in the long-term, and bullish in the short-term. After price rammed into the demand level at 105.00 on March 23, it has gone upwards by 280 pips since then. Price closed above the demand level at 107.50 on Friday and it may even reach the supply levels at 108.00 and 108.50 this week….

Before the anticipated reversal occurs, price could go upwards a little bit. The reversal may be strong enough to take price towards the demand level at 107.50. Yes, there is a Bearish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 23, 2018

EUR/JPY
The EUR/JPY is bullish in the near-term, but the bullishness in the market is very weak. Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would most probably favor bears.

Thus, the demand zones at 132.00, 131.50 and 131.00 could be reached, which may effectively challenge the recent bullishness in the market. It is expected that further southward movement would play itself out this week, because the outlook on JPY pairs is somewhat bearish for the week.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for April 24, 2018

Daily analysis of USD/CHF for April 24, 2018

USD/CHF

The USD/CHF went seriously upwards on Monday. The Bullish Confirmation Pattern in this market was brought about by the strength in Greenback. Since testing the support level at 0.9200 on February 16, price has gained 550 pips (gaining 250 pips in this month alone), and now very close to the resistance level at 0.9800.

The bias on the market is bullish, both in the long-term and the near-term. Further upwards movement is anticipated, which would bring price towards the resistance levels at 0.9800, 0.9850 and 0.9900.

Daily analysis of USD/JPY for April 24, 2018

USD/JPY
This currency trading instrument shot skywards on April 23, 2018. The market gained 138 pips that day alone, moving above the demand level at 108.50 and moving closer to the supply level at 109.00. That supply level would be breached to the upside as price goes further skywards.

There is now a Bullish Confirmation Pattern in the market, which is brought about by the recent rally. The short-term bias is bullish, but once price goes above the supply level at 109.50, the long-term bias also would turn bullish. Short trades are not currently recommended, owing to a buying pressure in the market.

Daily analysis of EUR/JPY for April 24, 2018

EUR/JPY
Unlike its USD/JPY counterpart, this cross pair has not done much this week Price did almost nothing last week, save some consolidating movement throughout the week. The consolidation may continue this week, but a breakout is imminent, which would be directional on nature.

A strong directional movement is expected any moment, which would most probably be in favor of bulls. On the other hand there is another possibility of price going bearish before the end of this week, because the outlook on JPY pairs is somewhat bearish for the week. Swings in the market may thus be short-term or medium-term.

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

[Forecast]

Daily analysis of major pairs for April 30, 2018

Daily analysis of USD/CHF for April 30, 2018

USD/CHF
This pair went upwards last week (gaining 150 pips). Over 300 pips have gained in the last two weeks, and this is just the beginning, because the northwards journey would continue as a result of the stamina in USD. The resistance level at 0.9900 has been tested and it would be tested again, and get breached to the upside.

There is a Bullish Confirmation Pattern in the chart, which portends further bullish movement in favor of buyers. That is when price would target additional resistance levels at 0.9950, and ultimately 1.0000.

Daily analysis of USD/JPY for April 30, 2018

USD/JPY

The USD/JPY is a bullish market. Price started rallying last month, and it rallied considerably last week. The bias on the market has thus turned completely bullish as price neared the supply level at 109.50, and it is now close to the demand level at 109.00… However, price may not be able to go protractedly upwards again, because there is a very strong bearish outlook on JPY pairs for this week, and for May 2018.

Long positions should be liquidated because bulls will suffer seriously in May. Further downwards movement would result in a Bearish Confirmation Pattern in the market.

Daily analysis of EUR/JPY for April 30, 2018

EUR/JPY
The EUR/JPY did not made any strong directional movement last week. Price made a weak bullish effort on Monday and Tuesday, consolidated on Wednesday and then got a bearish correction on Thursday and Friday. Although the ongoing bias is bullish, bulls are obviously getting weaker and weaker, showcasing their lack of interest in pushing price upwards.

The recent bearish correction may eventually turn out to be something significant. A large movement is expected on EURJPY in May, and it would mostly favor bears. Should that occur, things would turn vividly bearish.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for May 1, 2018

Daily analysis of USD/CHF for May 2, 2018

USD/CHF
This pair has gone upwards this week, and this seems to be the beginning of a great bullish momentum in the market (given the stamina in USD). Following the current pause in the bullish movement, a bullish journey will resume. The next targets is the resistance level at 1.0000, which is a major resistance level (a psychological level).

There is a Bullish Confirmation Pattern in the chart, which portends further bullish movement in favor of buyers. Short trades are not currently recommended. The EMA 11 is above the EMA 56, and the Williams’ % Range period 20 has long been in an overbought situation.

Daily analysis of USD/JPY for May 2, 2018

USD/JPY

There is a Bullish Confirmation Pattern in the USD/JPY 4-hour chart. The market is now above the demand level at 109.50 and it could reach the supply level at 110.00. Further northwards movement is anticipated before the reversal in the market, which may also be visible on other JPY pairs.

Owing to the current bullish effort in the market, price could go further upwards, but that would be a temporary thing, owing to the expected reversal in the market. The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50.

Daily analysis of EUR/JPY for May 2, 2018

EUR/JPY
There is now a bearish bias on the EUR/JPY cross – especially in the short-term. The current “sell” signal is ongoing and price could drop further to test the demand zones at 131.50 and 131.00. One factor partly responsible for this downwards move is the weakness in EUR, which is ongoing.

There is a Bearish Confirmation Pattern in the market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. Further bearish movement is a possibility, which may enable price to reach the demand zones at 131.50 and 131.00.

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

[Forecast]

Daily analysis of major pairs for May 7, 2018

Daily analysis of USD/CHF for May 7, 2018

USD/CHF
This pair has normally been going upwards as EURUSD is going downwards. Price has gained over 800 pips since February 16 (it gained 130 pips last week). The great psychological level at 1.000 has eventually been reached and a lot of activity has started around that level, as bears are struggling to prevent bulls from pushing price above the level.
USD is supposed to continue being strengthened. However, bulls will eventually win the struggle, and enable price to stay above the psychological level at 1.0000, as another resistance level at 1.0050. The USD reigns.

Daily analysis of USD/JPY for May 7, 2018

USD/JPY
The bias on the USD/JPY is bullish, but the trend is in a precarious position. Price did not go upwards significantly last week, neither did the bearish correction that followed help the matter. Once the supply level at 110.00 was tested, price got corrected by 100 pips, moving briefly below the demand level at 109.00 and then closing above it on Friday.

Since the bullish bias is in a precarious situation, any movement below the demand level at 108.00 will result in a clear bearish signal. A movement to the downside is very much likely this week.

Daily analysis of EUR/JPY for May 7, 2018

EUR/JPY
This EUR/JPY cross has dropped by 300 pips since April 26. Roughly 250 pips were shed last week, owing to the weakness in EUR and a show of energy in JPY. There is a huge Bearish Confirmation Pattern in the market, and price is expected to continue going southwards, owing to the bearish outlook on JPY pairs this week.

The EUR is weak and the JPY is strong, and therefore, long trades are not recommended until it is clear that the situation in the market has changed. The demand zones at 130.00, 129.50 and 129.00 would be reached.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for May 8, 2018

Daily analysis of USD/CHF for May 8, 2018

USD/CHF
The USD/CHF managed to go above the psychological level at 1.0000 earlier this week; now targeting the resistance level at 1.0050, which could be reached any moment from now. Price is currently consolidating, and there would soon be a breakout in the market, which would most probably favor bulls.

USD is supposed to continue being strengthened. There is a Bullish Confirmation Pattern in the market, which makes short trades illogical at the moment. Volatility will return to the market any movement.

Daily analysis of USD/JPY for May 8, 2018

USD/JPY
The recent trend is in a precarious position. Price did not go upwards significantly last week, neither has it gone in a directional mode this week (the market is currently consolidating). There would soon be a rise in volatility, which would most probably favor bears. One reason price has not come down significantly is because of the stamina in USD.

A significant movement upwards from here would result in a Bullish Confirmation Pattern, while a significant downwards movement from here would result in a Bearish Confirmation Pattern, which is expected this week.

Daily analysis of EUR/JPY for May 8, 2018

EUR/JPY
This EUR/JPY cross has dropped by 380 pips since April 26. Roughly 120 pips have been lost within Monday and Friday, owing to the weakness in EUR and a show of energy in JPY. There is a huge Bearish Confirmation Pattern in the market, and price is expected to continue going southwards.

The market has moved below the supply zone at 129.50, going towards the demand zone at 129.00. The targeted demand zone would be breached to the downside today or tomorrow. Bulls are being ridiculed at the moment.

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

[Forecast]

Daily analysis of major pairs for May 14, 2018

Daily analysis of USD/CHF for May 14, 2018

USD/CHF
In the context of an uptrend the USD/CHF went sideways last week, ranging between the resistance level at 1.0000 (previously a support level) and the resistance level at 1.0050. Eventually, price closed below the resistance level at 1.0000 on Friday, and it may even test the support levels at 0.9950 and 0.9900.

There is a Bullish Confirmation Pattern in the 4-hour chart, which shows the possibility of further upwards movement. However, price would rise again, possibly reaching the resistance level at 1.0000 and breaching it to the upside.

Daily analysis of USD/JPY for May 14, 2018

USD/JPY
The bias on the USD/JPY is bullish – and the trend is still in a precarious position. Price did not go in a strong directional movement last week. It only oscillated between the demand level at 109.00 and the supply level at 110.00.

A breach above the supply level at 110.00 is anticipated this week, although bulls may not be able to enjoy that victory for a long time, because there is a possibility of a fall back towards the demand level at 109.00. There is currently a Bullish Confirmation Pattern in the market, which is, though, weak.

Daily analysis of EUR/JPY for May 14, 2018

EUR/JPY

In a bearish outlook, the EUR/JPY trended downwards on Monday and Tuesday, and then started to make a rally effort. It managed to close above the demand zone at 130.50 on Friday, in the context of a downtrend. It is much more likely that the rally would end up proffering a clean opportunity to go short in the market at strategic supply zones.

There is a Bearish Confirmation Pattern in the market. Unless the Euro gets strengthened considerably, there might be a reversal in favor of bears, which would enable the market to target the demand zones at 130.50, 130.00 and 129.50.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for May 16, 2018

Daily analysis of USD/CHF for May 16, 2018

USD/CHF

This currency trading instrument has not done much this week, and price itself has nearly gone below the support level at 1.0000, which is an important level. Once the first target at 1.0050 is breached, another resistance level at 1.0100 would be aimed at; and this is something that requires a rise in volatility.

A rise in volatility is expected today or tomorrow. There is a Bullish Confirmation Pattern in the 4-hour chart. Price would rise again, possibly reaching the resistance level at 1.0050 and breaching it to the upside.

Daily analysis of USD/JPY for May 16, 2018

USD/JPY
The bias on this pair is bullish – and the trend is now in a strong position. The demand level at 110.00 has been breached to the upside, and while there is a currently a shallow bearish retracement in the market, price is now aiming at the demand level at 110.50.

There is currently a Bullish Confirmation Pattern in the market, which has become stronger as a result of the surge in the bullish movement. For this rally to be sustained, there is a need for continuous buying pressure in the market.

Daily analysis of EUR/JPY for May 16, 2018

EUR/JPY

As it was forecasted earlier this week, and reiterated on Tuesday, the EUR/JPY cross has generated a bearish signal, which has cancelled the recent bullish effort in the market (for the bullish effort simply proffered opportunity to go long). The demand zone at 129.50 is now being tested.

There is a Bearish Confirmation Pattern in the market. The EMA 11 is below the EMA 56, and the RSI period 14 is below the level 50. Further bearish movement is anticipated, which would propel price towards the demand zones at 129.00 and 128.50.

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

[Forecast]

Daily analysis of major pairs for May 21, 2018

Daily analysis of USD/CHF for May 21, 2018

USD/CHF
The USD/CHF is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement to the upside will no longer be a serious thing.

While USDCHF is supposed to go upwards, there would be a challenge to the upwards move, because CHF is expected to gain serious stamina this week (major currencies will drop versus it). This means that the coming strength in CHF may hinder USDCHF from getting seriously pushed further northwards.

Daily analysis of USD/JPY for May 21, 2018

USD/JPY
The bias on the pair is still bullish. The bullish movement that was witnessed last week has saved the ongoing bullish bias in the market. The bullish movement started in March 2018 and it has held out till now. The supply level at 111.00 was tested before price closed below it on Friday. The JPY may be weakened further this week.

There is a Bullish Confirmation Pattern in the market, which makes short trades not yet advisable. This week, there is a high probability that the market would continue going upwards, reaching the supply levels at 111.00, 111.50 and 112.00.

Daily analysis of EUR/JPY for May 21, 2018

EUR/JPY
The EUR/JPY has failed to go seriously upwards like its USD/JPY counterpart. The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity (although the general outlook still remains bearish).

Price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for May 22, 2018

Daily analysis of USD/CHF for May 22, 2018

USD/CHF
A short-term bearish signal has been generated on the USD/CHF. The recent 2-week consolidation has threatened the last bullish bias, and price has started going downwards, thus bringing about a “sell” signal. Price is expected to go further and further southwards, reaching the demand levels at 0.9950 and 0.9900.

There is a Bearish Confirmation Pattern in the 4-hour chart, and that has brought about a short-term bearish signal. Further bearish movement can eventually invalidate the long-term bullishness in the market.

Daily analysis of USD/JPY for May 22, 2018

USD/JPY
The market got corrected lower on Monday, in the context of an uptrend. The correction may be an opportunity to enter the market at better prices, for price could still go further upwards, thus saving the extant bullishness in the market. Only a large pullback could threaten the current bias on the market.

There is a Bullish Confirmation Pattern in the market, which makes short trades not yet advisable, unless the bias on the market turns bearish. This week, there is a high probability that the market would continue going upwards, reaching the supply levels at 111.00, 111.50 and 112.00.

Daily analysis of EUR/JPY for May 22, 2018

EUR/JPY
The situation on the EUR/JPY remains clearly unchanged, for price did not do anything serious on May 21. The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity.

Last week, price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week. A breakout can happen this week.

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

[Forecast]

Daily analysis of major pairs for May 28, 2018

Daily analysis of USD/CHF for May 28, 2018

USD/CHF
This USD/CHF is bullish in the long-term, and bearish in the short-term. Last week, price turned southwards, testing the level at 0.9900 several times and eventually closing below it on Friday. One reason why the market became bearish in the short-term is the strength in CHF. CHF still strong, as evident on major CHF pairs.

The market can thus reach the support levels at 0.9850 and 0.9800, thereby erasing the long-term bullish outlook on the market… Short trades are not currently advisable as further bearish movement is a strong possibility.

Daily analysis of USD/JPY for May 28, 2018

USD/JPY
The trend on the USD/JPY is also bearish in the short-term, but bullish in the long-term. From the high of last week, price went downwards by 230 pips, to test the demand level at 109.00, closing above it on May 25.

Further bearish movement is expected this week, and this may affect the long-term bullish bias, as the demand levels at 109.00, 108.50 and 108.00 are aimed, for there is a considerable stamina in Yen. There is now a Bearish Confirmation Pattern in the market (4-hour chart). There is a “sell” signal in the market.

Daily analysis of EUR/JPY for May 28, 2018

EUR/JPY
Here, the downwards movement that happened last week has put an end to the recent sideways movement that was seen in the market. From May 9 to 22, the market consolidated in the context of a downtrend, and at last, there was a breakout in favor of sellers. This has really put more emphasis on the Bearish Confirmation Pattern in the market, coupled with the weakness in EUR.

This week, the demand zones at 127.00, 126.50 and 126.00 may be reached. There could be occasional upwards bounces along the way, but price is expected to continue going downwards. There is now a Bearish Confirmation Pattern in the market.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for May 29, 2018

Daily analysis of USD/CHF for May 29, 2018

USD/CHF
This pair did nothing significant on Monday – except a sideways movement in the context of a short-term downtrend. However, a breakout is supposed to happen today or tomorrow, which would most probably favor bears. There is a Bearish Confirmation Pattern in the market, and the bias is bearish.

The market can thus reach the support levels at 0.9900 and 0.9850, thereby erasing the long-term bullish outlook on the market… However, for this to happen, there is a need for a strong bearish pressure.

Daily analysis of USD/JPY for May 29, 2018

USD/JPY
This pair dropped 50 pips pm May 29, testing the demand level at 109.00. The demand level would be tested again and get breached to the downside. There is now a Bearish Confirmation Pattern in the market (4-hour chart). There is a “sell” signal in the market, which would aid further southwards movement.

The bias on the market is currently bearish (starting last week), and this may affect the long-term bullish bias, as the demand levels at 109.00, 108.50 and 108.00 are aimed, for there is a considerable stamina in Yen.

Daily analysis of EUR/JPY for May 29, 2018

EUR/JPY
What happened to this cross is quite similar to what happened to the USD/JPY, due to the stamina in JPY. Yesterday, price went lower by 150 pips, testing the demand level at 126.50. The demand level may also be breached to the downside as price continues to get weakened lower and lower.

This week, the demand zones at 126.50, 126.00 and 125.50 may be reached. There could be occasional upwards bounces along the way, but price is expected to continue going downwards. There is now a Bearish Confirmation Pattern in the market.

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

[Forecast]

Daily analysis of major pairs for June 4, 2018

Daily analysis of USD/CHF for June 4, 2018

USD/CHF
The USD/CHF trended downwards in the first few days of last week, and then started a bullish correction on May 30. Price went upwards by 200 pips in the context of a downtrend, but the movement was not significant enough to override the extant bearishness in the market (except the resistance line at 1.1800 is exceeded).

There is a Bearish Confirmation Pattern in the market, and that is supposed to hold for some time. The outlook for EUR pair is strongly bearish for this week and for this month, and so bulls should be careful.
Daily analysis of USD/JPY for June 4, 2018

USD/JPY
The market is bullish in the long –term, but bearish in the short-term. Since March 26, a long-term bullish journey started, but short-term bearish effort was also started on May 21. The short-term bearishness is still in place and it is supposed to override the long-term bullish bias on the market.

The long-term bullishness would soon be rendered invalid. This is because there is a very strong bearish outlook on JPY pairs this month, and so, USDJPY would eventually become like other JPY pairs, which are already bearish.

Daily analysis of EUR/JPY for June 4, 2018

EUR/JPY
There is a Bearish Confirmation Pattern on this cross, as a result of a vivid weakness that began in the market in April 16. Price has shed roughly 700 pips since then. Last week, the bearish journey continued as price rammed into the demand zone at 125.00, and then bounced upwards (300 pips), without being able to form a confirmed bullish bias.

This week, a bearish reversal is expected, because of the weakness in EUR and owing to the bearish outlook on JPY pairs. The bearish reversal would enable sellers to enter short at some sensible prices.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for June 5, 2018

Daily analysis of USD/CHF for June 5, 2018

USD/CHF
The bias on the market has remained unchanged (bearish), and the market did virtually nothing on Monday. USDCHF has been moving downwards in the past few weeks; which was an unusual thing, considering the fact that it usually goes in a negative correlation with EURUSD.

However, the situation will change this week, as USD is expected to begin gathering stamina at some point (before the end of the week). This would aid a strong bullish reversal in USDCHF and put more bearish pressure on EURUSD. The bearish outlook on the USD/CHF is supposed to hold on for some time, until USD would be able to gather energy.

Daily analysis of USD/JPY for June 5, 2018

USD/JPY
The market attempted to resume its bullish journey on June 4. Since testing the demand level at 108.50, price has bounced upwards by 150 pips, and it is close to the supply level at 110.00. The short-term bearishness is still in place and it is supposed to override the long-term bullish bias on the market.

The long-term bullishness would soon be rendered invalid. This is because there is a very strong bearish outlook on JPY pairs this month, and so, USDJPY would eventually become like other JPY pairs, which are already bearish. A continuation of the rally in the market would render this invalid.

Daily analysis of EUR/JPY for June 5, 2018

EUR/JPY
This cross was able to continue its bullish journey yesterday – though that was a slight movement. Price is now close to the supply level at 126.50 (and it has tested it). It may even breach it to the upside, but there would be an eventually reversal, to go along with the bearish outlook on the market.

This week, a bearish reversal is expected, because of the weakness in EUR and owing to the bearish outlook on JPY pairs. The bearish reversal would enable sellers to enter short at some sensible prices (only if it occurs)

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

[Forecast]

Daily analysis of major pairs for June 11, 2018

Daily analysis of USD/CHF for June 11, 2018

USD/CHF
This is a weak market, for the USD/CHF has been caught in a slow and gradual bearish movement since May 10 (over 230 pips). It is possible that the market would continue going further downwards (albeit slowly), especially when EURUSD gains a lot of stamina. This is because the EUR/USD and the USD/CHF are negatively correlated.

There is a Bearish Confirmation Pattern in the market. The support levels at 0.9800 (which has previously been tested), 0.9750 and 0.9700, would be reached soon, and that might bring about a strong Bearish Confirmation Pattern in the market.

Daily analysis of USD/JPY for June 11, 2018

USD/JPY
The USD/JPY is bullish in the long-term, but neutral in the short-term. In the last two weeks, price has generally oscillated between the demand level at 108.50 and the supply level at 110.50. As long as price continues to oscillate between those demand and supply levels, the short-term bias would be neutral.

Mixed signals will be witnessed on certain JPY pairs this week (and thus the USD/JPY). A break above the supply level at 110.50 will result in confirmation of the existing long-term bullish outlook while a break below the demand level at 108.50 will result in a clean bearish outlook.

Daily analysis of EUR/JPY for June 11, 2018

EUR/JPY
The bias on this currency trading instrument has just turned bullish. Since May 30, price has rallied by 500 pips, reaching the supply zone at 130.00, before the current bearish correction (which happened on June 8). A sideways movement throughout this week will bring about a neutral bias on the market.

A test of the demand zone at 127.50 will threaten the new bullish bias on the market; while a movement towards the supply zones at 129.50, 130.00 and 130.50 will strengthen it. There will be a measure of volatility in the market this week.

Source: www.instaforex.com

[Forecast]

Daily analysis of major pairs for June 12, 2018

Daily analysis of USD/CHF for June 12, 2018

USD/CHF
The USD/CHF did nothing significant on Monday – except consolidating. In the long-term, the market has been caught in a slow and gradual downwards movement, and it is a situation in which short-term rallies often lead to further downwards movement. The outlook on USD/CHF is bearish for the week, especially when the EUR/USD gathers some stamina.

The EMA 11 is below the EMA 56, and the Williams’ % Range period 20 is showing some form of neutrality. There is a Bearish Confirmation Pattern in the market. The support levels at 0.9800 (which has previously been tested), 0.9750 and 0.9700, would be reached soon, and that might bring about a strong Bearish Confirmation Pattern in the market.

Daily analysis of USD/JPY for June 12, 2018

USD/JPY
The market tried to move upwards a little on June 11. The USD/JPY is bullish in the long-term, but neutral in the short-term. In the last two weeks, price has generally oscillated between the demand level at 108.50 and the supply level at 110.50. However, a smooth bullish movement would bring about a bullish outlook on the market.

The EMA 11 has crossed above the EMA 56, and the RSI period 14 has crossed the level 50 to the upside. Should price continue to move further upwards, the bias on the market would become clearly bullish (leading to a Bullish Confirmation Pattern in the past).

Daily analysis of EUR/JPY for June 12, 2018

EUR/JPY

What happened yesterday shows that bulls are still willing to push the price upwards. The EMA 11 has crossed above the EMA 56, and the RSI period 14 has crossed the level 50 to the upside. Should price continue to move further upwards, it would lead to an emphasis on the recent Bullish Confirmation Pattern in the market.

There will be some form of strong volatility on the EUR/JPY this week. A test of the demand zone at 127.50 will threaten the new bullish bias on the market; while a movement towards the supply zones at 130.00, 130.50 and 131.00 will strengthen it.

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