Instaforex Trading Forecasts

The EUR/JPY plunged by roughly 350 pips last week, as forecasted. The price reached a high of 131.29 and a low of 127.20. The outlook for this week is also bearish, as long as the EUR is weak. The next targets for the bears are located at the demand levels at 127.00 and 126.50.

EUR/USD: This pair is very weak right now – owing to a deep weakness in the EUR and a deep strength in the USD. In fact, the EUR is one of the weakest currencies among the majors, and so are most EUR pairs. A rally of 400 pips is significant enough to result in a clean Bearish Confirmation Pattern and therefore, further plunge is expected this week.

USD/CHF: This pair rose throughout last week, enabling a clean bullish bias in the market. There are support levels at 0.9700 and 0.9650, which should do a good job in arresting any bearish plunges along the way. There are also resistance levels at 0.9900 and 0.9950, which should serve as next targets for the bulls.

GBP/USD: Just like its EUR/USD counterpart, the Cable journeyed a downwards movement last week. The downwards journey has enabled the end of the recent tight consolidation phase in the market, allowing the bears to reign. The price could thus reach the accumulation territories at 1.4600 and 1.4550 this week; although the possibility of a rally cannot be ruled out.

USD/JPY: On this currency trading instrument, the bulls have fought to keep the price upbeat. However, the situation of the bullish outlook is unstable. It is safe to assume that the bullish outlook will be valid as long as the price is above the demand level of 119.00.

EUR/JPY: The EUR/JPY plunged by roughly 350 pips last week, as forecasted. The price reached a high of 131.29 and a low of 127.20. The outlook for this week is also bearish, as long as the EUR is weak. The next targets for the bears are located at the demand levels at 127.00 and 126.50.

Source: www.instaforex.com

The Cable made some attempt to rally on Monday, all in the context of a downtrend. The dominant bias is bearish and it would be assumed that the present rally proffers a wonderful opportunity to go short at a better price. The only thing that can render this assumption invalid is an event that causes the Cable to go above the distribution territory at 1.4850.

EUR/USD: This market was simply volatile yesterday, not going upwards or downwards. The general outlook remains bearish and it is expected that the market would continue trading downwards, reaching the support lines at 1.0500 and 1.0450.

USD/CHF: The USD/CHF was indecisive for most part of Monday. Today or tomorrow, there ought to be a continuation of the bullish journey, taking the price towards the resistance levels at 0.9850 and 0.9900. The resistance level at 0.09850 has been tested this week, and it could be retested again.

GBP/USD: The Cable made some attempt to rally on Monday, all in the context of a downtrend. The dominant bias is bearish and it would be assumed that the present rally proffers a wonderful opportunity to go short at a better price. The only thing that can render this assumption invalid is an event that causes the Cable to go above the distribution territory at 1.4850.

USD/JPY: The price action on this currency trading instrument testifies to the desperate struggle between the bulls and the bears. Until the price closes below the demand level at 119.00, it cannot be said that the bears gain any upper hands. The bias remains bullish as long as the price is above the aforementioned demand level.

EUR/JPY: This cross made further bearish attempts on Monday, almost reaching the demand zone at 126.50. There is a shallow upwards bounce in the market, but there is also a strong possibility that the demand zone at 126.50 would be reached, owing to the deep weakness in the Euro.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The Cable skyrocketed by 450 pips last week, rising from the accumulation territory at 1.4600 and testing the distribution territory at 1.5050. In spite of the shallow southward correction in the market, the outlook for the Cable this week is bright. The distribution territory at 1.5050 would be tested again and get breached to the upside, as the price reaches for another distribution territory at 1.5100.

EUR/USD: There is now a Bullish Confirmation Pattern in this market, as the market made commendable effort to go bullish last week (and with a measure of success). This week, it is possible that the price would reach the resistance lines at 1.0900 and 1.0950.

USD/CHF: Just as the EUR/USD went upwards, the USD/CHF has gone downwards. From the resistance level at 0.9850, the price plunged by around 300 pips, reaching the support level at 0.9500. With further selling pressure in the market, the support level at 0.9500 would even be breached, as the price reaches for another support level at 0.9500.

GBP/USD: The Cable skyrocketed by 450 pips last week, rising from the accumulation territory at 1.4600 and testing the distribution territory at 1.5050. In spite of the shallow southward correction in the market, the outlook for the Cable this week is bright. The distribution territory at 1.5050 would be tested again and get breached to the upside, as the price reaches for another distribution territory at 1.5100.

USD/JPY: On Friday, April 17, 2015, this market closed at 118.89, on a bearish note. One achievement has been made by the bears – they have succeeded in breaking the supply level at 119.00 to the downside, who used to be a stubborn impediment to the bears. Another demand level at 118.00 could be reached.

EUR/JPY: This cross moved upwards by 200 pips last week; going from the demand zone at 126.50 and reaching the supply zone at 128.50. Nevertheless, the bearish bias is still extant, and the only thing that can render it invalid is a situation in which the price goes above supply zone at 129.50.

Source: www.instaforex.com

The Cable has continued its bearish correction since the beginning of this week, going from the distribution territory at 1.5050, and reaching the accumulation territory at 1.4900. The bearish retracement – in the context of an uptrend – has panned out by 150 pips.

EUR/USD: There is still a Bullish Confirmation Pattern in this market, as the market made commendable effort to go bullish last week (and with a measure of success). However, the price has been making some shallow southward correction, which cannot jeopardize the existing bias unless the support line at 1.0650 is breached to the downside.

USD/CHF: There is still a Bearish Confirmation Pattern in this market, as the market was forced to go bearish last week, and with visible results. However, the price has been making some shallow northwards movement, which cannot jeopardize the existing bias unless the resistance level at 0.9700 is breached to the upside.

GBP/USD: The Cable has continued its bearish correction since the beginning of this week, going from the distribution territory at 1.5050, and reaching the accumulation territory at 1.4900. The bearish retracement – in the context of an uptrend – has panned out by 150 pips. It is assumed that the Cable can still go upwards, providing that the accumulation territories at 1.4800 and 1.4750 are not violated.

USD/JPY: The existing bearish outlook is in a clear jeopardy, for the price is trying to make some bullish attempt, having gone above the demand level at 119.00. A movement above that demand level would continue to threaten the bearish outlook; whereas a movement below it would confirm the bearish outlook.

EUR/JPY: The movement in this market has not been significant so far this week. What is here is simply a rally attempt in the context of downtrend, and movement below the demand zones at 127.50 and 127.00 would reinforce the downtrend.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The EUR/JPY first consolidated last week, but it broke upwards on April 23, 2015. The upward break has enabled a Bullish Confirmation Pattern to form in the market, and the price might reach the supply levels at 130.50 and 131.00. This outlook would be valid as long as the EUR does not sustain exponential weakness.

EUR/USD: This pair traded in a tight range until April 23, 2015, when it broke upwards, owing to the stamina in the Euro. The bullish outlook would be valid for this week – except the Euro becomes weak – an event that can cause a reversal of the bullish trend.

USD/CHF: This market first went upwards last week, testing the resistance level at 0.9700. The short-term bullish movement was due to a sudden weakness in the CHF, for all the CHF pairs were affected on the same day. As the CHF eased on the following day, the price dived, almost reaching the support line at 0.9500. The support line must be breached to the downside, for the bearish bias to continue to be in force. Failure to achieve this could cause another rally in the market.

GBP/USD: Because the Cable is strong, an upward movement of 300 pips was witnessed in this market last week. From just below the accumulation territory at 1.4900, the price went upwards, almost reaching the distribution territory at 1.5200. That distribution territory could be battered. Should price fail to close above it, we might witness a bearish correction.

USD/JPY: This is a type of market in which upswings and downswings are short-term in nature. However, a closer look reveals that the bears currently have upper hands, and as a result of this, we might see some selling pressure in force this week.

EUR/JPY: The EUR/JPY first consolidated last week, but it broke upwards on April 23, 2015. The upward break has enabled a Bullish Confirmation Pattern to form in the market, and the price might reach the supply levels at 130.50 and 131.00. This outlook would be valid as long as the EUR does not sustain exponential weakness.

Source: www.instaforex.com

The GBP/USD continued its bullish movement on Monday, testing the distribution territory at 1.5250. There is a need for strong buying pressure for that distribution territory to be breached to the upside, and should this happen, the next target would be another distribution territory at 1.5300.

EUR/USD: This market went further upwards at the beginning of this week – in the context of an uptrend. There is still a convincing indication that the price would go further upwards, providing that the EUR continues to be strong. Any sudden weakness in the EUR may cause the price to pull back towards the support lines at 1.0800 and 1.0750.

USD/CHF: This currency trading instrument has not moved very much in this week. The price is volatile and there is a tussle between the bull and the bear, all in the context of a downtrend. The support level at 0.9500 has been tested several times in the past and it may be tested again. There is a need for a strong selling pressure for that support level to be breached to the downside.

GBP/USD: The GBP/USD continued its bullish movement on Monday, testing the distribution territory at 1.5250. There is a need for strong buying pressure for that distribution territory to be breached to the upside, and should this happen, the next target would be another distribution territory at 1.5300.

USD/JPY: This is a type of market in which upswings and downswings are short-term in nature. However, a closer look reveals that the bears currently have upper hands, and as a result of this, we might see some selling pressure in force this week.

EUR/JPY: There has not been a significant movement on this cross, but things remain bullish. As long as the price is above the demand zone at 128.50, it would be prudent to assume that a bullish signal is still in place. The price is expected to trend further north, for only a movement below the aforementioned demand zone could put the expectation in jeopardy.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong.

EUR/USD: This pair moved upwards strongly in the most part of last week. The pair moved upward by at least 400 pips. While more bullish journey cannot be ruled out, this would depend on the Euro sustaining its stamina, because any weakness in the Euro may cause the market to tumble.

USD/CHF: As it happened last week, the movement on USD/CHF would largely be determined by what happens to the EUR/USD. As long as the latter is strong, the former would be weak. The price is currently below the resistance line at 0.9350, going towards the support line 0.9300 (which was tested last week and might be tested again).

GBP/USD: This market moved upwards by 300 pips last week, and it later fell by 300 pips. This means that all the bullish gain which was made last week has been forfeited. Any movement below the accumulation territory at 1.5000 would result in a bearish bias.

USD/JPY: The USD/JPY has been able to maintain its recent bullish signal. The bullish signal started on April 30, 2015, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong.

EUR/JPY: On this cross, there has been an upward movement of 580 pips last week, which is enough to show that the bull has gotten lots of stamina. While the price still threatens to go further north (owing to the great stamina in the Euro), the trend my change any time in case the Euro becomes weak.

Source: www.instaforex.com

This EUR/USD pair has been moving gradually downwards – an attempt that pales into insignificance when compared to the overall bullish bias. There are resistance lines at 1.1250 and 1.1300, which must be crossed to the upside, for the bullish trend to continue. There are also support lines at 1.1050 and 1.1000.

EUR/USD: This pair has been moving gradually downwards – an attempt that pales into insignificance when compared to the overall bullish bias. There are resistance lines at 1.1250 and 1.1300, which must be crossed to the upside, for the bullish trend to continue. There are also support lines at 1.1050 and 1.1000. Should the price cross the support lines to the downside, there would be a threat to the extant bullish bias.

USD/CHF: This is a bear market and there has been only sideways movement so far this week. The market would be under some downward pressure as long as the EUR/USD is strong. Only a serious weakness in the EUR/USD could cause the USD/CHF to experience any noteworthy rally. Whether there would be a movement in favor of the bulls or the bears, a breakout is expected in this market.

GBP/USD: The weakness that started last week (on April 29, 2015, to be precise) has brought the Cable downwards by 330 pips. This plunge has been significant enough to threaten the recent bullish bias. In fact, everything in the market would turn bearish as soon as the accumulation territory at 1.5050 is crossed to the downside.

USD/JPY: The USD/JPY has been able to maintain its recent bullish signal, and the price has now crossed above the demand level at 120.00. The supply levels at 120.50 and 130.00 can also be tested, but one thing must be borne in mind; the market might tumble if Yen becomes strong.

EUR/JPY: This cross is also doming down slowly. Further weakness in the Euro could cause the downwards movement to be faster, though the bearish attempt cannot overturn the existing bullish outlook until the demand zone at 131.50 is breached to the downside.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

This week, the event on the EUR/JPY cross would largely be determined by the strength in the EUR itself. Should EUR continue to maintain its stamina, the cross would continue its bullish journey, testing the supply zones at 136.00 and 136.50. Any significant weakness in the EUR would cause the cross to plummet.

EUR/USD: This currency trading instrument will be a major determinant of the movement of the USD/CHF and the EUR/JPY this week. So keep a close watch on it.

USD/CHF: This pair is trying to make a rally in the context of an overall bearish bias. This week, the event on the pair would be dictated by what happens to the EUR/USD itself. Unless there is a vivid weakness in the EUR/USD, the present rally on the USD/CHF would result in nice opportunities for the bears to enter at short at better prices.

GBP/USD: The outlook for the Cable this week and this month is bearish – though the current bias is bullish. The current bullish bias is largely determined by the positive sentiment and optimism emanating from the UK. This bullish sentiment may continue to push the price further upwards, but any failure of the price to stay above the accumulation territories at 1.5250 and 1.5200 could result in a threat to the existing bias.

USD/JPY: The condition on the USD/JPY is now precarious, because the market is currently volatile, with upswings and downswings being short-term in nature. Position and swing traders may do well to stay away from this market until there is a protracted movement in one direction. Meanwhile, the market is favorable to scalpers and intraday traders.

EUR/JPY: This week, the event on the EUR/JPY cross would largely be determined by the strength in the EUR itself. Should EUR continue to maintain its stamina, the cross would continue its bullish journey, testing the supply zones at 136.00 and 136.50. Any significant weakness in the EUR would cause the cross to plummet, testing the demand zones at 133.00 and 132.50.

Source: www.instaforex.com

The GBPUSD has moved upwards by 200 pips this week. From the accumulation territory at 1.5400, the price rammed into the distribution territory at 1.5600. This bullish sentiment may continue to push the price further upwards, but any failure of the price to stay above the accumulation territories at 1.5500 and 1.5550 could result in a threat to the existing bias.

EUR/USD: This pair has traded sideways so far in this week. A breakout would soon happen here – either to the downside or to the upside. A movement above the resistance line at 1.1250 would mean a bullish breakout and a break below the support line at 1.1050 would mean a bearish breakout.

USD/CHF: What can be seen in this market is consolidation to the upside. While the bearish bias is still valid, a movement above the resistance level at 0.9400 would mean the end of the bearish bias and the beginning of a bullish bias, which could take the price towards another resistance level at 0.9500.

GBP/USD: The GBPUSD has moved upwards by 200 pips this week. From the accumulation territory at 1.5400, the price rammed into the distribution territory at 1.5600. The current bullish bias is largely determined by the positive sentiment and optimism emanating from the UK. This bullish sentiment may continue to push the price further upwards, but any failure of the price to stay above the accumulation territories at 1.5500 and 1.5550 could result in a threat to the existing bias.

USD/JPY: The outlook on this currency trading instrument remains bullish unless the demand level at 119.00 is breached to the downside. Should the USD gain more stamina, the trading instrument could attain the supply level at 120.50.

EUR/JPY: This week, the event on the EUR/JPY cross would largely be determined by the strength in the EUR itself. Should EUR continue to maintain its stamina, the cross would continue its bullish journey, testing the supply zones at 136.00 and 136.50. Any significant weakness in the EUR would cause the cross to plummet, testing the demand zones at 133.00 and 132.50.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The USD/CHF dropped last week, testing the support level at 0.9100. The outlook on this market is bearish for this week, especially in the face of the current strength in the EUR/USD (which would keep the USD/CHF under selling pressure). Another factor is that the CHF could be strengthened this week.

EUR/USD: The EUR/USD moved upwards by 300 pips last week; rising from the support line at 1.1150 and closing around the resistance line at 1.1450. There is a possibility that the price would go further upwards this week, as the bulls target the resistance lines at 1.1500 and 1.1550.

USD/CHF: The USD/CHF dropped last week, testing the support level at 0.9100. The outlook on this market is bearish for this week, especially in the face of the current strength in the EUR/USD (which would keep the USD/CHF under selling pressure). Another factor is that the CHF could be strengthened this week. This would also have effects on CHF pairs.

GBP/USD: The optimism and positive sentiments emanating from the UK are the reasons why the Cable remains strong. As long as the price stays above the accumulation territory at 1.5600, there cannot be a serious threat to the existing bullish bias. The bulls may target the distribution territories at 1.5850 and 1.5900 this week.

USD/JPY: Swing and position traders would do well to stay away from this market, which has essentially been consolidating for several weeks in a row. The price oscillates between the demand level at 118.50 and the supply level at 120.50. It is only a break beyond any of the aforementioned demand and supply levels that would probably result in a clean directional bias.

EUR/JPY: From the demand zone at 133.50, this cross journeyed upwards by over 300 pips, closing at 136.60 on Friday, May 15, 2015. The next movement of the price would be determined by the conditions of the EUR itself; but right now, there is a clear Bullish Confirmation Pattern in the market.

Source: www.instaforex.com

The Cable has started easing – a trend that began last Friday. The market has come down gradually by 140 pips since last Friday, but the overall bias remains bullish. Only a movement below the accumulation territory at 1.5500 could render the bullish bias useless, and this needs a serious bearish pressure to happen.

EUR/USD: The EUR/USD has started coming down gradually; all in the context of an uptrend. Should the price fail to breach the support line at 1.1200 to the downside (which would require large selling pressure), this would be taken as an opportunity to buy long when things are on sale and in the context of an uptrend.

USD/CHF: Since the EUR/USD dipped a little on Monday, the USD/CHF also rose a little. This could be seen as opportunities to enter in the direction of the dominant bias: an assumption that is valid on the condition that the resistance level at 0.9350 would not be breached to the upside.

GBP/USD: The Cable has started easing – a trend that began last Friday. The market has come down gradually by 140 pips since last Friday, but the overall bias remains bullish. Only a movement below the accumulation territory at 1.5500 could render the bullish bias useless, and this needs a serious bearish pressure to happen.

USD/JPY: There is now a ‘buy’ signal in the market. However, the signal should be traded in the short-term, not in the long-term, for the recent price action of this pair has been sideways at best. There cannot be a solid trending market until the supply level at 120.50 is overcome.

EUR/JPY: In spite of the slight bearish retracement on Monday, there is still a valid Bullish Confirmation Pattern on this trading instrument. We do not need to forget that movements on this currency trading instrument would largely be determined by what happens to the EUR this week. Weakness in the EUR would cause the instrument to plummet; and the other way round.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The USD/JPY moved upward by 200 pips last week. The upwards journey started at the demand level of 119.50 and it has gone beyond the demand level at 121.50. This bullish journey has put an end to the recent protracted equilibrium phase in the market: the price would continue its journey upwards as long as the USD is strong.

EUR/USD: A drop of over 420 pips last week has established the weakness on the EUR/USD. There is now a Bearish Confirmation Pattern in the market: the price would go further downwards this week, testing the support lines at 1.0950 and 1.0900. More intense bearish pressure could even take the price beyond these support lines.

USD/CHF: This pair has turned bullish. The price trended upwards from the support level at 0.9150, testing the resistance level at 0.9450. That is a movement of 300 pips, and further northward journey is possible. The only challenge to this expectation is a possible stamina in the CHF.

GBP/USD: On the Cable, the last week was characterized by serious battle between the bulls and the bears, but at the end of the week, the bears gained upper hands. However, the recent bullish bias would be violated only when the accumulation territory at 1.5400 is breached to the downside. The bullish bias is seriously threatened – it would be invalid only after the aforementioned accumulation territory is violated.

USD/JPY: The USD/JPY moved upward by 200 pips last week. The upwards journey started at the demand level of 119.50 and it has gone beyond the demand level at 121.50. This bullish journey has put an end to the recent protracted equilibrium phase in the market: the price would continue its journey upwards as long as the USD is strong.

EUR/JPY: The fate of this cross would continue to be determined largely by whatever happens to the Euro. The current weakness in the market is caused by the weakness in the Euro itself, and things have already turned bearish - a trend that could be sustained this week.

Source: www.instaforex.com

The Cable is now weak, generating a “sell” signal. The accumulation territory at 1.5450 could be breached to the downside as the price trends further downwards towards another accumulation territory at 1.5400. The new bearish signal would be valid as long as the distribution territory at 1.5700 is not breached to the upside.

EUR/USD: The EUR/USD is now a weak market, going below the resistance line 1.1000. Further weakness in the price could cause the support line at 1.0900 and 1.0850 to be tested this week. On the other hand, there are resistance lines at 1.1050 and 1.1100.

USD/CHF: This pair is now gaining strength as a result of the stamina in the USD. The pair moved upwards by 300 pips last week and it is now threatening to breach the resistance level at 0.9450: it would break it to the upside. Should this occur, the next target for the bulls would be the resistance level at 0.9550.

GBP/USD: The Cable is now weak, generating a “sell” signal. The accumulation territory at 1.5450 could be breached to the downside as the price trends further downwards towards another accumulation territory at 1.5400. The new bearish signal would be valid as long as the distribution territory at 1.5700 is not breached to the upside.

USD/JPY: The USD/JPY consolidated on Monday – in the context of an uptrend. There is a Bullish Confirmation Pattern in the market and the probability of the market going further upwards is greater than the probability of the market going southwards.

EUR/JPY: This cross, which consolidated last week while trending downwards, is still weak. On Monday, the price trended further downwards, just going below the supply zone at 133.50. The next target is the demand zone at 133.00, which would be breached to the downside. The cross would rally only, providing that the Euro amasses energy.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The EUR/JPY experienced a nice bullish run last week, moving upwards from the demand zone at 133.50 and going far above the demand zone at 136.00. This movement of roughly 300 pips has resulted in a clear Bullish Confirmation Pattern in the chart, and this is a situation that could continue this week, for the outlook is already bullish.

EUR/USD: The dominant bias here remains bearish, irrespective of a formidable rally in the context of the downtrend, which occurred last week. This price action would be taken as a short-selling opportunity unless the resistance line at 1.1100 is overcome.

USD/CHF: This market first went upwards last week, but the gains made by the bulls were forfeited because of the perceived stamina in the CHF. Should the CHF continue its strength, the bearish correction may continue, which may eventually invalidate the current bullish bias.

GBP/USD: The Cable dropped by 200 pips last week, closing below the distribution territory at 1.5300. It is not logical to go long in this market unless the distribution territories at 1.5500 and 1.5550 are overcome to the upside – something that would require a very strong rally.

USD/JPY: This pair is also bullish and the price may continue its upwards journey as long as the JPY is weak. The price moved upwards by 250 pips last week, closing above the demand level at 124.00. Although the pair consolidated around the end of the last week, there should probably be a breakout to the upside, enabling the price to reach supply levels at 124.50 and 125.00 this week. The outlook on most JPY pairs for this month is bullish.

EUR/JPY: The EUR/JPY experienced a nice bullish run last week, moving upwards from the demand zone at 133.50 and going far above the demand zone at 136.00. This movement of roughly 300 pips has resulted in a clear Bullish Confirmation Pattern in the chart, and this is a situation that could continue this week, for the outlook is already bullish.

Source: www.instaforex.com

The USD/JPY moved upwards by over 90 pips on Monday, closing above the demand level at 124.50. The next targets for this week are located at the supply levels of 125.00 and 125.50, which would be attained as long as the Yen is weak.

EUR/USD: The dominant bias here remains bearish, irrespective of a formidable rally in the context of the downtrend, which occurred last week. This price action would be taken as a short-selling opportunity unless the resistance line at 1.1100 is overcome. The support line at 1.0850 was tested last week and it could be tested again this week.

USD/CHF: The bulls are making desperate efforts to push the price upwards, but the outcome would depend of what happens to the CHF. For the pair to move upwards, the CHF has become weak, since the USD/CHF would find it difficult to experience any meaningful rally if the CHF remains strong.

GBP/USD: The Cable has continued its gradual journey to the downside. A movement of about 100 pips to the downside has made the Bearish Confirmation Pattern in the market to be stronger. Short trades still make lots of sense in this market, for the accumulation territories at 1.5150 and 1.5100 could soon be attained.

USD/JPY: The USD/JPY moved upwards by over 90 pips on Monday, closing above the demand level at 124.50. The next targets for this week are located at the supply levels of 125.00 and 125.50, which would be attained as long as the Yen is weak.

EUR/JPY: One factor that would keep this cross going upwards is the fact that the Yen is weak, but the upwards movement can be accelerated further in an event in which the Euros gains lots of stamina. The bulls are now trying to reach the supply zone at 137.00, which would be attained irrespective of strong volatility in the market.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

The USD/JPY moved sideways last week and it later broke upwards significantly as a result of the employment figures coming out of the US. The upwards break happened in the context of an uptrend and thus, further upward movement is possible this week.

EUR/USD: The popular Non-Farm Employment Change and other employment figures coming out of the US and Canada caused significant impact on the markets on June 5, 2015. The figures had positive effects on USD and CAD and therefore, other USD pairs and CAD pairs were seriously affected in the near-term. The effect on EURUSD was negative, which was trying to make some bullish attempt last week. There is a bullish outlook on this market unless the support line at 1.1000 is breached to the downside. The NFP has given potential buyers an opportunity to enter the market at better prices, because there could be an upwards bounce. However, a movement below the aforementioned support line could be a beginning of another bearish run.

USD/CHF: The NFP had a positive impact on the USD/CHF, though the major bias remains bearish. The bearish bias would be in place until the USD/CHF goes above the resistance level at 0.9550. Unless that happens, long trades are not advisable.

GBP/USD: The NFP had a negative effect on this pair, thus driving the already weak price further south. Initially last week, the bulls tried to push the price upwards, but the effect was thwarted by the NFP, resulting in the forfeiture of the bullish gains that were made last week. The price could fall further from here.

USD/JPY: The USD/JPY moved sideways last week and it later broke upwards significantly as a result of the employment figures coming out of the US. The upwards break happened in the context of an uptrend and thus, further upward movement is possible this week.

EUR/JPY: The EUR/JPY cross moved upwards very strongly last week. This is the kind of movement that benefits traders more, when compared with weak movements. A weekly movement of 500 pips is something that is significant enough to generate a Clean Bullish Confirmation Pattern in the market. The outlook for this week is bullish.

Source: www.instaforex.com

EUR/USD: The EUR/USD moved upwards by 200 pips on Monday, closing above the support line at 1.1250. Further bullish movement is possible and the next targets for the bulls are located at the resistance lines of 1.1400 and 1.1450.

USD/CHF: The USD/CHF moved downwards by 150 pips on Monday, closing below the resistance level at 0.9300. Further bearish movement is possible and the next targets for the bears are located at the support levels of 0.9250 and 0.9200.

GBP/USD: In a negative correlation attempt with the EUR/USD, the Cable also made some weak upwards effort (though the general market outlook remains bearish). Only a movement above the distribution territory at 1.5450 would lead to the beginning a new bullish signal; otherwise sell short.

USD/JPY: This pair has been coming down gradually, starting from this week. This can be rightly called a bearish correction in a context of an uptrend. It might happen that the price would go upwards from here, for the uptrend cannot be invalidated as long as the price is above the demand level at 123.00.

EUR/JPY: Once again, we see the Euro at work (as other EUR pairs also rally). In the next several days, what happens to the Euro would be the major determinant of the movement of this cross, more than what happens to the Yen. There is a Bullish Confirmation Pattern in this market and thus, further northward movement is possible.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders

In spite of the struggles of the bulls, the USD/JPY is still bearish in the short-term. The only factor that can render the bearish trend useless is an event in which the price goes above the supply level at 125.00; otherwise the bearish outlook would be valid for most part of this week.

EUR/USD: There is still a valid ‘buy’ signal on this pair, and it is rational to expect that the pair would go further upwards, testing the resistance lines at 1.1350 and 1.1400. After all, the resistance line at 1.1350 was tested last week. A continuous movement above the support line at 1.1150 would make the bullish expectation valid; otherwise, things would go bearish.

USD/CHF: This is a bear market, and the desperate struggle between the bulls and bears have created lots of volatility here. Last week, it can be seen that the price tested the support line at 0.9250 a few times, but it was unable to break it to the downside. The support line must be broken to the downside this week in order for the bearish bias to be strengthened further. Should that fail to happen, there would be a high risk of a bullish breakout.

GBP/USD: The Cable is currently strong and it should reach the distribution territory at 1.5700 this week. Nevertheless, a serious weakness could happen later this week or before the end of the month.

USD/JPY: In spite of the struggles of the bulls, the USD/JPY is still bearish in the short-term. The only factor that can render the bearish trend useless is an event in which the price goes above the supply level at 125.00; otherwise the bearish outlook would be valid for most part of this week.

EUR/JPY: The dominant bias on this cross is bullish but the current price action in the market is a threat to the dominant bias. This week and next week, the events on this cross would be largely determined by what happens to the Euro; and therefore a significant weakness in the Euro could make the cross tumble.

Source: www.instaforex.com

EUR/USD: The EUR/USD has the potential to move further upwards, reaching the resistance line at 1.1350. With more buying pressure, another resistance line at 1.1400 could also be reached. However, any movement below the support line at 1.1150 would pose a serious threat to the extant bullish outlook.

USD/CHF: This pair continues to be volatile as the struggles between the bull and the bear continue. As it was mentioned last week, the support level at 0.9250 should be breached to the downside so that the existing bearish bias would be made stronger. Otherwise, there would be a risk of a significant upward movement.

GBP/USD: This pair has the potential to move further upwards, reaching the distribution territory at 1.5650. With more buying pressure, another distribution territory at 1.5700 could also be reached. However, any movement below accumulation territory at 1.5400 would pose a serious threat to the extant bullish outlook.

USD/JPY: In spite of the struggles of the bulls, the USD/JPY is still bearish in the short-term. The only factor that can render the bearish trend useless is an event in which the price goes above the supply level at 125.00; otherwise the bearish outlook would be valid for most part of this week.

EUR/JPY: The consolidation phase that started here last week has continued till now. The bulls are making attempts, which could become more conspicuous when the supply zone at 140.50 is crossed to the upside. This expectation may, nevertheless, not materialize if the EUR becomes seriously weak.

Source: www.instaforex.com

What Super Traders Don’t Want You To Know: Super Traders