Instaforex Trading Forecasts

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244

After testing the accumulation territory at 1.5250, the Cable spiked upwards last week. However, the overall bias remains bearish and it cannot be rendered invalid unless the distribution territory at 1.5500 is overcome. Until that happens, any rallies could be taken as mere long squeezes (transitory rallies).

EUR/USD: This pair tested the support line at 1.0900, and later bounced upwards in the context of a downtrend. Nevertheless, the overall bias remains bearish and unless the price goes above the resistance line at 1.1150 (which would require a serious buying pressure), the bias would remain bearish. The support line at 1.0900 could thus be tested again in case the selling pressure resumes in earnest. The outlook on the USD is bullish for the month of November 2015.

USD/CHF: This pair tested the resistance level at 0.9950, and later got corrected downwards in the context of an uptrend. Nevertheless, the overall bias remains bullish and unless the price goes below the support level at 0.9750 (which would require a serious selling pressure), the bias would remain bullish. The resistance level at 0.9950 could thus be tested again in case the buying pressure resumes in earnest.

GBP/USD: After testing the accumulation territory at 1.5250, the Cable spiked upwards last week. However, the overall bias remains bearish and it cannot be rendered invalid unless the distribution territory at 1.5500 is overcome. Until that happens, any rallies could be taken as mere long squeezes (transitory rallies).

USD/JPY: Although the current outlook on this pair is bullish, the price has not made any serious directional movement so far. What can be seen in the chart is the alternating movements between the bulls and the bears: The price needs to continue moving upwards, otherwise, the market could enter another equilibrium phase.

EUR/JPY: This cross first went south last week and it then moved upwards in the context of a downtrend. Normally, the cross would be weak as long as the EUR is weak, but this can be reversed in case the JPY becomes weaker than the EUR. Except in certain cases, the JPY pairs could rally significantly this month.

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245

The GBP/USD made a bullish attempt on Monday, but the bears came in and pushed the price back below the distribution territory at 1.5450. There is now a bullish signal in the market, which would be sensible as long as the accumulation territory at 1.5300 is not breached to the downside.
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EUR/USD: There was no directional movement on the EUR/USD on Monday, and so, it can be said that the price simply consolidated in the context of a downtrend. There would soon be a serious directional movement in the market, which would happen today or tomorrow. The EUR/USD is expected to make further downward movement, especially in the face of the expected stamina in the Greenback.

USD/CHF: This pair tested the resistance level at 0.9950, and later got corrected downwards in the context of an uptrend. Nevertheless, the overall bias remains bullish and unless the price goes below the support level at 0.9750 (which would require a serious selling pressure), the bias would remain bullish. The resistance level at 0.9950 could thus be tested again in case the buying pressure resumes in earnest.

GBP/USD: The GBP/USD made a bullish attempt on Monday, but the bears came in and pushed the price back below the distribution territory at 1.5450. There is now a bullish signal in the market, which would be sensible as long as the accumulation territory at 1.5300 is not breached to the downside.

USD/JPY: Although the current outlook on this pair is bullish, the price has not made any serious directional movement so far. What can be seen in the chart is the alternating movements between the bulls and the bears: The price needs to continue moving upwards, otherwise, the market could enter another equilibrium phase.

EUR/JPY: This cross made a faint bullish effort on Monday – all in the context of a downtrend. The cross would be weak as long as the EUR is weak. For this cross to rally, the JPY would need to be weaker than the EUR, which is not the situation at the moment.

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246

Among the majors, the Cable was the strongest moving last week. The movement was so strong that the price fell by 400 pips, testing the accumulation territory at 1.5050. The outlook on this market remains bearish and it is possible that the accumulation territories at 1.5000 and 1.4950 would be attained this week.

EUR/USD: The EUR/USD went down by 300 pips last week, in conjunction with the bearish outlook on the market. There are resistance lines at 1.0850 and 1.0900, which should resist any serious bullish attempts as the price endeavors to go further south. There are also support lines at 1.0650 and 1.0600. These are the potential targets for the bears this week.

USD/CHF: Last week, this pair achieved a predictable feat – the USD reaching parity with the CHF. The price went above the great psychological levels at 1.0000 and 1.0050, closing above the latter on Friday. In the face of the ongoing strength in the Greenback, the pair would continue its upwards journey this week, possibly reaching the resistance levels at 1.0100 and 1.0150.

GBP/USD: Among the majors, the Cable was the strongest moving last week. The movement was so strong that the price fell by 400 pips, testing the accumulation territory at 1.5050. The outlook on this market remains bearish and it is possible that the accumulation territories at 1.5000 and 1.4950 would be attained this week.

USD/JPY: The price on this currency trading instrument moved upwards slowly and steadily last week, and then jumped further upwards on November 6, 2015. Price closed at 123.17 on that day, on a strong bullish note. The bullish journey would continue this week (and this month), owing to a positive outlook on most JPY pairs.

EUR/JPY: The EUR/JPY remains in a bearish mode, though the journey southward was not significant last week. As long as the Euro is strong, the EUR/JPY would continue trending downwards. The only occurrence that can reverse this expectation is the occurrence that enables the Yen to be suddenly weaker than the Euro.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

247

In the context of a downtrend, the GBP/USD bounced upwards on Monday, moving above the accumulation territory at 1.5100. This is seen as a faint bullish attempt in the context of a downtrend, and unless the price goes above the distribution territories at 1.5300 and 1.5350, the bullish attempt might be taken as short-selling opportunities.

EUR/USD: The EUR/USD simply moved sideways on Monday. There are resistance lines at 1.0850 and 1.0900, which should resist any serious bullish attempts as the price endeavors to go further south. There are also support lines at 1.0650 and 1.0600. These are the potential targets for the bears this week.

USD/CHF: In the face of the ongoing strength in the Greenback, the USD/CHF would continue its upwards journey this week, possibly reaching the resistance levels at 1.0100 and 1.0150. Therefore, the current shallow pullback should be viewed as opportunities to go long.

GBP/USD: In the context of a downtrend, the GBP/USD bounced upwards on Monday, moving above the accumulation territory at 1.5100. This is seen as a faint bullish attempt in the context of a downtrend, and unless the price goes above the distribution territories at 1.5300 and 1.5350, the bullish attempt might be taken as short-selling opportunities.

USD/JPY: After topping at 123.50, this currency trading instrument got corrected lower, though the outlook on the market is bright. In the face of the expected bullish movements on most JPY pairs this month (coupled with the strength in the USD), it is logical to conclude that this currency trading instrument would continue its upward journey, going above the supply level at 123.50 again.

EUR/JPY: The EUR/JPY remains in a bearish mode, though the journey southward is not significant. As long as the Euro is strong, the EUR/JPY would continue trending downwards. The only occurrence that can reverse this expectation is the occurrence that enables the Yen to be suddenly weaker than the Euro.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

248

Last week, the EUR/JPY cross merely moved in a choppy, sideways manner. The price zigzagged between the demand zone at 131.50 and the supply zone at 133.00. This week, the EUR/JPY might find it difficult to rally significantly, especially as long as the EUR is weak.

EUR/USD: There was no serious upwards or downwards movements on the EUR/USD pair in the entire last week. For the year 2015, last week saw the tightest sideways movements on most majors, each of which did not move upwards or downwards by 50 pips in certain cases. Although the equilibrium movement could continue, there would soon be a rise in the market momentum.

USD/CHF: This pair simply moved sideways throughout last week, shrugging of all the fundamental data that could impact it. Last week, most major pairs shrugged off most of the fundamental figures that were supposed to affect them (except the employment figures coming out of Australia, which affected AUD pairs). The current consolidation movement could continue until there is a breakout, which would most probably be in favor of the current bullish bias.

GBP/USD: After testing the accumulation territory at 1.5050, the price gradually bounced upwards by 200 pips, reaching the distribution territory at 1.5250. As long as the distribution territory at 1.5350 is not broken to the upside, the recent bearish bias would not be violated. It is probable that the bearish journey would be resumed in earnest.

USD/JPY: In the context of an uptrend, this pair simply consolidated to the downside. The price tested the supply level at 123.50 and got corrected lower, testing the demand level at 122.50. It is possible that the pair would still go further upwards; possibly breaking the supply level at 123.50 to the upside (for it is possible for JPY pairs to assume a bullish journey before the end of this month).

EUR/JPY: Last week, the EUR/JPY cross merely moved in a choppy, sideways manner. The price zigzagged between the demand zone at 131.50 and the supply zone at 133.00. This week, the EUR/JPY might find it difficult to rally significantly, especially as long as the EUR is weak.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

249

This week, the USD/JPY rose from the demand level at 122.50, almost reaching the supply level at 123.50. This is happening in solidarity with the extant bullish outlook on the market, and since there is a Bullish Confirmation Pattern in the market, it is rational to assume the bullish journey would continue gradually.

EUR/USD: In solidarity with the extant bearish outlook, the EUR/USD price has moved further downwards this week. The movement has happened by over 60 pips. The support line at 1.0650 is currently being penetrated and it could end up being breached to the downside. There are resistance lines at 1.0700 and 1.0750.

USD/CHF: Since the EUR/USD is going further downwards, the USD/CHF is going further upwards. The price is now over the support level at 1.0100, going towards the resistance level at 1.0150, which might even be breached to the upside, provided the bullish bias continues to hold out.

GBP/USD: After testing the accumulation territory at 1.5050, the price gradually bounced upwards by 200 pips, reaching the distribution territory at 1.5250. As long as the distribution territory at 1.5350 is not broken to the upside, the recent bearish bias would not be violated. It is probable that the bearish journey would be resumed in earnest, but now, the price is quite consolidating.

USD/JPY: This week, the USD/JPY rose from the demand level at 122.50, almost reaching the supply level at 123.50. This is happening in solidarity with the extant bullish outlook on the market, and since there is a Bullish Confirmation Pattern in the market, it is rational to assume the bullish journey would continue gradually.

EUR/JPY: This cross opened with a minor gap this week, and then the price bounced upward on Monday, before experiencing the current bearish retracement. The bearish outlook is, nevertheless, valid. In the currency markets, the movements this week would be faster and stronger than the movements last week, owing to small gaps that are noticed on some pairs and crosses.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

250

The USD/JPY did not make any significant directional movement last week. It just went up and down in a shallow manner, though the bullish bias remains valid. This week, there is a probability that the pair could continue moving upwards, owing to the expected loss of stamina in the Yen.

EUR/USD: There was no directional movement on the EUR/USD last week, as the market simply went up and down in an unreliable manner, closing at 1.0645 on Friday. It is possible that the price would continue south; and it is also possible that the price would rise sharply. This week would witness the possibilities.

USD/CHF: This pair trudged upwards slowly and gradually last week, testing the resistance level at 1.0200 without being able to go above it. For the bullish bias to continue to hold out, the resistance level ought to be broken to the upside this week (while the price stays above it).

GBP/USD: This currency trading instrument went upwards by about 150 pips last week, going briefly above the distribution territory at 1.5300 before going below it. This created a bogus bullish signal as the bears came in and pushed the price back to the level it was before the end of the week. A movement below the accumulation territory at 1.5150 would reinforce the existing bearish outlook, while a movement above the distribution territory at 1.5400 would mean a complete end to the existing bearish outlook.

USD/JPY: The USD/JPY did not make any significant directional movement last week. It just went up and down in a shallow manner, though the bullish bias remains valid. This week, there is a probability that the pair could continue moving upwards, owing to the expected loss of stamina in the Yen.

EUR/JPY: The EUR/JPY cross closed below the supply level at 131.00, in solidarity with the ongoing bearish outlook in the market. Although this cross would find it difficult to go upwards as long as the Euro is very weak, unless the Yen shows more serious weakness versus the Euro. This is also a possibility this week, because JPY pairs could still rally in November.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

251

EUR/USD: This currency trading instrument did not make any significant movement on Monday, though the bias remains bearish. It is possible that the price would continue south; and it is also possible that the price would rise sharply. This week would witness the possibilities.

USD/CHF: This pair also did not move upwards very much on Monday, though the bias is bullish. The price now lays siege at the resistance level of 1.0200, which must be broken to the upside so that the bullish bias could continue. On the other hand, there are support levels at 1.0150 and 1.0100.

GBP/USD: The Cable traded lower on Monday – something that started on Friday. Since then, the price has come down by at least, 170 pips, moving close to the accumulation territory at 1.5100. The next target for the bears is easy: The aforementioned accumulation territory, which would be breached to the downside for the bearish journey to continue.

USD/JPY: The USD/JPY is still behaving exactly as it did last week. It just went up and down in a shallow manner, though the bullish bias remains valid. This week, there is a probability that the pair could continue moving upwards, owing to the expected loss of stamina in the Yen.

EUR/JPY: This cross still shows a strong willingness to continue trending downwards, in conjunction with the extant bias in the market. The Bearish Confirmation Pattern in the chart is very strong and the weakness in the market should continue as long as the Euro is weak versus the Yen.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

252

The EUR/JPY has shown determination to keep on moving downwards. The bias is bearish and this would continue as long as the EUR is weak. The price looks ready to break the demand zone at 130.00 to the downside. Only a very strong weakness in the JPY could reverse the trend.

EUR/USD: The EUR/USD merely consolidated to the downside – in the context of a downtrend. The support line at 1.0550 would soon be tested and it could even be breached to the downside. The support line at 1.0500 is thus the potential target for the week.

USD/CHF: Since going above the big support level at 1.0000, this pair has moved upwards by 300 pips, testing the resistance level at 1.0300. The Bullish Confirmation Pattern in the market is very strong, and further bullish movement is anticipated, especially in the face of the bright outlook on the US Dollar (as well as the CAD).

GBP/USD: The Cable moved downwards by 140 pips last week, closing below the distribution territory at 1.5050. Yes, it is highly possible that the current bearish bias would be sustained, because the outlook on GBPUSD (including GB pairs) is gloomy for the month of December 2015. It is likely that the price would drop further by 150 pips minimum.

USD/JPY: The bias on this currency trading instrument has become neutral in the near-term, owing to the fact that the price merely traded sideways last week. A breakout to the upside or to the downside is definitely expected this week, which would either take the price below the demand level at 122.00 or above the supply level at 123.50. A break above the supply level at 123.50 is more likely because the outlook on the USD is bright.

EUR/JPY: The EUR/JPY has shown determination to keep on moving downwards. The bias is bearish and this would continue as long as the EUR is weak. The price looks ready to break the demand zone at 130.00 to the downside. Only a very strong weakness in the JPY could reverse the trend.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

253

The USD/JPY has now moved above the demand level at 123.00. It is highly probable that the price would reach the supply level at 123.50; and in case this happens, the bullish signal in the market would have become stronger. Further bullish movement is expected in the market.

EUR/USD: The EUR/USD merely consolidated to the downside – in the context of a downtrend. The support line at 1.0550 would soon be tested and it could even be breached to the downside. The support line at 1.0500 is thus the potential target for the week.

USD/CHF: Since going above the big support level at 1.0000, this pair has moved upwards by 300 pips, testing the resistance level at 1.0300. One good method for dealing with this pair is to buy the dips in the context of an uptrend (which is happening right now), since the outlook on the USD remains bullish. Further bullish journey is a possibility.

GBP/USD: The Cable simply performed a shallow upward bounce on Monday, while the outlook remains bearish. Yes, it is highly possible that the current bearish bias would be sustained, because the outlook on GBPUSD (including GB pairs) is gloomy for the month of December 2015. It is likely that the price would drop further by 150 pips minimum.

USD/JPY: The USD/JPY has now moved above the demand level at 123.00. It is highly probable that the price would reach the supply level at 123.50; and in case this happens, the bullish signal in the market would have become stronger. Further bullish movement is expected in the market.

EUR/JPY: Yesterday, there was not much activity on this cross. There is still a clean Bearish Confirmation Pattern in the market – as long as the EUR is weak. Any rallies that are witnessed in this market would merely signal short-selling opportunities. Unless the JPY loses strength significantly, long trades are not rational.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

254

Last week, the EUR/JPY rose from the demand zone at 130.00, testing the supply zone at 134.50. This was a movement of 450 pips, which was an exponential movement brought about by the great stamina in the EUR. The price is currently consolidating, but we might witness further bullish breakout in the market, since the outlook on the JPY pairs is bright for the month of December.

EUR/USD: There is a now a Bullish Confirmation Pattern in the market, which has overturned the recent bearish bias abruptly. This market should trend further upwards this week; otherwise what happened last week would turn out to be a false breakout. More fundamental figures are expected this week and they could have impact on the markets.

USD/CHF: This pair dropped by 400 pips last week, turning bearish abruptly. There is now a clean Bearish Confirmation Pattern in the chart, because the price has already gone below the great psychological resistance level at 1.0000. It might require some difficulty for the price of the USD/CHF to go above the great resistance level again, owing to its negative correlation to the EUR/USD and the fact that the CHF itself might rally in the middle of December.

GBP/USD: The GBP/USD rose from the accumulation territory at 1.4900, to test the distribution territory at 1.5150 (a movement of 250 pips). However, there is a need for the price to move further upwards by 150 pips before the extant bearish outlook can be rendered invalid. Really, the outlook on GBP pairs remains gloomy.

USD/JPY: Despite strong movements of major pairs last week, this currency trading instrument merely moved sideways. There were short-term upswings and downswings in the market, which made the market condition great for scalpers and intraday traders. The bias is neutral – and it may continue as such until there is a movement of at least 200 pips upwards or downwards.

EUR/JPY: Last week, the EUR/JPY rose from the demand zone at 130.00, testing the supply zone at 134.50. This was a movement of 450 pips, which was an exponential movement brought about by the great stamina in the EUR. The price is currently consolidating, but we might witness further bullish breakout in the market, since the outlook on the JPY pairs is bright for the month of December.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

255

EUR/USD: Since testing the resistance line at 1.0950, the EUR/USD has gone down by 150 pips. For the recent bullish breakout not to be a false one, there is a need for the price to continue journeying upwards. Otherwise, the price would go further downwards, which might eventually threaten the bullish stance.

USD/CHF: Since testing the resistance level at 0.9900, the USD/CHF has gone up by 100 pips. For the recent bearish breakout not to be a false one, there is a need for the price to continue journeying downwards. Otherwise, the price would go further upwards, which might eventually threaten the bearish stance.

GBP/USD: This market has moved downward by 100 pips since last Friday. Even the bullish attempt we saw on Thursday was not strong enough to render the current bearish outlook invalid, since the stance on the GBPUSD is bearish. It is possible that the bearish signal in the market would be sustained.

USD/JPY: Despite strong movements of major pairs last week, this currency trading instrument merely moved sideways. There were short-term upswings and downswings in the market, which made the market condition great for scalpers and intraday traders. The bias is neutral – and it may continue as such until there is a movement of at least 200 pips upwards or downwards.

EUR/JPY: This market is currently consolidating, but we might witness further bullish breakout in the market, since the outlook on the JPY pairs is bright for the month of December. There is a Bullish Confirmation Pattern in the market – the price might still go further upwards despite occasional consolidations and pullbacks.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

256

The EUR/JPY consolidated in the first few trading days of last week, and then traded lower. The lower movement was shallow because the extant bias remains bullish. It is possible that the price would continue trading lower, which may threaten the bullish bias. The only thing that can change this is when the Yen loses stamina.

EUR/USD: The bullish breakout that happened on this pair on December 3, 2015 has been sustained so far. This means that the breakout was not a false one. The price moved upwards last week, closing just below the resistance line at 1.1000, which is an important price area. With the ongoing buying pressure in the market, the price could go above the resistance line this week. One thing should be noted, we may witness some weakness in the EUR/USD before the end of this month.

USD/CHF: The USD/CHF traded further downward last week. Within the last two weeks, the price has come down by over 460 pips, suggesting further southward attempts. This is possible because the USD/CHF faces two challenges: the Euro is strong and the Swiss Franc could potentially rally before the Christmas Eve. Nonetheless, the USD might rally against other currencies.

GBP/USD: From Monday to Tuesday last week, the Cable trended downwards. However, from Tuesday to Friday, it trended upwards, closing above the accumulation territory at 1.5200. An upwards of 250 pips since last Tuesday has enabled a Bullish Confirmation Pattern to form in the market. The distribution territories at 1.5250 and 1.5300 are potential targets for the bulls, though that does not rule out the chances of pullbacks in the market.

USD/JPY: After almost reaching the supply level at 123.50, this currency trading instrument pulled backed in a large manner (a movement of 250 pips). This has led to a “sell” signal in the market, though the outlook on JPY pairs remains bullish for the month of December 2015. Until that bullish outlook materializes, the current “sell” signal should be respected.

EUR/JPY: The EUR/JPY consolidated in the first few trading days of last week, and then traded lower. The lower movement was shallow because the extant bias remains bullish. It is possible that the price would continue trading lower, which may threaten the bullish bias. The only thing that can change this is when the Yen loses stamina.

Source: www.instaforex.com

257

The USD/JPY traded lower on Monday, underlining the ongoing weakness in the market. The demand level at 120.50 has been tested and it could be tested again. In case that demand level is breached to the downside, the next target would be the demand level at 120.00. A serious weakness in the Yen is needed for the bearish trend to reverse.

EUR/USD: This pair is making attempts to go above the important resistance line at 1.0000. With the ongoing buying pressure in the market, the price could go above the resistance line this week. One thing should be noted, we may witness some weakness in the EUR/USD before the end of this month.

USD/CHF: The USD/CHF faces two challenges: the Euro is strong and the Swiss Franc could potentially rally before the Christmas Eve. Nonetheless, the USD might rally against other currencies. The price moved a bit lower on Monday, and this could be sustained today.

GBP/USD: This currency trading instrument came down by 100 pips on Monday, though that is no threat to nascent bullish signal in the market. The price would need to go below the accumulation territory at 1.5000 before it can be said that the bullish bias is over. Unless that happens, it is likely that the price would go upwards again. Therefore, any shallow pullbacks like this could potentially be a “buy” signal.

USD/JPY: The USD/JPY traded lower on Monday, underlining the ongoing weakness in the market. The demand level at 120.50 has been tested and it could be tested again. In case that demand level is breached to the downside, the next target would be the demand level at 120.00. A serious weakness in the Yen is needed for the bearish trend to reverse.

EUR/JPY: The EUR/JPY merely consolidated on Monday, and there was nothing significant. It is possible that the price would continue trading lower, which may threaten the bullish bias. This is called a consolidation to the downside; plus the only thing that can change this is when the Yen loses stamina.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

258

Last week, the USD/JPY tested the demand level at 120.50 and later rallied to test the supply level at 123.50. Afterwards, the price dropped by 230 pips to close below the supply level at 121.50. In face of these wild swings, the bias on the market is bearish, which means that the support level at 121.00 would be easily tested.

EUR/USD: Last week, the EUR/USD reached the resistance line at 1.1050 (and almost the support line at 1.0800). This is a real threat to the current bullish outlook, and a further bearish movement of 150 pips would mean the bullish outlook is completely illogical. Until then, this remains a bear market.

USD/CHF: After testing the support level at 0.9800, the USD/CHF has been making some vivid bullish attempts, all in the context of a downtrend. At this juncture, it is not easy to predict the movement of the market, but the bearish bias would not be rendered invalid as long as the resistance level at 1.0050 is not overcome.

GBP/USD: Based on our expectation, the Cable fell by 300 pips last week, reaching the accumulation territory at 1.4900. There is a strong Bearish Confirmation Pattern in the market and there is a possibility that the Cable would continue dropping further and further. Therefore, any rallies seen in the market should be taken as short-selling opportunities.

USD/JPY: Last week, the USD/JPY tested the demand level at 120.50 and later rallied to test the supply level at 123.50. Afterwards, the price dropped by 230 pips to close below the supply level at 121.50. In face of these wild swings, the bias on the market is bearish, which means that the support level at 121.00 would be easily tested.

EUR/JPY: Last week, this market moved sideways from Monday to Thursday, and broke downwards on Friday. The southward break was significant enough to result in a bearish outlook, which means that the market would continue its weakness as long as the EUR is weak.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

259

The GBP/USD consolidated on Monday, in the context of a downtrend. There is a possibility of a breakout today or tomorrow, which is most likely to be in favor of the bears. Any rallies seen in this market should be taken as short-selling opportunities.

EUR/USD: The EUR/USD went slightly higher on Monday. The price is above the support line at 1.0900, nosing towards the resistance level at 1.0950. The price would either go above the aforementioned resistance line or below the aforementioned support line, based on what happens today.

USD/CHF: After testing the support level at 0.9800, the USD/CHF has been making some vivid bullish attempts, all in the context of a downtrend. At this juncture, it is not easy to predict the movement of the market, but the bearish bias would not be rendered invalid as long as the resistance level at 1.0050 is not overcome.

GBP/USD: The GBP/USD consolidated on Monday, in the context of a downtrend. There is a possibility of a breakout today or tomorrow, which is most likely to be in favor of the bears. Any rallies seen in this market should be taken as short-selling opportunities.

USD/JPY: After the bearish signal we got last week, the USD/JPY still shows the possibility of going further downwards. The demand level at 120.50 is the next possible target for the bears, which might be reached today or tomorrow. On the other hand, the supply level at 122.00 might check any possible rallies along the way.

EUR/JPY: This currency trading instrument simply moved sideways on Monday, with no directional movement. The price is currently trying to bounce upwards while the outlook remains bearish. The bearish outlook will not be rendered useless as long as the price does not go above the supply zone at 133.50.

Source: Forex | Online Forex Trading | Currency Trading | Forex Broker

260

The USD/JPY has trended nicely downwards last week. The price has moved down by 110 pips, now below the supply level at 120.50, and going towards the demand level at 120.00. There is a very strong Bearish Confirmation Pattern in the chart; plus it is likely that the price would go further south when momentum returns to the market.

EUR/USD: Last week, this pair closed at 1.0952, on a slight bullish note. There may not be a serious moment in the market this week, owing to “thin” trading activity, but we could see surprise movements on some EUR pairs (like EURNZD, EURAUD and EURCAD). On the EUR/USD, there is likelihood that the resistance lines at 1.0950 and 1.0000 would be reached within the next several trading days.

USD/CHF: This market merely moved sideways last week, with no significant journey to the upside or to the downside. There could be some movement in the market this week, but nothing extraordinary is expected. However, it is very much likely that momentum would return to the market in the first week of January 2016.

GBP/USD: What has happened so far on the Cable is what can be rightly called a rally in the context of an uptrend. The price has been going upward gradually since last week, while the outlook on the market remains bearish. Only a movement above the distribution territory at 1.5050 would render the bearish outlook invalid; otherwise, the current rally would be logically taken for another short-selling opportunity.

USD/JPY: The USD/JPY has trended nicely downwards last week. The price has moved down by 110 pips, now below the supply level at 120.50, and going towards the demand level at 120.00. There is a very strong Bearish Confirmation Pattern in the chart; plus it is likely that the price would go further south when momentum returns to the market.

EUR/JPY: The upwards bounce we witnessed last week proved to be an opportunity to sell short. The price has come down after that, trying the demand zone at 131.50 – which might be breached to the downside soon.

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The GBP/USD moved slightly downwards on Monday, proving that the rally we saw late last week was merely an upward bounce in the context of a downtrend. Further bearish movement is expected this week and next week (as it is also expected on other GBP pairs); therefore the accumulation territories at 1.4850 and 1.4800 would be tested.

EUR/USD: This pair was quiet on Monday, and there may not be a serious movement in the market this week, owing to “thin” trading activity, but we could see surprise movements on some EUR pairs (like EURNZD, EURAUD and EURCAD). On the EUR/USD, there is likelihood that the resistance lines at 1.0950 and 1.0000 would be reached within the next several trading days.

USD/CHF: This market merely moved sideways on Monday, with no significant journey to the upside or to the downside. There could be some movement in the market this week, but nothing extraordinary is expected. However, it is very much likely that momentum would return to the market in the first week of January 2016.

GBP/USD: The GBP/USD moved slightly downwards on Monday, proving that the rally we saw late last week was merely an upward bounce in the context of a downtrend. Further bearish movement is expected this week and next week (as it is also expected on other GBP pairs); therefore the accumulation territories at 1.4850 and 1.4800 would be tested.

USD/JPY: On the USD/JPY, the price has moved down by 110 pips, now below the supply level at 120.50, and going towards the demand level at 120.00. There is a very strong Bearish Confirmation Pattern in the chart; plus it is likely that the price would go further south when momentum returns to the market.

EUR/JPY: The upwards bounce we witnessed last week proved to be an opportunity to sell short. The price has come down after that, plus the demand zone at 131.50 is the next target – which might be breached to the downside soon.

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The GBP/USD moved down by 170 pips last week, closing below the distribution territory at 1.4750. There is still a great probability that the market could continue going further south, because the outlook on the GBP/USD (including other GBP pairs) is bearish. The price might test the accumulation territories at 1.4700 and 1.4650 this week.

EUR/USD: The inability of the EUR/USD to go further higher has resulted in a bearish movement, though slight it was. The price is now threatening to test the support line at 1.0850; which is most likely to occur. By all indication, the bears would succeed in driving the EUR/USD further south this week.

USD/CHF: The sudden weakness in the CHF caused this pair to break out of its long-term base last week. Owing to the bullish breakout, there is now a bullish signal in the market, and there is a tendency that the market could trend further higher from here. Should that happen, the resistance levels at 1.0050 and 1.0100 could be reached soon.

GBP/USD: The GBP/USD moved down by 170 pips last week, closing below the distribution territory at 1.4750. There is still a great probability that the market could continue going further south, because the outlook on the GBP/USD (including other GBP pairs) is bearish. The price might test the accumulation territories at 1.4700 and 1.4650 this week.

USD/JPY: This currency trading instrument simply consolidated last week. A closer look at the chart shows that the price consolidated to the downside at the close of trading activities last week, testifying to the ongoing weakness in the market. It is possible that the market would continue moving further downwards this week.

EUR/JPY: The weakness in the Euro caused the EUR/JPY to drop by 150 pips last week. The movement on this cross would be determined by whatever happens to the Euro. The price might attain the demand zones at 130.00 and 129.50 before the end of this week; because there is a Bearish Confirmation Pattern in the market.

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The EUR/JPY went further south on Monday. The market is now moving in a directional manner, and since the bearish bias started last week, price has dropped by 300 pips. Price is now under the supply zone at 129.50, with the possibility of reaching the demand zone at 128.50.

EUR/USD: Some form of weakness is perceived on this currency trading instrument. And since it tends to go into an opposite direction of the USD/CHF, the currency trading instrument would be weak as long as the USD/CHF is strong. More bearish movement of at least, 100 pips, is possible within the next few days.

USD/CHF: It is good that the USD/CHF went upwards in a predictable manner yesterday. The new “buy” signal that was seen last week has now resulted in a Bullish Confirmation Pattern in the market. By all indication, price is supposed to continue moving further north, with the possibility of it reaching the resistance level at 1.0100. The price has gone above the great support level at 1.0000 already.

GBP/USD: The Cable performed some near-term upswings and downswings on Monday, while the trend in the market remains bearish. There is a high probability that the price would still go further south. The accumulation territories at 1.4650 and 1.4600 are the potential targets for this week.

USD/JPY: This pair experienced some form of weakness on Monday, just as most JPY pairs experienced weakness on the same day. The bias on the pair is bearish, and thus, further weakness is expected in the market, which might make the price go below the demand level at 119.00, which was tried before the current upward bounce (that could be transitory).

EUR/JPY: The EUR/JPY went further south on Monday. The market is now moving in a directional manner, and since the bearish bias started last week, price has dropped by 300 pips. Price is now under the supply zone at 129.50, with the possibility of reaching the demand zone at 128.50.

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