Do you get paid for this ?
Else why do you bother putting up “maybe’s ?”
Daily analysis of major pairs for January 9, 2018
The EUR/JPY has started going downward this week. The market has gone south by 170 pips and it is now below the supply zone at 134.50. Once the demand zone at 133.50 is breached to the downside, a Bearish Confirmation Pattern would be formed in the 4-hour chart. Price is expected to continue going lower.
EUR/USD: The EUR/USD has gone downwards by 100 pips this week, and price is below the resistance lines at 1.2000 and 1.1950. It is possible that price would go downwards by another 100 pips (at least) today or tomorrow, and thus, the next targets would be the support lines at 1.1900 and 1.1850.
USD/CHF: The market has gone upwards by 70 pips this week – now above the support level at 0.9800. Further bullish movement may lead to a Bullish Confirmation Pattern in the chart – especially when the resistance level at 0.9900 is breached to the upside. The ultimate target is the great resistance level at 1.0000. This is on the condition that the EUR/USD would continue going southwards.
GBP/USD: This currency trading instrument has only gone flat so far this week. Price may be able to go upwards to test the distribution territories at 1.3600, 1.3650 and 1.3700. However, that does not eliminate possibility of a significant pullback, which may happen any time this month.
USD/JPY: This pair made some shallow bearish threat yesterday, but nothing has really changed significantly. In the short-term, the pair is choppy, but in the long-term, it is neutral. However, the outlook on JPY pairs is bearish for the week, and thus, some southwards propensity may be witnessed.
EUR/JPY: The EUR/JPY has started going downward this week. The market has gone south by 170 pips and it is now below the supply zone at 134.50. Once the demand zone at 133.50 is breached to the downside, a Bearish Confirmation Pattern would be formed in the 4-hour chart. Price is expected to continue going lower.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for January 15, 2018
The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 and 109.50.
EUR/USD: This pair consolidated from Monday to Wednesday, and then rose massively on Thursday and Friday. The resistance line at 1.2200 has been tested, and it could be breached to the upside (as price aims to gain another 150 pips this week). The outlook on EUR pairs remains outlook for this week.
USD/CHF: The USD/CHF made some weak bullish effort from January 8 to 10, almost reaching the resistance level at 0.9850. However, further bullish attempt was rejected as a bearish movement was assumed, which ended up generating a bearish signal in the market. From the high of last week, price dropped by 170 pips, closing below the resistance level at 0.9700 on Friday.
GBP/USD: There has been a serious bullish breakout on the Cable, which has ended the neutrality of several weeks (save the bullish attempt that was seen in the last week of December 2017). Price gained 250 pips, to close above the accumulation territory at 1.3750. Other targets to be reached are the distribution territories at 1.3750 and 1.3800.
USD/JPY: The USD/JPY dropped massively last week, shedding 220 pips and testing the demand level at 111.00, with the intent to breach it to the downside. There is a huge Bearish Confirmation Pattern in the 4-hour chart, and further bearish movement is anticipated in the market. The next targets are the demand levels at 110.50, 110.00 and 109.50.
EUR/JPY: The EUR/JPY cross went bearish on Monday, Tuesday and Wednesday, and then bounced upwards on Thursday and Friday (January 11 and 12). A movement of 100 pips to the upside would bring about a “buy” signal, while a movement of 150 pips to the downside would bring help restore and strengthen the recent bearish effort.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for January 16, 2018
The EUR/USD traded a bit lower on Monday, but that pales into insignificance when compared to the overall bullish bias. The market could still go upwards, reaching the resistance lines at 1.2250, 1.2300 and 1.2350. The resistance line at 1.2250 was previously tested and it would be tested again.
EUR/USD: The EUR/USD traded a bit lower on Monday, but that pales into insignificance when compared to the overall bullish bias. The market could still go upwards, reaching the resistance lines at 1.2250, 1.2300 and 1.2350. The resistance line at 1.2250 was previously tested and it would be tested again.
USD/CHF: The USD/CHF bounced a bit upwards on Monday. However, that cannot override the bearish bias. The market could still go downwards, reaching the support levels at 0.9600, 0.9550 and 0.9500. The support level at 0.9600 was previously tested and it would be tested again.
GBP/USD: The Cable experienced a shallow bearish correction on January 25, 2018 (in what can be called an uptrend). The bearish correction could turn out to be a wonderful opportunity to buy long at better prices. The Cable would go upwards by another 150 pips before the end of this week.
USD/JPY: The USD/JPY moved lower on Monday, in accordance with the overall bullish bias on the market. Any rallies in the market could be followed by further movements towards the south. The demand levels 110.50, 110.00 and 109.50 could be reached within the next several trading days.
EUR/JPY: On this cross, there has been a Bullish Confirmation Pattern in the 4-hour chart. Price has moved northwards already and it is supposed to move upwards again, reaching the supply zones at 136.00, 136.50 and 137.00. There are demand zones at 135.00 and 134.50, which would try to impede bearish attacks along the way.
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Daily analysis of major pairs for January 22, 2018
The EUR/USD consolidated throughout last week, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week.
EUR/USD: The EUR/USD consolidated throughout last week, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week.
USD/CHF: This trading instrument went further bearish last week, testing the demand level at 0.9550 and then bouncing upwards on Friday. The demand level at 0.9550 would try to impede further bearish movement, and price could go upwards to reach the resistance levels at 0.9650 and 0.9700.
GBP/USD: This GBP/USD is in a bearish mode. The shallow rally that was in the middle of last week, turned out to be a nice opportunity to go short. It is much more likely that price would continue going southwards this week, because there could be some weakness in USD. The demand levels at 110.50, 110.00 and 109.50 could be reached.
USD/JPY: This pair is in a bearish mode (there is a Bearish Confirmation Pattern in the 4-hour chart). Irrespective of the upwards bounce that was seen in the middle of last week, price was able to go lower on Friday. This week, the demand level at 110.50 could be breached to the upside, and one of the reasons is because of the expected weakness in USD.
EUR/JPY: This market was rough and choppy last week, but price kept trudging upwards. Since there is a Bullish Confirmation Pattern in the 4-hour chart, the market may be able to reach the supply zones at 136.50 and 137.00 this week (even exceeding the supply zone at 137.00). The outlook on certain JPY pairs is bullish for this week.
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Daily analysis of major pairs for January 23, 2018
The GBP/USD trended strongly on Monday – moving upwards by 130 pips. There is a strong Bullish Confirmation Pattern in the 4-hour chart, since price has moved upwards by 500 pips since January 11, 2018. The market can still go upwards by additional 200 pips this week, before there can be a serious pullback.
EUR/USD: This pair consolidated on Monday, neither going above the resistance line at 1.2300 (which was tested unsuccessfully), nor going below the support line at 1.2150. This week, there is going to be a directional movement, which would most probably favor bears, for the outlook on EUR pair is bearish for this week.
USD/CHF: This currency trading instrument did not do anything significant on January 22, but a rise in momentum is expected. The demand level at 0.9550 would try to impede further bearish movement, and price could go upwards to reach the resistance levels at 0.9650 and 0.9700.
GBP/USD: The GBP/USD trended strongly on Monday – moving upwards by 130 pips. There is a strong Bullish Confirmation Pattern in the 4-hour chart, since price has moved upwards by 500 pips since January 11, 2018. The market can still go upwards by additional 200 pips this week, before there can be a serious pullback.
USD/JPY: This market made a shallow bullish effort yesterday (which it also made last week). All the bullish effort has been in the context of a downtrend and that may proffer opportunity to enter the market at better prices. This week, the demand level at 110.50 could be breached to the upside, and one of the reasons is because of the expected weakness in USD.
EUR/JPY: The EUR/JPY cross went north yesterday, moving above the demand zone at 136.00. The bias on the market is bullish, and price may go further upwards from here, leading to a stronger bullish outlook on the EUR/JPY. The next targets are the supply zones at 136.00, 136.50 and 137.00.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for January 29, 2018
Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish journey. The outlook on GBP pairs is bearish for this week and for February.
EUR/USD: This pair gained 250 pips last week, and it has gained 800 pips since January 18. That is one of the strongest movements on the EUR/USD in recent times and price would attempt to reach the resistance lines at 1.2450, 1.2500 (which were previously tested) and 1.2550. However, there would soon be a trend reversal, which would happen this week or in February, for the outlook on the EUR pairs is bearish for February.
USD/CHF: Since November 2, 2017, the USD/CHF has lost more than 700 pips; whereas its most serious bearish movements within the past several months occurred in January 2018. Last week witnessed the strongest bearish movement, as price went south by 300 pips, testing the support level at 0.9300 and closing below the resistance level at 0.9350. Since the outlook on USD is bearish for this week and for February; and since the outlook on CHF is bright (bullish) for February, it is expected that USDCHF would remain under bearish pressures.
GBP/USD: Since January 11, the Cable went upwards by 800 pips, reaching a high of 1.4345. Thursday and Friday saw a pullback in the market, and while price may go upwards again to test the distribution territories at 1.4300 and 1.4350, there would soon be a serious pullback, which may signal a start of a bearish journey. The outlook on GBP pairs is bearish for this week and for February.
USD/JPY: This is a bear market – with a Bearish Confirmation Pattern in the chart. This month, from a high of 113.40, the market has gone south by 500 pips. The demand level at 108.50 has been tested and price has almost gone below it, poised to move further southwards. As long as the USD/ is weak, price would continue to go southwards.
EUR/JPY: This is a sideways market, which oscillates between the supply zone at 136.50 and the demand zone at 135.00 (although price was able to breach the market zone at 135.00 to the downside). There is a neutral bias on the market, which may continue for a few more days. However, when there is a breakout, which is imminent, it would most probably favor bulls, for the outlook on JPY pairs is bullish February.
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Daily analysis of major pairs for January 30, 2018
A short-term “sell” signal has been generated on the EUR/JPY. This cross, which consolidated last week, has started coming down on Monday. Price is now below the supply zone at 134.50, going towards the demand zone at 134.00 (the first target). Price may also reach the demand zone at 135.50 today or tomorrow.
EUR/USD: What is happening in the market can now be termed a sale in the context of a downtrend. Price merely came down by 40 pips on January 29, and that may end up being a good opportunity to buy long at better prices. It is expected that price could turn upwards from here; otherwise, a threat to the extant bullish signal may appear when price goes further southwards.
USD/CHF: The USD/CHF did nothing significant on Monday. Since the outlook on USD is bearish for this week and for February; and since the outlook on CHF is bright (bullish) for February, it is expected that USDCHF would remain under bearish pressures.
GBP/USD: The GBP/USD has continued the bearish correction that started last Friday, but that has not yet rendered the bullish outlook on the market invalid. While price may go upwards again to test the distribution territories at 1.4200 and 1.4250, there would soon be a serious pullback, which may signal a start of a bearish journey. The outlook on GBP pairs is bearish for this week and for February.
USD/JPY: This is a bear market – with a Bearish Confirmation Pattern in the chart. This month, from a high of 113.40, the market has gone south by 500 pips. The demand level at 108.50 was tested last week, and price may test it again. As long as the USD is weak, price would continue to go southwards.
EUR/JPY: A short-term “sell” signal has been generated on the EUR/JPY. This cross, which consolidated last week, has started coming down on Monday. Price is now below the supply zone at 134.50, going towards the demand zone at 134.00 (the first target). Price may also reach the demand zone at 135.50 today or tomorrow.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for February 5, 2018
The USD/JPY is bearish in the long-term, but bullish in the short-term. Since the demand level at 108.50 was tested last week, price has rallied by 180 pips, closing above the demand level at 110.00 on Friday. The outlook on JPY pairs is bullish for this week, and thus, the USD/JPY is expected to rally further. The next targets are the supply levels at 110.50, 111.00 and 111.50.
EUR/USD: This pair consolidated last week, although bulls were able to pull their weight, thus saving the bullish bias that is extant in the market. A rise in volatility is expected this week, which could propel the market towards the resistance lines at 1.2500 and 1.2550. Pullbacks in the market may be contained around the support lines at 1.2350 and 1.2300.
USD/CHF: This currency trading instrument consolidated throughout last week, in the context of a downtrend. Bears have been able to maintain the bearishness in the market so far; and thus, when a breakout occurs, it would most probably be in favor of bears. The support levels at 0.9300, 0.9250 and 0.9200 could be reached this week.
GBP/USD: The Cable moved downwards on Monday and Tuesday, went upwards on Wednesday and Thursday, and then pulled back on Friday. The pullback may end up proffering an opportunity to buy long at agreeable prices, as price goes towards the distribution territories at 1.4200, 1.4250 and 1.4300.
USD/JPY: The USD/JPY is bearish in the long-term, but bullish in the short-term. Since the demand level at 108.50 was tested last week, price has rallied by 180 pips, closing above the demand level at 110.00 on Friday. The outlook on JPY pairs is bullish for this week, and thus, the USD/JPY is expected to rally further. The next targets are the supply levels at 110.50, 111.00 and 111.50.
EUR/JPY: The EUR/JPY cross made some faint bearish effort on January 29 and 30, as it briefly went below the demand zone at 134.50. However, the situation changed as a strong rally began on January 30. Price gained 300 pips, bringing about a bullish signal, and ending the recent consolidation in the market. The possibility of price going further upwards is very high this week. The next targets are the supply zones at 137.50, 138.00 and 138.50
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Daily analysis of major pairs for February 6, 2018
Clean bearish signal has been generated on the GBP/USD. Price has been dropping since Friday – having gone down by 290 pips. This has put an end to the recent bullish bias, making the outlook on the market to be bearish. Further bearish movement is possible this week, for price could target the accumulation territories at 1.3900 and 1.3850.
EUR/USD: The EUR/USD went downwards on Monday. The downwards movement is not yet strong enough to override the bullish outlook on the market. But, once price goes below the support line at 1.2300, the bias on the market would turn bearish. But now, the bias on the market is still bullish.
USD/CHF: This currency trading instrument merely moved sideways on January 5. Bears have been able to maintain the bearishness in the market so far; and thus, when a breakout occurs, it would most probably be in favor of bears. The support levels at 0.9300, 0.9250 and 0.9200 could be reached this week.
GBP/USD: The Cable moved downwards on Monday and Tuesday, went upwards on Wednesday and Thursday, and then pulled back on Friday. The pullback may end up proffering an opportunity to buy long at agreeable prices, as price goes towards the distribution territories at 1.4200, 1.4250 and 1.4300.
USD/JPY: The USD/JPY plummeted on Monday (just as certain other JPY pairs did). The pullback has effectively overridden the recent long-term bullishness in the market, bringing about a “sell” signal. The demand level at 108.50 would soon be tested, and would be effectively breached to the downside.
EUR/JPY: The sudden and serious pullback that was experienced yesterday effectively put an end to the recent bearish outlook on this cross. There is now a Bearish Confirmation Pattern in the 4-hour chart, which points to the possibility of the market going further downwards. The next targets are the demand zones at 134.00 and 133.50.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for February 12, 2018
The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines at 1.2200, 1.2150 and 1.2100.
EUR/USD: The EUR/USD had a strong bearish movement last week, which resulted in a bearish bias. Price dropped 240 pips, to close below the resistance line at 1.2250 on Friday. The outlook on EUR pairs is bearish for the week, and thus the bearishness in the market would continue, as price aims for the resistance lines at 1.2200, 1.2150 and 1.2100.
USD/CHF: There was a bullish effort that was witnessed last week – though in the context of a downtrend. Unless price goes above the resistance level at 0.9500, the bias on the market will not turn bearish. A movement below the support level at 0.9300 would strengthen the recent bearish signal in the market.
GBP/USD: Here, price has shed 450 pips since last February 2 (300 pips last week alone). There is a huge Bearish Confirmation Pattern in the market, which would continue as price journeys further towards the accumulation territories at 1.3800, 1.3750 and 1.3700. The outlook on GBP pairs is strongly bearish for this week, and thus, short signals may be disregarded.
USD/JPY: The USD/JPY was choppy last week, but price ended going further southwards, closing below the supply level at 109.00. The demand level at 108.50 has been tested and will be tested again, get breached to the downside and go further southwards. The outlook on JPY pairs is bearish for this week.
EUR/JPY: There was a massive drop on the EUR/JPY. Price went southwards by 500 pips, reaching the demand zone at 132.00. On Friday, there was an upwards bounce in the market, which should turn out to be temporary, because this cross ought to continue its southwards journey this week. The demand zones at 132.00, 131.50 and 131.00 could be breached to the downside. Rallies in the market could this be ignored.
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Daily analysis of major pairs for February 13, 2018
According to the expectation for this week, the USD/JPY has been going southwards. Price shed 120 pips this week, following the brief consolidation that was seen on Monday. The demand level at 107.50 has been tested and it would be breached to the downside, as another demand level at 107.00 is being targeted.
EUR/USD: The EUR/USD has continued the bullish journey it started last week. At this time, it can still be called a bullish movement in the context of a downtrend, which would end up threatening the recent bullish bias (once the resistance line at 1.2400 has been breached to the upside). A movement to the downside would help restore the bearishness in the market.
USD/CHF: This pair moved sideways on Monday, and then started moving southwards today. This has resulted in a short-term “sell” signal, which could help propel price towards the support levels at 0.9300 and 0.9250. The market is currently below the resistance level at 0.9350.
GBP/USD: What is happening on the Cable is merely a rally attempt in the context of a downtrend. Should the market come down from here, the recent bearishness in the market would be saved; otherwise a new bullish bias would form (especially when the distribution territories at 1.4000 and 1.4050 are breached to the upside).
USD/JPY: According to the expectation for this week, the USD/JPY has been going southwards. Price shed 120 pips this week, following the brief consolidation that was seen on Monday. The demand level at 107.50 has been tested and it would be breached to the downside, as another demand level at 107.00 is being targeted.
EUR/JPY: This cross was indecisive on February 12, but it has resumed the bearish movement, which it started last week. There is a Bearish Confirmation Pattern in the market, which signals further plunge. The next targets are the demand zones at 132.50, 132.00 and 131.50. Strong volatility is a possibility this week.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for February 19, 2018
The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a bullish bias eventually.
EUR/USD: This pair moved upwards from the support line at 1.2250, to reach the resistance line at 1.2550. That was a movement of 300 pips, and once the resistance line at 1.2550 was tested, there was a 140-pip pullback in the market. The pullback may continue towards the support lines at 1.2350, 1.2300 and 1.2250. The resistance line at 1.2550 will resist any major rally in the market, because the outlook on EUR pairs is strongly bearish for this week.
USD/CHF: The USD/CHF consolidated on Monday, and then began to come down on Tuesday. Price has dropped 600 pips since January 10, and the support level at 0.9200 was tested before the current upwards bounce came into being. As long as the EUR/USD is being corrected lower, the USD/CHF would continue going upwards, leading to a bullish bias eventually.
GBP/USD: The Cable tested the accumulation territory at 1.3800 and then went upwards towards the distribution territory at 1.4150 (nearly touching it). The pullback that followed after that has helped retain the bearishness in the market. Price closed at 1.4030 on Friday, and could go far lower and lower, because the outlook on GBP pairs is somewhat bearish this week.
USD/JPY: This USD/JPY has dropped 720 pips since January 8. Price slammed into the demand level at 106.00 and then bounced upwards. The upwards bounce could offer another nice opportunity to short the market, because there is a Bearish Confirmation Pattern in it. The outlook on JPY pairs remains bearish for this week, and the demand levels at 106.00, 105.50 and 105.00 could be targeted.
EUR/JPY: From the top of 137.50, the EUR/JPY cross has nosedived by at least, 550 pips. Last week, the movement of the market was a kind of choppy and sideways (in the context of a downtrend), but bears were able to pull their weight, since price closed below the supply zone at 132.00. The outlook on the market remains bearish, and that might even be aided by a weak EUR.
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Daily analysis of major pairs for February 20, 2018
The EUR/USD has been going downwards since Monday, shedding about 90 pips in the context of an uptrend. Price is now below the resistance line at 1.2350, going towards the support line at 1.2300. A movement below another support line at 1.2250 would result in a short-term bearish bias.
EUR/USD: The EUR/USD has been going downwards since Monday, shedding about 90 pips in the context of an uptrend. Price is now below the resistance line at 1.2350, going towards the support line at 1.2300. A movement below another support line at 1.2250 would result in a short-term bearish bias.
USD/CHF: The USD/CHF has been going upwards since yesterday, gaining about 93 pips in the context of a downtrend. Price is now above the support level at 0.9300, going towards resistance level at 0.9350. A movement above the resistance level at 0.9400 would result in a short-term bullish bias.
GBP/USD: This pair did not do anything significant on Monday, and it has not done anything now. The market is neutral in the short-term and bullish in the long-term. However, a movement below the accumulation territory at 1.3850 would result in a bearish outlook; while an upwards movement from here would save the recent bullish bias.
USD/JPY: This USD/JPY has been going upwards in the context of a downtrend. About 110 has been gained – and the bias could turn bullish when the supply level at 108.00 is breached to the upside. There also demand levels at 106.50 and 106.00, which may also be tested, which could reveal bears’ power.
EUR/JPY: This cross has been moving sideways in the short-term. The bias remains bearish, and thus, when a breakout occurs (which would eventually happen), it would most probably favor bears. The demand zones at 132.00, 131.50 and 131.00 could be tested before the end of this week.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for February 26, 2018
Daily analysis of USD/CHF for February 26, 2018
USD/CHF
This pair is something that is often affected by whatever happens to the EUR/USD (in a negatively correlated manner). It tested the resistance level at 0.9400 on Thursday, and then retraced a bit. The resistance level at 0.9400 could be tested again, and even another resistance level at 0.9450. In case, the EUR/USD rallies, the USD/CHF would be sent plunging back towards the support levels at 0.9350, 0.9300 and 0.9250.
This bearish plunge would end the bullish bias on the market, which is currently short-term. A movement below the support level at 0.9250 would result in a short-term bearish bias, which would eventually become a Bearish Confirmation Pattern in the 4-hour chart.
Daily analysis of USD/JPY for February 26, 2018
USD/JPY
The market was bearish in the long-term. A rally happened last week from Monday to Wednesday, but it was checked by the bearish correction that took place on Thursday and Friday. There are support levels at 106.50, 106.00 and ultimately at 105.50. Those support levels would impede bearish movements and they would eventually help bring about a bullish reversal, which is expected to take place before the end of this week.
Should the bullish bias occur, the market would be able to gain at least, 150 pips this week, going towards the supply levels at 107.00, 107.50 and 108.00. These supply levels may even be exceeded, for they are initial targets.
Daily analysis of EUR/JPY for February 26, 2018
EUR/JPY
This cross has been going strong downwards since February 2, shedding 700 pips in the process. Nonetheless, the southwards journey will soon be over, as a strong rally is expected, which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for the month of March. So, short trades are not advisable.
The price is currently below the supply zone at 121.50, going towards the zone level at 121.00. Another demand zone at 120.50 may also be tested, but price would not be able to go further than that, since a rally is expected.
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Daily analysis of major pairs for February 27, 2018
Daily analysis of USD/CHF for February 27 2018
USD/CHF
The market did nothing significant on Monday, and thus the bias on the market is neutral in the short-term (while the medium-term bias is bearish). It is expected that this short-term neutral bias would continue for some time until there is a breakout in the market, which would most probably favor bears.
There are resistance levels at 0.9400 and 0.9450 and there are support levels at 0.9300 and 0.9250. Once the support level at 0.9250 is breached to the downside, the bias on the market would turn bearish. A movement above the resistance level at 0.9450 would reveal the bullish intent.
Daily analysis of USD/JPY for February 27, 2018
USD/JPY
The market was bearish in the long-term. On Monday, nothing significant happened except a tight, sideways movement. There are demand levels at 106.50 and 106.00, which would impede bearish movements and they would eventually help bring about a bullish reversal, which is expected to take place before the end of this week.
When a breakout happens, it may be in favor of bulls, as price goes towards the supply levels at 107.00, 107.50 and 108.00. This is what can bring about a Bullish Confirmation Pattern in the 4-hour chart, pointing to a northwards propensity.
Daily analysis of EUR/JPY for February 27, 2018
EUR/JPY
On this cross, the southward journey may soon be over this week, which could have been harbingered by the slight rally in the context of a downtrend (which happened on February 26), and which would eventually remove the current Bearish Confirmation Pattern in the market. The outlook on JPY pairs is bullish for this week, and for the month of March.
When the demand zones at 131.50 and 131.00 are tested – especially the demand zone at 131.00, the recent bearish bias would receive more emphasis. A movement above the supply zones at 132.50 and 133.00 would result in a threat to the bearishness in the market.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for March 5, 2018
Daily analysis of USD/CHF for March 5, 2018
USD/CHF
This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. The bearishness in the market has been in place since early November 2017; plus last week was rough. Price rose from the support level at 0.9350, went above the resistance level at 0.9450, only to drop towards the support level at 0.9350 again.
There is a Bearish Confirmation Pattern in the market. A breach of the support levels at 0.9350, 0.9300 and finally, 0.9250, would bring about a bearish outlook on the market. A movement to the upside would save the extant bullish bias.
Daily analysis of USD/JPY for March 5, 2018
USD/JPY
The USD/JPY moved sideways from Monday to Thursday, and then began to come downwards (to place more emphasis on the bearishness of the market). Price has gone below the supply levels at 106.50, and 106.00; and it may test the demand levels at 105.50, breaching it to the downside as another demand level at 105.00 targeted.
There is currently a Bearish Confirmation Pattern in the 4-hour chart, which pinpoints further southwards movement. On the other hand, a strong reversal could occur, which would result in a threat to the current bearish bias.
Daily analysis of EUR/JPY for March 5, 2018
EUR/JPY
This cross pair is a weak market. It is interesting to see the market being engaged in a long, protracted bearish movement. Since the beginning of February, at least, 700 pups have been shed. In the past few weeks, short-term rallies have been invariably followed by further southwards movements.
There is currently a Bearish Confirmation Pattern in the market. Price would continue moving downwards towards the demand zones at 130.00, 129.50 and 129.00. Nonetheless, a strong rally is in the offing, as the outlook on EUR pairs is bullish for this week.
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Daily analysis of major pairs for March 6, 2018
Daily analysis of USD/CHF for March 6, 2018
USD/CHF
This currency trading instrument is bearish in the long-term, neutral in the short-term, and it is quite choppy at the present. Price oscillates between the resistance level at 0.9450 and the support level at 0.9300. Price is thus expected to breach any of these boundaries before the end of this week.
There is a Bearish Confirmation Pattern in the market. A breach of the support levels at 0.9350, 0.9300 and finally, 0.9250, would bring about a bearish outlook on the market. The market is currently trying to go downwards.
Daily analysis of USD/JPY for March 6, 2018
USD/JPY
The USD/JPY did nothing significant on Monday and it is trying to go upwards right now. Price is currently below the supply level at 106.50 and the demand level at 105.50. Price might oscillate between the supply and demand levels and then breach either of them as a directional movement resumes.
There is currently a Bearish Confirmation Pattern in the 4-hour chart, which pinpoints further southwards movement. On the other hand, a strong reversal could occur, which would result in a threat to the current bearish bias.
Daily analysis of EUR/JPY for March 6, 2018
EUR/JPY
There is recently an upwards bounce in the market – in the context of a downtrend. The upwards bounce is yet to nullify the downtrend, but it would do so as soon as price goes above the supply zone at 132.50, which would require a strong buying pressure. The demand zone at 129.50 was tested this week, and it has thus become a formidable barrier to any bearish propensity.
There is still a Bearish Confirmation Pattern in the market, but the recent rally has become a threat to the extant bearish outlook. Nonetheless, a strong rally is in the offing, as the outlook on EUR pairs is bullish for this week.
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Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group
Daily analysis of major pairs for March 10, 2018
Daily analysis of USD/CHF for March 10, 2018
USD/CHF
There was a commendable bullish effort in this market. The USD/CHF is bullish in the near-term. However, it is neutral in the medium-term and bearish in the long-term. Now, in the short-term, price moved sideways from Monday to Wednesday and then rose on Thursday, becoming bullish. From the support level at 0.9350, price rose above the support level at 0.9500, closing above it on Friday.
There is a short-term Bullish Confirmation Pattern in the market. There could be further upwards movement, but it will not last long because a considerable amount of pullback is expected this week, owing to a bullish outlook on CHF, which may cause other CHF pairs to go.
Daily analysis of USD/JPY for March 10, 2018
USD/JPY
This is a weak market that cannot go seriously upwards. The outlook on the USD/JPY pair remains bearish, but some bullish effort was made last week. For instance, price rose from the demand level at 105.50, to test the supply level at 107.00. This kind of price action can only threaten the extant bearish bias when price gains additional 150 pips, from here.
There is a slight Bearish Confirmation Pattern in the market, which would become stronger as the market goes further downwards. There are demand levels at 106.50, 106.00 and 105.50. Likewise, there are supply levels at 107.00, 107.50 and 108.00.
Daily analysis of EUR/JPY for March 10, 2018
EUR/JPY
The situation surrounding this cross is quite intriguing. Price moved sideways on March 5, rose upwards later that day and on March 6, but then consolidated throughout last week. The consolidation can continue this week, but a rise in momentum is also expected. When a breakout occurs, it will most likely be in favor of the bear, because the outlook on JPY pairs is bearish for this week.
There is a Bearish Confirmation Pattern in the market, and it would become clearer as price goes further downwards, owing to a bearish outlook on JPY pairs. Therefore, initial targets may be put at the demand zones of 131.00, 130.50 and 130.00.
Source: www.instaforex.com
Daily analysis of major pairs for March 13, 2018
Daily analysis of USD/CHF for March 13, 2018
USD/CHF
This pair trended southwards on Monday – in the context of an uptrend. In the short-term term, the market was moving upwards, but that might be ended once the support level at 0.9400 is breached to the downside. It is also possible that price could move upwards from here, thus saving the short-term bullish trend.
There is a short-term Bullish Confirmation Pattern in the market. There could be further upwards movement, but it will not last long because a considerable amount of pullback is expected this week, owing to a bullish outlook on CHF, which may cause other CHF pairs to go downwards.
Daily analysis of USD/JPY for March 13, 2018
USD/JPY
This is a weak market that cannot go seriously upwards. Nothing significant happened on March 12, but a considerable amount of movement may be seen on Tuesday or Wednesday, as volatility arises. The outlook on the market is bearish for this week, just as it is on certain JPY pairs, which are also expected to go downwards.
There is a slight Bearish Confirmation Pattern in the market, which would become stronger as the market goes further downwards. There are demand levels at 106.50, 106.00 and 105.50. Likewise, there are supply levels at 107.00, 107.50 and 108.00.
Daily analysis of EUR/JPY for March 13, 2018
EUR/JPY
The condition on the EUR/JPY cross remains unchanged. There is a kind of consolidation in the market. The consolidation can continue this week, but a rise in momentum is also expected. When a breakout occurs, it will most likely be in favor of the bear, because the outlook on JPY pairs is bearish for this week.
Generally, there is a Bearish Confirmation Pattern in the market, and it would become clearer as price goes further downwards, owing to a bearish outlook on JPY pairs. Therefore, initial targets may be put at the demand zones of 131.00, 130.50 and 130.00.
Performed by Azeez Mustapha,
Analytical expert
www.instaforex.com
InstaForex Companies Group