Instaforex Trading Forecasts

Commercial Content Analysts
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The EUR/USD pair is still trending downwards. On Friday, September 19, 2014, the price closed at 1.2829, on a bearish note. It is possible that the price would test the support line at 1.2800 very soon.

EUR/USD: The EUR/USD pair is still trending downwards. On Friday, September 19, 2014, the price closed at 1.2829, on a bearish note. It is possible that the price would test the support line at 1.2800 very soon. This week, there is also the risk of a significant rally in a case of a sudden weakness in the USD.

USD/CHF: This pair is still trending upwards, significantly on a bullish note. The price is now trading above the support level at 0.9400 and with more stamina in the market, the price could reach the resistance level at 0.9450. Meanwhile, the risk of pullback may cause the price to test the support level at 0.9300.

GBP/USD: This currency trading instrument generated a bullish signal last week, but a sudden weakness in the market has caused the price to drop, testing the accumulation territory at 1.6300. The market ought to rally from here so that the bullish outlook would continue to remain valid; otherwise the bullish outlook would become useless as the market trades below the accumulation territory at 1.6250.

USD/JPY: The USD/JPY has been in one of its strongest rallies in recent times. The market is currently going above the demand level at 108.50, making attempts to test the support level at 109.00. Nevertheless, there is a great risk of a serious pullback, which may take the price towards the demand levels at 108.00.

EUR/JPY: This cross is also strong in the long-term, but weak in the near-term. The price ought to go upwards from here; otherwise a movement below the demand zone at 139.00 would pose a large threat to the extant bullish scenario.

Source: www.instaforex.com

124

The EUR/USD is now trading below the resistance line at 1.2850, going towards the support line at 1.2800. That support line is an easy target for the bears, because the possibility of the price testing it is very high.

EUR/USD: The overall bias on this market remains bearish and the market can continue going further downwards as longs the USD is stronger than the EUR. The EUR/USD is now trading below the resistance line at 1.2850, going towards the support line at 1.2800. That support line is an easy target for the bears, because the possibility of the price testing it is very high.

USD/CHF: This pair no choice except to trend further higher and this statement would remain true as long as the EUR/USD is weak. At the present, the price is moving above the support level at 0.9400, going towards the resistance level at 0.9450. That is the first target for this week.

GBP/USD: The Cable experienced high volatility last week owing to the Scottish Referendum and its results. When this was going on, the bulls gain upper hands in the market; but the bears came back and started to batter the bulls. However, the possibility of a northward move is very high as long as the price remains above the accumulation territory at 1.6300. The price tested the distribution territory at 1.6500 last week – it may test it again this week.

USD/JPY: This is a bull market, but it still looks overbought, making the risk of a large pullback very high. This pair may test the supply level at 109.50, but it is unlikely that it would go above that level.

EUR/JPY: Since testing the supply zone at 141.00, this currency trading instrument has pulled back towards the south. Further pullback may cause the price to test the demand zone at 139.50 and 139.00 respectively.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

125

After some hesitation, the USD/CHF was able to go upwards, breaking the support level at 0.9500 to the upside. With further northward movement, the pair may reach the resistance level at 0.9550. That is the first target for the week.

EUR/USD: This currency trading instrument closed at 1.2683 on Friday, September 26, 2014; on a bearish note. The price is now below the resistance line at 1.2700, making attempt to reach the support line at 1.2650. This trading instrument would continue its weakness as long as the USD is strong. That is the initial target for the week.

USD/CHF: After some hesitation, the USD/CHF was able to go upwards, breaking the support level at 0.9500 to the upside. It may be thought that the pair could experience a large pullback whenever the USD becomes weak suddenly; but the fact is that the market would continue going upwards as long as the EUR/USD is weak. With further northward movement, the pair may reach the resistance level at 0.9550. That is the first target for the week.

GBP/USD: The perpetual weakness in the GBP, coupled with the perceived strength in the USD, has enabled this market to go bearish. This has led to the Bearish Confirmation Pattern in the chart and it is no longer sensible to seek long trades at this time. More weakness may enable the price to reach the accumulation territory at 1.6150 this week.

USD/JPY: This is a bull market – a result of the stamina in the Greenback. The Greenback is, in fact, one of the strongest currencies among the majors right now. The supply level at 109.50 has already been tested, and the price may later break it to the upside, closing above it. On the other hand, the risk of a pullback still exists.

EUR/JPY: The reality in this market is that it is weak: the bearish bias has been confirmed and there is a possibility that the market may continue to be weak, reaching the demand zone at 138.00.

Source: www.instaforex.com

126

The Forex markets are now at critical points. For instance, the bias on the Cable is bearish but there is a need for the price to go below the accumulation territory at 1.6200 so that the bias could be stronger. On the other hand, a rally above the distribution territory at 1.6350 would mean the end of the bearish bias.

EUR/USD: This is a bear market, and with more bearish journey, the price could stay below the resistance line at 1.2750, while targeting the support line at 1.2600. The resistance lines at 1.2750 and 1.2800 should serve as barriers against bullish attempts that may happen long the way.

USD/CHF: The strength in the Greenback is one of the reasons why this pair is going upwards. There is a clean Bullish Confirmation Pattern in the chart, brought about by the perpetual weakness in the EUR/USD and the perceived strength in the Greenback. Since the middle of July 2014, the market has moved upwards by close to 600 pips, and this would continue as long as the Greenback is strong. Any sudden weakness in the Greenback can enable the price to be pulled back towards the support levels at 0.9450 and 0.9400 respectively.

GBP/USD: The Forex markets are now at critical points. For instance, the bias on the Cable is bearish but there is a need for the price to go below the accumulation territory at 1.6200 so that the bias could be stronger. On the other hand, a rally above the distribution territory at 1.6350 would mean the end of the bearish bias.

USD/JPY: This is a bull market as well and the pair is currently trading above the demand level at 109.00. There is a possibility that the price could reach the supply level at 110.00, but should there be a sudden stamina in the Yen, the price could tumble.

EUR/JPY: This cross is also making some bullish attempts, following the bearish run that happened on it last week. With a continuation of the southward movement, the price could break below the demand zone at 138.50, going towards another demand zone at 138.00.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

127

Last week, the Cable dropped by over 270 pips, going below the distribution territory at 1.6000, and closing at 1.5971 on Friday (October 3, 2014). The Bearish Confirmation Pattern is now very strong and the price could test the accumulation territory at 1.5900 this week.

EUR/USD: This pair has continued to be weak, breaking the market line at 1.2550 to the downside and closing below it. This week, the price may easily target the support line at 1.2500: it may even go below it. However, there are also possibilities that attempted rallies may cause the price to reach the resistance lines at 1.2600 and 1.2650 respectively.

USD/CHF: As long as the USD is strong and as long as the EUR/USD is weak, this pair has nowhere to go except upwards. The pair moved upwards by over 170 pips last week; and it is now threatening to test the resistance level at 0.9700. Should the market remain strong enough, the resistance level could be breached to the upside, going towards another resistance level at 0.9750.

GBP/USD: Last week, the Cable dropped by over 270 pips, going below the distribution territory at 1.6000, and closing at 1.5971 on Friday (October 3, 2014). The Bearish Confirmation Pattern is now very strong and the price could test the accumulation territory at 1.5900 this week.

USD/JPY: This is a bull market, and the sharp but transitory drop that occurred in the market last week simply gave a clean opportunity to go long when things when on sale and in the context of an uptrend. As long as the Greenback is strong, this currency trading instrument would be going upwards. It may reach the supply level at 110.50 this week.

EUR/JPY: This market is weak because of the weakness in the EUR itself. Further bearish move may cause the price to test the demand level at 136.50. On the other side, a rally may happen this week, taking the price towards the supply zone at 138.50.

Source: www.instaforex.com

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The EUR/USD has rallied massively, making the near-term bias to be bullish. However, the long-term bias is bearish. Any movement above the resistance line at 1.2700 would mean the end of the long-term bullish bias.

EUR/USD: The EUR/USD has rallied massively, making the near-term bias to be bullish. However, the long-term bias is bearish. There is a support line at 1.2600 and a resistance line at 1.2700. Any movement above the resistance line at 1.2700 would mean the end of the long-term bullish bias.

USD/CHF: It is known that this pair simply moves in the opposite direction to the EUR/USD. Therefore, a rally in the EUR/USD would cause a bearish movement in the USD/CHF. Before the pair could reach the resistance level at 0.9700, it dropped by over 100 pips, going below the support level at 0.9600. There is a weak rally in the market, but the price could go further south to test the support level at 0.9550.

GBP/USD: This pair fell sharply last month, testing the accumulation territory at 1.5950 before the close of the market last week. This week, the pair has rallied by over 140 pips from that accumulation territory, and it has the potential to continue going up. The bearish outlook is still valid in the near-term, but the bearish outlook may be rendered invalid when the price goes above the distribution territory at 1.6200.

USD/JPY: The recent weakness in the Greenback has caused this pair to drop again, leading to a Bearish Confirmation Pattern in the market. A movement below the support level at 108.00 would make the Bearish Confirmation Pattern to be very strong.

EUR/JPY: This is a bear market, which still finds it very difficult to breach the demand zone at 137.00 to the downside. For the bearish bias to continue to be valid, the demand zone must be breached to the downside and the price must close below it. Otherwise, there is a possibility that the price may go up towards the supply level at 138.50.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

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In spite of the bullish attempt that happened on it last week, the Cable is still in a bearish mode. The price is now below the distribution territory at 1.6100, going towards the accumulation territory at 1.6000. The price might touch the accumulation territory before there could be a potential upwards bounce in the market.

EUR/USD: On this pair, the bulls made genuine attempts to drive the market northwards, but they were eventually overpowered by the bears. On Friday, October 10, 2014, the price closed at 1.2628; on a bearish note. There is a possibility that the price may even test the support line at 1.2550.

USD/CHF: What can happen on the USD/CHF is simply a negatively correlated movement when compared to the EURUSD. In spite of the pullback that occurred in the market, the price was able to shrug off the bearish pulls, closing on a bullish note. There is still a Bullish Confirmation Pattern in the chart, which could see the price testing the resistance level at 0.9700. This resistance level is one of the ultimate levels targeted by the bulls.

GBP/USD: In spite of the bullish attempt that happened on it last week, the Cable is still in a bearish mode. The price is now below the distribution territory at 1.6100, going towards the accumulation territory at 1.6000. The price might touch the accumulation territory before there could be a potential upwards bounce in the market.

USD/JPY: The Bearish Confirmation Pattern on the USD/JPY is still intact. The price is now trading below the supply level at 108.00, going towards the demand level at 107.00. That is the next target for the bears, and the target could be reached before the price turns upwards.

EUR/JPY: This is a bear market which could be threatened by a sudden weakness in the Yen. The market could continue going south as long as the Yen is strong, but should the Yen show any sign of weakness, there could be a rally in the market.

Source: www.instaforex.com

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EUR/USD: The EUR/USD is making commendable bullish attempts after months of weakness. The price is above the support line at 1.2700, now testing the resistance line at 1.2750. Should the price succeed in closing above the resistance line at 1.2750, the next target would be the resistance line at 1.2800. There is already a confirmed bullish bias in the market.

USD/CHF: As the EUR/USD goes upwards, the USD/CHF goes downwards. There is a now a Bearish Confirmation Pattern in the chart as the price is now below the resistance level at 0.9500, targeting the support level at 0.9450. The bearish bias in the market is getting strong as oscillators saunter into the oversold territories.

GBP/USD: The Cable is still essentially a bear market – and only a movement above the distribution territory at 1.6150 could render the bearish outlook invalid. While the price may make an attempt to reach that distribution territory, there is a possibility that pullbacks may cause the price to test the accumulation territory at 1.6000.

USD/JPY: This market has continued its downwards move, and it may reach the demand level at 106.50. It may even breach it to the downside. However, there is a strong possibility of weakness in the Yen, which may cause some JPY pairs to go upwards, including the USD/JPY.

EUR/JPY: After nearly testing the demand zone at 135.50, the bulls have started pushing the price upwards. It is only a movement above the supply zone at 137.00 that can reveal the seriousness of the bulls. The demand zone at 135.50 is thus a barrier to further bearish movement.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

131

The EUR/USD has finally succeeded in going bullish. This has left a Bullish Confirmation Pattern in the chart, and the price is much more likely to go further upwards towards the resistance line at 1.2900.

EUR/USD: The situation on the Greenback was the major determinant of the overall market directions last week. The EUR/USD has finally succeeded in going bullish. This has left a Bullish Confirmation Pattern in the chart, and the price is much more likely to go further upwards towards the resistance line at 1.2900.

USD/CHF: Since the USD has become weak, the outlook on the USD/CHF has been bearish. The price is more likely to test the support level at 0.9350 this week, for this is the weekly target. However, attention should be paid to the high volatility in the market (and in the Forex market generally). The high volatility is usually characterized by large upswings and downswings, and therefore, this should be considered when trading.

GBP/USD: The Cable is also making genuine bullish attempts, which can render the recent bearish scenario completely invalid. The price is already going up, and the overall bias would turn bullish immediately the price crosses the distribution territory at 1.6200 to the upside.

USD/JPY: This pair closed at 106.89 on Friday, October 17, 2014. The price trended downwards last week, but the bull is now making some effort to push the price upwards. Nevertheless, the dominant bias remains bearish until the supply level at 107.50 is breached to the upside.

EUR/JPY: This cross is also making some serious effort to go upwards in the context of an overall downtrend. From the demand zone at 134.50, the price has gone upwards; and a movement above the supply zone at 137.00 would mean the end of the bearish outlook.

Source: www.instaforex.com

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The Cable has continued its journey upwards in a slow and steady manner. Therefore, the Bullish Confirmation Pattern in the market is now stronger. The distribution territory at 1.6200 may be tested very soon.

EUR/USD: This is essentially a bull market – a market that offers opportunities to buy when things are on sale and in the context of the uptrend. This fact has been reflected in the recent price action in the market. The price may thus end up testing the resistance line at 1.2850, which was breached temporarily last week.

USD/CHF: This is essentially a bear market – a market that offers opportunities to sell when the price rallies and in the context of the downtrend. This fact has been reflected in the recent price action in the market. The price may thus end up testing the support level at 0.9400, which was breached temporarily last week.

GBP/USD: The Cable has continued its journey upwards in a slow and steady manner. Therefore, the Bullish Confirmation Pattern in the market is now stronger. The distribution territory at 1.6200 may be tested very soon, and should that happen, the next target would be the distribution territory at 1.6250.

USD/JPY: The USD/JPY is making serious effort to go further northward. The current price action in the market has already put the recent bearish outlook in jeopardy. Any movement above the supply level at 108.00 would render the recent bearish outlook completely invalid.

EUR/JPY: The cross is also making a nice effort to continue going upwards, and this has resulted in a confirmed bullish outlook. There is a demand zone at 136.00, and there is a supply zone at 138.00. With more northward journey, the supply zone at 138.00 may be reached this week.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

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On Friday, October 24, 2014, the USD/JPY closed above the demand level at 108.00; on a bullish note. There is a bullish signal in the market and the price may go upwards this week, reaching the supply level at 109.00. However, any possible pullbacks along the way may be contained at the demand level of 107.50.

EUR/USD: Last week, this currency trading instrument closed at 1.2669, on a bullish note. The dominant bias is bearish and therefore, the market may fall further towards the support line at 1.2600. That is the first target for the bears. On the other hand, there could be some attempted rally, which may push the price towards the resistance line at 1.2750.

USD/CHF: This pair is making some attempts to go upwards. The resistance level at 0.9550 has been tested, prior to the current shallow bearish retracement. The price could go further upwards, breaking that resistance level at 0.9550 to the upside, while making more attempts to reach another resistance level at 0.9600.

GBP/USD: The bias on the Cable is neutral, but the consolidation in the chart is going to the upside. It is much likely that the GBP could gain strength this week, and therefore, the GBPUSD may go further upwards, reaching the distribution territory at 1.6150. By then, there could have been a Bullish Confirmation Pattern in the market.

USD/JPY: On Friday, October 24, 2014, the USD/JPY closed above the demand level at 108.00; on a bullish note. There is a bullish signal in the market and the price may go upwards this week, reaching the supply level at 109.00. However, any possible pullbacks along the way may be contained at the demand level of 107.50.

EUR/JPY: There is a ‘buy’ signal on this cross, and the price is expected to go further upwards this week, reaching the supply zone at 138.00. The probability of a further bullish movement is very high, which makes short trades illogical.

Source: www.instaforex.com

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The Cable still shows the determination to go upwards. The buying pressure could take the price towards the distribution territories at 1.6150 and 1.6200 – which are the targets for this week. Meanwhile, the accumulation territory at 1.6050 should serve as a good barrier to bearish attempts.

EUR/USD: The situation on the EUR/USD is now very precarious, but it is still expected that the pair would go south. So the present shallow bullish attempt may be a good opportunity to go short. Generally, it may be said that the bearish propensity in this market is valid as long as the price is not able to break the resistance line at 1.2750. Any movement above that resistance line would mean the beginning of a bullish bias, but should the price fail to go above it, there may be a renewed bearish dive.

USD/CHF: The situation on this currency trading instrument is currently not stable, but it is still expected that the price would go north. So the present shallow bearish attempt may be a good opportunity to go long. Generally, it may be said that the bullish propensity in this market is valid as long as the price is not able to break the support level at 0.9450. Any movement below that support level would mean the beginning of a bearish bias, but should the price fail to go below it, there may be a renewed rally in the market.

GBP/USD: The Cable still shows the determination to go upwards. The buying pressure could take the price towards the distribution territories at 1.6150 and 1.6200 – which are the targets for this week. Meanwhile, the accumulation territory at 1.6050 should serve as a good barrier to bearish attempts.

USD/JPY: The bullish outlook on the USD/JPY is still a valid thing. Although the price has not moved upwards significantly this week, it may soon test the supply level at 108.50.

EUR/JPY: The outlook on this cross is also bullish for this week – as it is expected of all JPY pairs. The price also can test the supply zone at 138.00 this week.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

135

The USD/JPY closed at 112.35 on Friday, October 31, 2014. The pair closed on a bullish note, having trended upwards by around 440 pips last week. This is a very strong northward journey that could continue this week. However, the possibility of some transitory pullbacks cannot be ruled out.

EUR/USD: This is a bear market, which means the direction of the price is southward and volatile. The support line at 1.2500 has been tested and it may be retested again. Should the price succeed in breaking that support line to the downside, the next target would be the support line at 1.2450.

USD/CHF: This currency trading instrument has gone in the opposite direction to the EUR/USD – as it normally does. The price climbed by 200 pips last week (that is, from the support level at 0.9450), closing above the support level at 0.9600. The next target to be breached to the upside is the resistance level at 0.9650. This resistance level was tested last week, and it could also be tested this week.

GBP/USD: Since the GBP/USD is also normally correlated in a positive mode, when compared to the EUR/USD, it is no wonder that the price has gone seriously downwards. There is a lot of sideways movement and market activity above the accumulation territory at 1.5950 and that accumulation territory may be breached to the downside, especially when the Greenback gains more strength.

USD/JPY: The USD/JPY closed at 112.35 on Friday, October 31, 2014. The pair closed on a bullish note, having trended upwards by around 440 pips last week. This is a very strong northward journey that could continue this week. However, the possibility of some transitory pullbacks cannot be ruled out.

EUR/JPY: Like all other JPY pairs, this cross also trended upwards last week. The Euro is weak somewhere else, but this pair is going upwards because the Yen is essentially weaker than the Euro. The price is now above the demand zone at 140.50, and it may reach the supply zone at 141.50 this week.

Source: www.instaforex.com

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The USD/JPY has continued to trend upwards, reaching the supply level at 114.00. That supply level is now under siege and with continuous strength in the Greenback, it would be breached to the upside. Should this prove to be true, the next target for the bulls would be the supply level at 115.00.

EUR/USD: This currency trading instrument is still weak in spite of the recent equilibrium phase. It is expected that the weakness in the price would continue when the support line at 1.2450 has been broken to the downside. After that, the next target would be the support line at 1.2400.

USD/CHF: This market still aims the resistance level at 0.9700, which is the next target for the bulls. When the resistance level is breached to the upside, the next target would be the resistance level at 0.9750.

GBP/USD: Here, the barrier to the bears’ interest is the accumulation territory at 1.5950. For the price to continue going further downwards, the accumulation territory ought to be breached to the downside (something that can still happen as long as the USD is able to maintain its stamina).

USD/JPY: The USD/JPY has continued to trend upwards, reaching the supply level at 114.00. That supply level is now under siege and with continuous strength in the Greenback, it would be breached to the upside. Should this prove to be true, the next target for the bulls would be the supply level at 115.00.

EUR/JPY: This is also a bull market, going in the way of most JPY pairs. This cross has moved upwards by another 200 pips in this week – a strong bullish movement in the early part of the week. The price has the potential to go further upwards as long as the Yen is weak. Therefore, the next target is at the supply zone at 143.00.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

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The USD/JPY tested the supply level at 115.50 several times, but it was unable to break it to the upside. There is an existing bearish pullback in the market, which could be challenged at the demand level of 113.50. Any movement below that demand level may put the bullish outlook in a precarious situation.

EUR/USD: This pair is still a weak market, but there is a good possibility that the pair may rally this week. This may happen as a result of the EUR becoming strong versus some other popular currencies, including, of course, the USD. This may happen this week or next week, and therefore we are looking for a rally here.

USD/CHF: This currency trading instrument closed at 0.9660 (on Friday, November 7, 2014). The price closed lower in the context of a downtrend. Some may see the bearish correction as another opportunity to go long, provided that the price would not go below the resistance level at 0.9600. That is a level where long trades may no longer be sensible.

GBP/USD: The Cable dropped by 200 pips last week, testing the accumulation territory at 1.5800 before bouncing upwards beyond the accumulation territory at 1.5850. For the bearish trend to continue, the accumulation territory at 1.5800 would be tested again; otherwise the price may go above the distribution territory at 1.5950.

USD/JPY: The USD/JPY tested the supply level at 115.50 several times, but it was unable to break it to the upside. There is an existing bearish pullback in the market, which could be challenged at the demand level of 113.50. Any movement below that demand level may put the bullish outlook in a precarious situation.

EUR/JPY: This market moved sideways in the last few days of the last trading week, on a consolidation note. The market is consolidating in the context of an uptrend. Any movement above the supply zone at 143.50 would signal the renewal of the bullish trend, but any movement below the demand zone at 141.50 would put the uptrend in jeopardy.

Source: www.instaforex.com

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EUR/USD: The EUR/USD remains bearish, with a possibility of further downwards movement. However, the downward movement may be challenged at the support lines of 1.2400 and 1.2350. Should the challenge prove effective, the price may rally towards the resistance line at 1.2500, testing it again.

USD/CHF: This pair is still strong and it may go further north in its attempt to test the resistance levels at 0.9700 and 0.9750. Nevertheless, the resistance levels themselves may prove unfriendly to the existing bullish outlook, which may cause the price to drop towards the support level at 0.9600.

GBP/USD: This is a weak market – with the Bearish Confirmation Pattern remaining intact in the market. The price has a good chance of testing the accumulation territory at 1.5800, which was tested last week. Even if the market would bounce upwards, it may test that accumulation territory first.

USD/JPY: The strength in the USD is the reason why the bullish outlook on this pair remains sustainable when most other JPY pairs are consolidating. The supply level at 115.50 was challenged consistently last week: it could also be challenged this week. It could even be breached to the upside, providing that the USD remains strong enough.

EUR/JPY: This cross is also trying to go upwards, but with limited success. The bias is still bullish and the upwards journey may be accomplished provided that the Euro itself is able to muster more energy.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

139

The Cable dropped by roughly 300 pips last week, testing the accumulation territory at 1.5600. There is now a shallow upwards bounce from that territory, which should be short-lived as the Cable continues to be weak. Any movement above the distribution territory at 1.5800 would seriously threaten the bearish outlook.

EUR/USD: The outlook on this currency trading instrument remains bearish, but the existing price action is a threat to the bearish outlook. A movement above the resistance line at 1.2600 would mean that it is no longer logical to seek short trades. There is a support line at 1.2400.

USD/CHF: This currency trading instrument closed at 0.9590, On Friday, November 14, 2014. The price action is a threat to the bull, especially when the price goes below the support line at 0.9550. However, some would think of buying pullbacks on this instrument, provided that the price does not go below the aforementioned support line.

GBP/USD: The Cable dropped by roughly 300 pips last week, testing the accumulation territory at 1.5600. There is now a shallow upwards bounce from that territory, which should be short-lived as the Cable continues to be weak. Any movement above the distribution territory at 1.5800 would seriously threaten the bearish outlook.

USD/JPY: The USD/JPY moved upwards by over 250 pips last week. Obviously, the JPY is very weak and this is aiding the bullish runs on most JPY pairs. The strength in this pair could continue this week, and therefore, it would be nice to look for how to go long when there are transient pullbacks in the market.

EUR/JPY: This cross enjoyed a nice bullish run last week, going upwards by over 300 pips. The EUR particularly is making serious attempts to go further upwards and as such, this pair may continue trading upwards, reaching the supply zone at 146.50.

Source: www.instaforex.com

141

The Cable trended downwards on Monday in the context of the Bearish Confirmation Pattern in the market. It has turned out that the upwards bounce that happened last Friday gave a good opportunity to sell short at a better price. The price may soon test the accumulation territory at 1.5600. It may even breach it to the downside.

EUR/USD: The outlook on the EUR/USD remains bearish and it may continue like that. The only thing that can render the bearish outlook useless is a condition in which the price goes above the resistance line at 1.2600. As long as the price remains below that resistance line, the market would be seen as bearish.

USD/CHF: This currency trading instrument is still bullish (a bullish bias). There is a support level at 0.9550, which may serve as a barrier to the bears’ effort to drag the price downwards. Should that support line be broken to the downside, the bullish bias would be threatened. Therefore, the price needs to continue going upwards for the bullish bias to be valid.

GBP/USD: The Cable trended downwards on Monday in the context of the Bearish Confirmation Pattern in the market. It has turned out that the upwards bounce that happened last Friday gave a good opportunity to sell short at a better price. The price may soon test the accumulation territory at 1.5600. It may even breach it to the downside.

USD/JPY: This pair remains a bull market, plus the bearish retracement that happened on it last Friday gave a good opportunity to enter long when things are temporarily on sale and in the context of an uptrend. The supply level at 117.00 was tested recently and it could be tested again. It may even be breached to the upside.

EUR/JPY: This cross is also bullish in outlook, and the price is expected to continue trending upwards. The current pullback in the market does not mean the trend is over – for price does not move in a straight line. The price may test the supply zone at 146.50, which is the target for this week.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

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The sudden weakness on the EUR/USD on Friday has resulted in a very strong bearish bias. The pair may be weak for the rest of this month, as the EUR continues to be battered. The price closed below the resistance line at 1.2400, and the next target may be the support line at 1.2350.

EUR/USD: The sudden weakness on the EUR/USD on Friday has resulted in a very strong bearish bias. The pair may be weak for the rest of this month, as the EUR continues to be battered. The price closed below the resistance line at 1.2400, and the next target may be the support line at 1.2350.

USD/CHF: The sudden strength on the USD/CHF on Friday has resulted in a very strong bullish bias. The pair may be strong for the rest of this month, as the USD continues to be uplifted. The price closed above the support level at 0.9650, and the next target may be the resistance level at 0.9750.

GBP/USD: Generally, the bias on the Cable is bearish. It is very much likely that the price would hit the accumulation territory at 1.5600, but it is unlikely that the price would break that territory to the downside. After the price tests that accumulation territory, there could be a rally in the market.

USD/JPY: This currency trading instrument trended strongly last week, but there is now a mild pullback in the context of an uptrend. This proffers a good opportunity to buy, for the bullish bias may still continue till December 2014.

EUR/JPY: This market trended strongly last week, but after testing the supply zone at 149.00, there was a significant correction – a downward move of close to 300 pips from that supply zone. The downward move was augmented by the weakness in the EUR itself. One needs to note that the overall outlook is still upwards and the price may trend upwards from here.

Source: www.instaforex.com