Instaforex Trading Forecasts

[Forecast]

There is a rally on EUR/JPY after price touched the demand zone at 145.50. Price has moved upward by 150 pips since then, and further move may enable this cross to recover the loss it sustained around the end of last week. There is now a bullish target at the supply zone of 149.00, which was touched last week.

EUR/USD: After testing the support line at 1.2400, this market trended upwards. There is still a Bearish Confirmation Pattern in the market, which can only be rendered invalid when price goes above the resistance line at 1.2600. Otherwise, price may go further downwards from here.

USD/CHF: After testing the resistance level at 0.9700, this market trended downwards by more than 60 pips. There is still a Bullish Confirmation Pattern in the market, which can only be rendered invalid when price goes below the support level at 0.9550. Otherwise, price may go further upwards from here.

GBP/USD: This is a bear market – irrespective of the bullish effort in it. The only thing that can make the bullish effort to render the bearish outlook useless is a situation in which price goes above the distribution territory at 1.5800. That is the point where it would be clear that short trades are not sensible.

USD/JPY: This pair remains a bull market and it is supposed to continue going further upwards. The nearest target for the bull is at the supply level at 119.00, which could be reached this week. With enough strength in the market, price can even go beyond that supply level.

EUR/JPY: There is a rally on EUR/JPY after price touched the demand zone at 145.50. Price has moved upward by 150 pips since then, and further move may enable this cross to recover the loss it sustained around the end of last week. There is now a bullish target at the supply zone of 149.00, which was touched last week.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at 119.50.

EUR/USD: The bias on the EURUSD remains bearish in spite of the bull effort to push price upwards. Rallies into the resistance lines at 1.2500 and 1.2600 should be seen as short-selling opportunities (for price may go further downwards from there). It is only a break above the resistance line at 1.2600 that can render the bearish bias invalid.

USD/CHF: The bias on this pair remains bullish in spite of the bearish attempt on it. Pullbacks into the support levels at 0.9600 and 0.9550 should be seen as good offers to buy long, unless price breaks the support level at 0.9550 to the downside. In that case, the bias could turn bearish.

GBP/USD: The Cable is weak, even weaker than EURUSD. Therefore long trades are not currently recommended unless price breaks the distribution territory at 1.5800 to the upside. In the near-term, price may touch the accumulation territories at 1.5600 and 1.5550.

USD/JPY: The ultimate target for USD/JPY is at the supply level of 119.00, and price is now close to that target. With further strength in the market, the supply level can be breached to the upside as the bulls continue to push price up. In that case, the next target could be the supply level at 119.50.

EUR/JPY: This cross moved upwards at the beginning of last week and then moved sideways; before breaking further upwards on Friday. As expected, momentum has returned to this market and it has resumed its upwards journey. This has happened following the short-term base that was built by the sideways movement that occurred last week. The ultimate target is at the supply zone of 149.00 – which would be reached only with significant strength in the market.

Source: www.instaforex.com

[Forecast]

Cable tested the accumulation territory at 1.5600 and later bounced upwards by over 150 pips. Before it can be said that the bias is bullish, price needs to go above the distribution territory at 1.5800. Otherwise, the price action may offer another short-selling opportunity, as price tries to test the accumulation territory at 1.5700 again.

EUR/USD: The condition on EURUSD remains dicey. Rallies into the resistance lines at 1.2500 and 1.2600 should be seen as short-selling opportunities (for price may go further downwards from there). It is only a break above the resistance line at 1.2600 that can render the bearish bias invalid.

USD/CHF: The situation on USDCHF is unchanged and it requires tact. Pullbacks into the support levels at 0.9600 and 0.9550 should be seen as good offers to buy long, unless price breaks the support level at 0.9550 to the downside. In that case, the bias could turn bearish.

GBP/USD: Cable tested the accumulation territory at 1.5600 and later bounced upwards by over 150 pips. Before it can be said that the bias is bullish, price needs to go above the distribution territory at 1.5800. Otherwise, the price action may offer another short-selling opportunity, as price tries to test the accumulation territory at 1.5700 again.

USD/JPY: This currency trading instrument has tested the ultimate target at 119.00, before the current shallow pullback. However, the dominant bias remains bullish and the shallow pullback may be challenged at the demand levels at 117.50 and 117.00. From these levels, price may turn upwards again.

EUR/JPY: This market has also experienced a shallow pullback; but it may trend further upwards (as the demand zones at 147.00 and 146.50 are poised to act as barriers to further bearish attempts). The ultimate target is still at the supply zone of 149.00.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength.

EUR/USD: This pair became weaker as it went below the resistance line of 1.2400. The resistance line at 1.2300 has also been breached to the downside, and price is supposed to go further below, reaching the support line at 1.2250.

USD/CHF: The currency trading instrument became stronger as it went above the support level at 0.9750 (which was our target for last week). Price has closed above the support level, making the next target for the bulls to be situated the resistance level at 0.9800.

GBP/USD: Cable closed at 1.5579 on Friday, December 5, 2014, on a bearish note. Price has gone below the distribution territory at 1.5600, making the Bearish Confirmation Pattern more visible. The accumulation territory at 1.5550 would soon be tested.

USD/JPY: Last week, USD/JPY moved upwards by over 300 pips. This has come as a result of a great weakness in USD and a great weakness in Yen. The supply level at 121.50 is under siege and it may be breached to the upside as the market continues to exert its bullish strength.

EUR/JPY: This cross also moved upwards last week; though the upwards movement is not as strong as the upwards movement on USD/JPY. The bulls may continue pushing price northwards. However, there is now a possibility of large pullbacks in the market (which is also true of other JPY pairs), and the pullbacks can be checked at the demand zones of 148.50 and 148.00.

Source: www.instaforex.com

[Forecast]

Cable broke above the accumulation territories at 1.5600 and 1.5650. The accumulation territories have been great barriers to the bearish movement in the market. Therefore, their breach to the upside portends a possibility of a near-term bullish trend which may take price towards the distribution territory at 1.5800.

EUR/USD: After testing the support line at 1.2250, EUR/USD price bounced upwards, and the upwards bounce can continue a bit further upwards. For the upwards bounce to be strong enough to threaten the existing bearish bias, it must go above the resistance line at 1.2500; otherwise this may be another opportunity to sell short.

USD/CHF: After testing the resistance level at 0.9800, USD/CHF price retraced southward, and the southward retracement can continue further downwards. For the bearish retracement to be strong enough to overturn the existing bullish bias, it must go below the support level at 0.9650; otherwise this may be another opportunity to go long.

GBP/USD: Cable broke above the accumulation territories at 1.5600 and 1.5650. The accumulation territories have been great barriers to the bearish movement in the market. Therefore, their breach to the upside portends a possibility of a near-term bullish trend which may take price towards the distribution territory at 1.5800.

USD/JPY: This currency trading instrument came down by over 100 pips on Monday. Price ought to stay above the demand level at 119.50 – which could be another entry point for the astute bulls. The demand level should do a good job in checking further southward venture by price.

EUR/JPY: The expected large pullback in the market has already occurred, but it must be curbed at the demand zone of 147.50. Any movement below that demand zone could be the end of the bullish outlook, but as long as price is above the demand zone, the bullish outlook remains intact.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness.

EUR/USD: This pair has been making serious effort to go upwards – with a measure of success. The market went upwards by over 200 pips last week, closing above the support line at 1.2450. There is a Bullish Confirmation Pattern in the market and it is expected that price could go towards the resistance line at 1.2500.

USD/CHF: This pair has been trending downwards – with a measure of success. The market went downwards by over 170 pips last week, closing below the resistance level at 0.9650. There is a Bearish Confirmation Pattern in the market and it is expected that price could go towards the support level at 0.9600.

GBP/USD: Cable made some effort to go bullish last week. Price went upwards in a slow and steady manner and then moved sideways, closing at 1.5715 on Friday, December 12, 2014. Price may go further upwards towards the distribution territory at 1.5800, provided that Greenback continues its current weakness.

USD/JPY: USDJPY closed below the supply level at 119.00 on Friday. Price nosedived by over 400 pips last week, thereby overturning the recent bullish bias. Things have gone bearish and with continuous weakness in Greenback, price could test the demand level at 118.00.

EUR/JPY: The situation on this cross is dicey. Some indicators are bullish and some are bearish in the same timeframe. Therefore one may stay aside until there is a clean directional movement. One thing could be noted: This cross has a high probability of going upwards this week.

Source: www.instaforex.com

[Forecast]

The USD/JPY has become weaker as it went further downwards on Monday, reaching the demand level at 117.50. This demand level was tested last week and since it has been tested again, it could be breached to the downside. The next target for the price is the demand level at 117.00.

EUR/USD: This currency trading instrument is still bullish as the bulls keep on flexing their muscles. The price is above the support line at 1.2400, going towards the resistance line at 1.2450 (which might be breached to the upside again). That resistance line has taken several beatings already. The ultimate target is at the resistance line at 1.2500.

USD/CHF: On this pair, the bears are also trying to hold out their resistance against the bulls. The support level at 0.9650 is under siege and with more effort from the bears, the support level would easily be broken to the downside as price targets another support level at 0.9600. Below the support level at 0.9600, the bearish outlook would have been strengthened further.

GBP/USD: The GBP/USD pair has been going downwards again, therefore putting the novel/recent bullish effort in jeopardy. A movement below the accumulation territory at 1.5600 would signal the return of the past Bearish Confirmation Pattern. However, it is unlikely that price would broke below the accumulation territory at 1.5550 – which is now a formidable obstacle to the bears.

USD/JPY: The USD/JPY has become weaker as it went further downwards on Monday, reaching the demand level at 117.50. This demand level was tested last week and since it has been tested again, it could be breached to the downside. The next target for the price is the demand level at 117.00.

EUR/JPY: This market is now weak; given the continuous strength in the Yen. The price is now below the supply level at 146.50 and it may reach the demand level at 146.00 soon.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The USD/JPY went upwards last week, following a bearish run that made it go below the demand level at 116.00. The price was unable to stay below the demand level at 116.00 – as it rose steeply above the demand level at 119.00. This market could continue its upwards movement and as a result of that, price could reach another supply level at 120.50.

EUR/USD: This is a bear market and the bearish movement is supposed to continue this week. From the resistance line at 1.2550, the price dropped by more than 300 pips, closing below the resistance line at 1.2250. The next target to be reached by the price is the support line at 1.2200.

USD/CHF: This is a bull market and the bullish movement is supposed to continue this week. From the support level at 0.9550, the price rose by more than 280 pips, moving close to the resistance line at 0.9850. That resistance level could be breached to the upside, and the next target to be reached by the price is resistance level at 0.9900.

GBP/USD: This is a very volatile market. The volatility is caused by a struggle between the bull and the bear, though the bears have upper hands. With further strength in the Greenback, the price could challenge the accumulation territory at 1.5550.

USD/JPY: The USD/JPY went upwards last week, following a bearish run that made it go below the demand level at 116.00. The price was unable to stay below the demand level at 116.00 – as it rose steeply above the demand level at 119.00. This market could continue its upwards movement and as a result of that, price could reach another supply level at 120.50.

EUR/JPY: This currency trading instrument closed at 146.16 on Friday, December 19, 2014, on a bearish note. The price ought to be bullish like some other JPY pairs, but the weakness in the EUR is too much to allow that. Only a movement above the supply zone at 147.50 could mean the end of the bearish outlook.

Source: www.instaforex.com

[Forecast]

The Cable traded downwards on Monday in the context of the downtrend. The price is supposed to continue trending further downwards, reaching the accumulation territory at 1.5550. There may be an initial challenge at that accumulation territory, but with further strength in the Greenback, it could be breached to the downside.

EUR/USD: This pair has continued its downwards journey and it is close to the support line at 1.2200 (being below the resistance line at 1.2250). A break below that line would proffer an opportunity to target another support line at 1.2150, which is the real target for this week.

USD/CHF: This pair has continued its upwards journey and it is close to the resistance level at 0.9850. A break above that level would proffer an opportunity to target another resistance level at 0.9900, which is the ultimate target for this week.

GBP/USD: The Cable traded downwards on Monday in the context of the downtrend. The price is supposed to continue trending further downwards, reaching the accumulation territory at 1.5550. There may be an initial challenge at that accumulation territory, but with further strength in the Greenback, it could be breached to the downside.

USD/JPY: This currency trading instrument continues its slow and steady journey upwards. The supply level at 120.00 is now under siege and with more effort from the bulls, the price may go above that supply level, going further upwards. Basically, the next target is located at the supply level at 120.50.

EUR/JPY: The EUR/JPY is still making attempt to go further bullish – though the attempt is being frustrated now and then. It would be OK to wait for a more pronounced directional movement before a position is taken. A break above the supply zone at 147.50 would strengthen the bullish outlook, while a break below the demand zone at 145.50 would strengthen the bearish outlook.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

EUR/USD: This market fell further last week, closing below the resistance line at 1.2200. The next target for the price is at the support line of 1.2150, and should that support line be breached to the downside, the price may then target another support line at 1.2100.

USD/CHF: This market rose further last week, closing above the support level at 0.9850. The next target for the price is at the resistance level of 0.9900, and should that resistance level be breached to the downside, the price may then target another resistance level at 0.9950. Could the USD reach parity with the CHF? It seems very likely.

GBP/USD: This currency trading instrument went downward last week, but further downward movement was rejected as the price bounced upwards from the accumulation territory at 1.5500. Now hovering around the accumulation territory at 1.5550, further upward bounce could be contained at the distribution territory at 1.5600. Meanwhile, the price could fall down again, testing the accumulation territory at 1.5500.

USD/JPY: The USD/JPY closed at 120.31, on Friday, December 26, 21014. This pair trended upwards last week before it consolidated towards the end of the week. The bias is bullish and the supply level at 12.50 would soon be breached to the upside; after which another supply level at 130.00 would be challenged.

EUR/JPY: This cross should be bullish – just like certain JPY pairs. However, the weakness in the EUR is too much to allow any significant bullish move. There is a possibility that the demand level at 146.00 could be tested, though a rally may cause the price to reach the supply zone at 147.50.

Source: www.instaforex.com

[Forecast]

The Cable has gone further downwards in the context of a downtrend, going below the distribution territory at 1.5550. The Bearish Confirmation Pattern in the chart is ever conspicuous, and the price is close to the accumulation territory at 1.5500. The probability that the accumulation territory would be breached to the downside is very high.

EUR/USD: This is a bear market and it is not yet prudent to go long in it. The price is currently below the resistance line at 1.2200, going towards the support line at 1.2150. That support line is the next target to be reached, and with the current bearish outlook in the market, this is possible.

USD/CHF: This is a bull market and short trades are not recommended here. Right now, it is logical to buy short-term pullbacks with the hope that the price may go higher. Being above the support level at 0.9850, the price has a great possibility of reaching the resistance level at 0.9900. It could even breach it to the upside.

GBP/USD: The Cable has gone further downwards in the context of a downtrend, going below the distribution territory at 1.5550. The Bearish Confirmation Pattern in the chart is ever conspicuous, and the price is close to the accumulation territory at 1.5500. The probability that the accumulation territory would be breached to the downside is very high. Should this happen, the next target would be the accumulation territory at 1.5450.

USD/JPY: This currency trading instrument has been going upwards in a slow and steady manner – with everything supporting the Bullish Confirmation Pattern in the market. The bias is bullish and the price would easily test the supply level at 121.00. That is the next target.

EUR/JPY: Since the JPY is weak, the EUR/JPY cross has been making attempts to go north. A break above the supply level at 147.50 would result in a confirmed bullish bias in the market.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart.

EUR/USD: The EUR/USD trended downwards on Friday, closing below the resistance line at 1.2050. The support line at 1.2000 is being tested and with further exertion of selling pressure, it may be breached to the downside. After this, the price may then go for another support line at 1.1950.

USD/CHF: This currency trading instrument trended upwards on Friday, closing above the support level 1.0000, which is the level of parity between the USD and the CHF. The price may go for another resistance level at 1.0050 and with further exertion of buying pressure; it may be breached to the upside. After this, the price may then go for another resistance level at 1.100.

GBP/USD: The Cable plunged by over 250 pips on Friday – a surprise movement. The price closed below the distribution territory at 1.5350, going towards the accumulation territory at 1.5300. That is the first target for this week, and it is supported by the strong Bearish Confirmation Pattern in the chart.

USD/JPY: This pair is bullish in outlook. On Friday, January 2, 2015, the price closed at 120.50 on a bullish note. There is a possibility that the market may go further upwards this week, reaching the demand level at 121.00. However, there is also a possibility of a pullback, which may force the price to dive towards the demand levels at 119.50 and 119.00 successively.

EUR/JPY: This cross dived further on Friday, moving close to the demand zone at 144.00. The demand zone is expected to be tested again: it may even be breached to the downside.

Source: www.instaforex.com

[Forecast]

Since the USD reached parity with the CHF at the support level of 1.0000, the USD/CHF pair has moved upwards by another 100 pips, hitting the resistance level at 1.0100 (before the price retraced a little lower). With further strength in the market, the resistance level would be hit again.

EUR/USD: This currency pair broke below the resistance line at 1.2100 at the beginning of this week. Since then, the price has moved lower, threatening to test the support line 1.1850. Should the price break that line to the downside, the next target to be reached would be the support line at 1.1800.

USD/CHF: Since the USD reached parity with the CHF at the support level of 1.0000, the USD/CHF pair has moved upwards by another 100 pips, hitting the resistance level at 1.0100 (before the price retraced a little lower). With further strength in the market, the resistance level would be hit again.

GBP/USD: The Cable fell along the EUR/USD in the continuation of the bearish trend that started last Friday. The accumulation territory at 1.5200 has already been tested, followed by the current upwards bounce in the market. That accumulation territory may be tested again.

USD/JPY: In the meantime, the Yen has gained serious stamina and bearish movements can be seen on other JPY pairs – just like the USD/JPY pair. This pair was unable to move upwards last week and it is now moving downwards gradually this week. The demand level at 119.00 can soon be attained by the bears.

EUR/JPY: There is now a serious weakness in this currency trading instrument, resulting in a Bearish Confirmation Pattern in the market. Since the bearish trend started last Friday, the cross has dived by over 400 pips, and there is a great possibility that the demand zone at 142.00 would be challenged.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price may test the support lines at 1.0100 and 1.0050 this week.

EUR/USD: This pair trended downwards last week, going below the support line at 1.1800, but unable to close below that line. There is now a slight upwards bounce in the market, which could be the beginning of a medium-term buying pressure in the market. The resistance line at 1.1950 could be challenged.

USD/CHF: The USD/CHF tested the resistance level at 1.0200 vigorously, but it was unable to break it to the upside. There is now a slight dip in the market, but with further strength in the USD, the resistance level could be breached to the upside. On the other hand, there is a possibility that the price may test the support lines at 1.0100 and 1.0050 this week.

GBP/USD: The GBP/USD trended further downwards by roughly 250 pips last week, challenging the accumulation territory at 1.5050. More downwards movement was halted at this point, and the price bounced upwards, going above the accumulation territory at 1.5150. The accumulation territory at 1.5050 can now defend the market against a movement that could go below it.

USD/JPY: This currency trading instrument closed at 118.45 on Friday, January 9, 2015, on a bearish note. The market has been volatile recently - moving in swings. The demand level at 118.00 could be breached to the upside before the bulls come in to push the price upwards.

EUR/JPY: This cross moved further downwards last week; which led to a stronger Bearish Confirmation Pattern in the market. The cross moved downwards by around 350 pips last week and it could move further downwards this week.

Source: www.instaforex.com

[Forecast]

In spite of the high volatility on the USD/JPY, the influence of the bears can still be seen. The price is now under the supply level at 118.50, and there is a possibility that the price may test the demand level at 117.50; even if there is going to be a rally after that.

EUR/USD: This pair has not moved significantly this week. The long-term bias is bearish but it now appears that the bearish pressure in the market is thinning out. While the price may test the resistance lines at 1.1800 and 1.1750 respectively, there could be a serious short-term rally after that.

USD/CHF: This currency trading instrument has not assumed a serious directional bias this week, although the long-term bias is bullish. It is probable that the resistance levels at 1.0200 and 1.0250 might be tested successively. In fact the resistance levels may serve as impediment to further rallies, because the price may nosedive from there, testing the support level at 1.0050.

GBP/USD: The Cable is making effort to go bullish but the overall outlook is bearish. Since the price touched the accumulation territory at 1.5050, the market has moved upward by more than 120 pips, now moving close to the distribution territory at 1.5200. It is only a movement above the distribution territory at 1.5300 that can threaten the extant bearish bias.

USD/JPY: In spite of the high volatility on the USD/JPY, the influence of the bears can still be seen. The price is now under the supply level at 118.50, and there is a possibility that the price may test the demand level at 117.50; even if there is going to be a rally after that.

EUR/JPY: This cross has continued its southward attempt in a slow and steady manner. The price is very close to the demand zone at 139.50, which could be tested (it could even be breached to the upside).

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The current bullish effort on the USD/JPY is seen as another opportunity to sell short. The supply levels at 118.00 and 118.50 may defend the bearish outlook while there is a possibility that the demand levels at 116.50 and 116.00 could be tested again.

EUR/USD: This pair trended downwards by more than 300 pips last week and therefore, the current upwards bounce is shallow and it pales into insignificance when compared to the existing bearish outlook. The support lines at 1.1500 and 1.1450 could be challenged again and they can be overcome.

USD/CHF: When the USDCHF dropped like a stone last week, the EURUSD ought to spike skywards, since they are negatively correlated in a normal condition. The latter was not affected, and both pairs cannot remain bearish for a long time (and the USD is strong in its own right). USDCHF would, therefore, move upwards by at least, 500 pips this week.

GBP/USD: This currency trading instrument first went upwards by 150 pips and later dropped by over 100 pips. The overall outlook is southwards and the accumulation territories at 1.5100 and 1.5050 could be tried this week.

USD/JPY: The current bullish effort on the USD/JPY is seen as another opportunity to sell short. The supply levels at 118.00 and 118.50 may defend the bearish outlook while there is a possibility that the demand levels at 116.50 and 116.00 could be tested again.

EUR/JPY: Since the beginning of this year, this cross has dropped by around 1000 pips (it dropped by around 400 pips last week). The price closed below the supply zones at 136.50, and it is expected to go further downwards, reaching the demand zones at 134.50 eventually. The only thing that can change the bearish outlook this week is the event in which the JPY is weakened.

Source: www.instaforex.com

[Forecast]

When the USDCHF dropped like a stone last week, the EURUSD ought to spike skywards, since they are negatively correlated in a normal condition. The latter was not affected, and both pairs cannot remain bearish for a long time (and the USD is strong in its own right). USDCHF would, therefore, move upwards by at least, 500 pips this week.

EUR/USD: This pair has moved upward so far this week – a movement of over 90 pips. This, however, should be seen as a short-selling opportunity in the near-term, since the overall bias is currently bearish. The support line at 1.1550 could be tested, even if there would be a rally following that.

USD/CHF: When the USDCHF dropped like a stone last week, the EURUSD ought to spike skywards, since they are negatively correlated in a normal condition. The latter was not affected, and both pairs cannot remain bearish for a long time (and the USD is strong in its own right). USDCHF would, therefore, move upwards by at least, 500 pips this week.

GBP/USD: This currency trading instrument is also bearish in outlook and it has more potential to move further downwards, especially when compared to the USD. The accumulation territory at 1.5050 could thus be challenged this week.

USD/JPY: Persistent bullish effort in this market has made bearish outlook to be precarious. The bullish effort that started last Friday and it is still ongoing. A movement above the supply level at 118.50 would mean the end of the bearish outlook and the beginning a renewed bullish outlook.

EUR/JPY: The EUR/JPY cross is now experiencing a bullish correction, although the dominant bias is bearish. The demand zone at 134.50 is now a great challenge to the bears, and there is a probability of things turning bullish in the event that the price goes upwards relentlessly.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/USD is now one of the weakest of the popular pairs and crosses. Since January 2, 2015, the price has fallen by roughly 900 pips. There was a massive drop in the market last week, enabling the price to drop below the support line at 1.1150. Although the price bounced upwards after that, the support line would be breached soon.

EUR/USD: The EUR/USD is now one of the weakest of the popular pairs and crosses. Since January 2, 2015, the price has fallen by roughly 900 pips. There was a massive drop in the market last week, enabling the price to drop below the support line at 1.1150. Although the price bounced upwards after that, the support line would be breached soon.

USD/CHF: The outlook on this special market remains unchanged. The bias on this currently abnormal market is bearish but it is expected that the bullish correction would continue gradually in spite of occasional large bearish corrections. The USD/CHF would, therefore, move upwards by at least, 500 pips this week. The upwards movement would, however, be slow and gradual.

GBP/USD: One nice thing about the Cable is that it is now going in a clean positive correlation with the EUR/USD. The two pairs tend to go in positive correlation with each other – an established habit. The Cable and the EUR/USD are both dropping, but the drop in the latter is more significant than the drop in the former. On the Cable, further drop is expected this week.

USD/JPY: The situation on the USD/JPY is a kind of dicey right now; but it is more probable that the pair would go further south, as a result of perceived strength in the JPY. This market can reach the demand level at 117.00 soon.

EUR/JPY: This is one of the weakest among the JPY pairs – largely because of the strong weakness in the EUR itself. On Friday, January 23, 2015, the price closed on a bearish note. More southerly movement is expected this week.

Source: www.instaforex.com

[Forecast]

The outlook on the USD/CHF remains unchanged. The bias on this currently abnormal market is bearish but it is expected that the bullish correction would continue gradually in spite of occasional large bearish corrections. The upwards movement would, however, be slow and gradual.

EUR/USD: After testing the support line at 1.1100, the EUR/USD bounced upwards by over 190 pips. The upward bounce pales into insignificance when compared to the overall bearish bias, which is now very strong. In other word, the current upward bounce is better seen as a clean opportunity to sell short as the price rallies in the context of a downtrend.

USD/CHF: The outlook on this special market remains unchanged. The bias on this currently abnormal market is bearish but it is expected that the bullish correction would continue gradually in spite of occasional large bearish corrections. The USD/CHF would, therefore, move upwards by at least, 500 pips this week. The upwards movement would, however, be slow and gradual.

GBP/USD: This currency trading instrument challenged the accumulation territory at 1.5000, but the territory was successfully defended. The price bounced upwards after this, closing above the accumulation territory at 1.5050. However, the general outlook in the market is bearish, and it is expected that the price would come down very soon. The accumulation territory at 1.5000 would be challenged again.

USD/JPY: The movement on this pair is not as strong as the movement on the EUR/JPY. However, the indication currently shows that short trades are not advisable right now, for further weakness in the Yen could cause the price to reach the supply level at 119.00.

EUR/JPY: Just like the EUR/USD, this cross is also trying to rally in the context of the downtrend. The bearish outlook may be aided by continuous weakness in the Euro, but there is a possibility of the Yen becoming very weak; thus enabling a serious rally in the market.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/JPY made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. Only a movement above the supply zone at 135.00 can render this bias invalid. Otherwise, further southerly journey is expected this week.

EUR/USD: This pair moved upwards last week and later consolidated till the end of the week. However, the overall bias is bearish. On Friday, January 29, 2015, the price closed at 1.1285, in a context of the downtrend. Only a movement above the resistance line at 1.1450 could render the bearish outlook invalid, for the EUR/USD has remained consistently bearish for a long period of time.

USD/CHF: As forecasted, the USD/CHF has moved upwards in a slow and steady manner and this upwards movement is supposed to continue this week, allowing further upwards movement in the market.

GBP/USD: Last week was characterized by a serious contest between the bulls and the bears, with each side winning temporarily. Towards the end of the week, the bears flexed their muscles strongly and ended up pushing the price lower. There is a now a ‘sell’ signal in this market.

USD/JPY: There was no much activity in this market last week, save occasional short-term upswings and downswings in the market. This week, it is either the supply level at 119.00 is breached to the upside or the demand level at 117.00 is breached to the downside.

EUR/JPY: The EUR/JPY made a noteworthy effort to rally in the context of a downtrend, but the overall bias remains bearish. Only a movement above the supply zone at 135.00 can render this bias invalid. Otherwise, further southerly journey is expected this week.

Source: www.instaforex.com