Instaforex Trading Forecasts

[Forecast]

The outlook for the USD/CHF remains upbeat in the context of a downtrend. The price is supposed to continue going upwards in a slow and steady manner by at least 500 pips in this month. Along the way, there would be occasionally serious pullbacks which would, nevertheless, be transient in nature.

EUR/USD: At the end of the last week, this pair was consolidating. The consolidation has continued so far this week. The bias is, however, bearish and this could mean that the price would go south when there is a breakout in the market. The price can thus reach the support line at 1.1250 today.

USD/CHF: The outlook for the USD/CHF remains upbeat in the context of a downtrend. The price is supposed to continue going upwards in a slow and steady manner by at least 500 pips in this month. Along the way, there would be occasionally serious pullbacks which would, nevertheless, be transient in nature.

GBP/USD: The signal on the Cable is currently a “sell.” The price can test the accumulation territory at 1.5000 again; even breaking it to the downside. The Bearish Confirmation Pattern in the chart could also be a supporter of this outlook.

USD/JPY: The outlook on the USD/JPY is still the same. 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. The outlook on this cross for this week is bullish, and this can happen any day this week. The only factor that can render this expectation useless is a situation in which the Yen gains significant stamina.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/USD is weak and therefore, it is expected that the USD/CHF would be strong. The outlook for the latter is bullish and the outlook for the former is bearish. As said in earlier forecasts, this market would continue its slow and gradual upward movement this week, though this may not be without occasional, but short-term bearish corrections.

EUR/USD: The effort of the bulls in this market has invariably been rendered useless by the bears. The resistance line at 1.1500 was challenged but it was not overcome. The bears are currently trying to push the price south; which may enable the price to reach the support line at 1.1300 - an important level in its own right. Only a break above the resistance line at 1.1500 could render the bearish outlook invalid.

USD/CHF: The EUR/USD is weak and therefore, it is expected that the USD/CHF would be strong. The outlook for the latter is bullish and the outlook for the former is bearish. As said in earlier forecasts, this market would continue its slow and gradual upward movement this week, though this may not be without occasional, but short-term bearish corrections.

GBP/USD: The bias on the Cable has become bullish in the near-term. The market moved upwards by 350 pips last week, from the accumulation territory at 1.5000, which has become a formidable barrier to the bears’ machination. The distribution territory at 1.5350 was tested last week and it could be tested again.

USD/JPY: This popular market trended upwards significantly on Friday. Prior to this day, the market was consolidating between the demand level at 117.00 and the supply level at 119.00. A break above the supply level at 119.00 shows a new lease of bullish bias.

EUR/JPY: On Friday, February 6, 2015, this currency trading instrument closed at 134.81, on a bullish note. The outlook for most JPY pairs is bullish, and this instrument could be going upwards this week. A close above the supply zone at 136.00 would result in an unambiguous Bullish Confirmation Pattern.

Source: www.instaforex.com

[Forecast]

The USD/JPY went above the supply level at 119.00, but it could not stay above it. The price could still go upwards after the current bearish retracement has panned out. The outlook on this market is currently bullish and thus, the price my breach the supply level at 119.00 upwards again when it does rally.

EUR/USD: The little gains that were realized last week have been forfeited as a result of the ongoing weakness in this market. The price has tested a strong support line at 1.1300 – it would require a very strong selling pressure for that support line to be breached to the downside while the price stays below it.

USD/CHF: The EUR/USD is weak and therefore, it is expected that the USD/CHF would be strong. The outlook for the latter is bullish and the outlook for the former is bearish. As said in earlier forecasts, this market would continue its slow and gradual upward movement this week, though this may not be without occasional, but short-term bearish corrections.

GBP/USD: In spite of the current bears’ mutiny, the Bullish Confirmation Pattern in the market is valid and the price is supposed to go upwards any moment. This expectation can only be rendered invalid when the price closes below the accumulation territory at 1.5100.

USD/JPY: The USD/JPY went above the supply level at 119.00, but it could not stay above it. The price could still go upwards after the current bearish retracement has panned out. The outlook on this market is currently bullish and thus, the price my breach the supply level at 119.00 upwards again when it does rally.

EUR/JPY: The situation on this cross is now uncertain. This is a market in which the bulls and the bears have not effected any strong directional move in this week. One would need to stay away from this market until there is a predictable directional movement. It is either the price closes above the supply zone at 136.00 or closes below the demand zone at 133.00. Anyway, a close above the supply zone at 136.00 is more probable because the outlook on most JPY pairs is bullish.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the EUR/USD for this week is bullish.

EUR/USD: The EUR/USD has been making commendable effort to go upward in the context of a downward bias. This effort has enabled the price to close above the support line at 1.1350 and a movement above the resistance line at 1.1500 would result in a clean Bullish Confirmation Pattern in the market. The outlook on the EUR/USD for this week is bullish.

USD/CHF: Although the outlook on this pair is bullish and the price is supposed to be going upwards, there is now a high probability that there could be some short-term or protracted pullbacks in the market. One thing is sure, the possible pullbacks would not be permanent and the price could continue its upward journey after that (even if it would be a consolidation to the upside).

GBP/USD: This currency trading instrument trended upwards last week, testing the distribution territory at 1.5400. That distribution territory is currently being battered and it would be breached to the upside as the price continues its northward journey.

USD/JPY: This pair rose by 200 pips last week and later fell by another 200 pips. From the demand level at 118.50, the price almost reached the supply level at 120.50, after which the gains made by the bulls were forfeited. The bullish bias on the pair, however, still remains logical.

EUR/JPY: This cross closed at 135.34 on Friday, February 13, 2015. The cross is trying to go further upwards and a movement above the supply zone at 136.50 would result in the invalidation of the recent bearish outlook plus a new ‘buy’s signal.

Source: www.instaforex.com

[Forecast]

The USD/CHF has been in a bullish trend for the near-term. The upward movement has been slow and steady while the price remains volatile as a result of frequent challenge from the bears. The possibility of large or shallow pullbacks is now high, which may occur this week or next week.

EUR/USD: It is better to stay away from this market until there would be a strong directional movement. There is a support line at 1.1300 and a resistance line at 1.1450. It is either that support line is breached to the downside or the resistance line is breached to the upside. The latter scenario is more likely and as a result of this, the resistance line at 1.1500 may be reached eventually.

USD/CHF: The USD/CHF has been in a bullish trend for the near-term. The upward movement has been slow and steady while the price remains volatile as a result of frequent challenge from the bears. The possibility of large or shallow pullbacks is now high, which may occur this week or next week.

GBP/USD: The Cable is currently strong and the best way to approach it is to buy on dips. The price is above the accumulation territory at 1.5350 and below the distribution territory at 1.5400. Since it is assumed that the Cable would keep going up according to the recent bullish outlook, the price could later trade above the distribution territory at 1.5400, going towards another distribution territory at 1.5450.

USD/JPY: From around the supply level at 120.50, this currency trading instrument dived by 200 pips, going below the supply level at 118.50. This has made long trades illogical and a touch of the demand level at 118.00 would result in Bearish Confirmation Pattern.

EUR/JPY: The recent weakness in the EUR and strength in the JPY has enabled this cross to go below the supply zone at 135.00. This is now a weak market.

Source: www.instaforex.com

Learn from the Generals of the Markets: [Market Generals](http://www.amazon.co.uk/Learn-Generals-Market-Azeez-Mustapha/dp/1908756314
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[Forecast]

The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this week.

EUR/USD: This currency trading instrument moved largely sideways last week as the bulls and the bears struggled in vain for significant supremacy, being swayed by transitory buying and selling pressure. There is a support line at 1.1300 and a resistance line at 1.1450; and the price would break either to the downside or the upside. Nevertheless, a break above the resistance line at 1.1450 is more likely this week.

USD/CHF: The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this week.

GBP/USD: The Cable has been able to go high so far, forming higher highs and lower highs in the market. The distribution territory at 1.5450 has already been challenged and it could be challenged again. While the price may go as far as another distribution territory at 1.5500, it is more likely that the GBP may see limited bullish movement this week. In other word, the probability of a southward plunge is high.

USD/JPY: The USD/JPY did not move significantly upwards or downwards last week. The price has thus consolidated as a rise in momentum is awaited. A break to the upside is more likely this week or next week.

EUR/JPY: This market is currently in an equilibrium phase and it would be OK to wait until there is a break below the demand zone at 134.00 or a break above the supply zone at 136.50. The latter action is more likely.

Source: www.instaforex.com

[Forecast]

The EUR/JPY market is currently in an equilibrium phase and it would be OK to wait until there is a break below the demand zone at 134.00 or a break above the supply zone at 136.50. The latter action is more likely, because the bulls are ready to fight against any southward plunge in the near-term.

EUR/USD: The outlook on this remains unchanged as there is not yet a clean directional movement. There is a support line at 1.1300 and a resistance line at 1.1450. It is either the price breaks the resistance line at 1.1450 to the upside or it breaks the support line at 1.1300 to the downside.

USD/CHF: The USD/CHF moved upwards by 200 pips last week, topping at the resistance level of 0.9500. That resistance level was slashed upwards, but the price could not stay above it, for the price dived by 130 pips, closing below the resistance level at 0.9400. Another close below the support level at 0.9300 is possible this week.

GBP/USD: In this market, the distribution territory at 1.5450 has already been challenged again and again. While the price may go as far as another distribution territory at 1.5500, it is more likely that the GBP may see limited bullish movement this week. A pullback is possible anytime in this week.

USD/JPY: The equilibrium phase of the USD/JPY has not ended, for the price has thus consolidated as a rise in momentum is awaited. A break to the upside is more likely this week or next week.

EUR/JPY: This market is currently in an equilibrium phase and it would be OK to wait until there is a break below the demand zone at 134.00 or a break above the supply zone at 136.50. The latter action is more likely, because the bulls are ready to fight against any southward plunge in the near-term.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook on this cross is bullish for the week.

EUR/USD: This market plummeted by around 180 pips last week, challenging the support line at 1.1200. This week, we would watch another support line at 1.1100 – though there is a probability that the market could rally any day in the week.

USD/CHF: In contrast to what the EUR/USD was doing, this pair moved downwards. (Although its movement was not as significant as the movement on the EUR/USD), the USD/CHF price rose upwards from the support level at 0.9450, almost reaching the resistance level at 0.9550. While the resistance level may be breached to the upside, the possibility of a bearish correction cannot also be overlooked.

GBP/USD: The Cable went upwards and later went downwards last week, but the general outlook on the market is still upbeat. On Friday, February 27, 2015, the price closed at 1.5436, while hovering above the accumulation territory at 1.5400. There is a risk of that accumulation territory being breached to the downside.

USD/JPY: Owing to the perceived strength in the USD, this currency trading instrument made a weak effort to go upwards last. Unless the price crosses the supply level at 120.00 to the upside, it would be assumed that this market is still consolidating. One would need to keep one’s fingers crossed until a serious momentum returns to the market. One thing is almost certain: the possibility that the USD/JPY would go upwards is very high.

EUR/JPY: The EUR/JPY trended downwards last week, owing to the weakness in the EUR. The price tested the demand zone at 133.50 and further bearish movement was rejected around that place. There is now a faint bullish effort in the market and the supply zones at 135.00 and 135.50 can be attained this week. The outlook on this cross is bullish for the week.

Source: www.instaforex.com

[Forecast]

The USD/JPY, whose dominant bias is bullish, has already started another leg of its bullish journey. The price is currently trading above the demand level at 120.00 (which was our first target for this week), going towards the supply level at 120.50. That is the second target for this week.

EUR/USD: This pair is still bearish in outlook, not yet able to go upwards significantly, following the strong bearish run that happened in the latter end of the last week. As long as this pair is weak, the USD/CHF (which normally gets negatively correlated to the EUR/USD) would not be able to go downwards. The price is currently between the support line at 1.1150 and the resistance line at 1.1200. The support line may be breached to the downside but the price may not be able to close below it, because the outlook on the EUR is upbeat.

USD/CHF: As it is said concerning the EUR/USD above, this market would continue to meander its way upwards as long as the EUR/USD is weak. The market moved upward on Monday, staying above the support level at 0.9550, and moving very close to the resistance level at 0.9600. Unless there is a sudden weakness in the USD, the resistance level at 0.9600 stands a good chance of being breached to the upside.

GBP/USD: In spite of the recent effort by the bulls, the Cable could go a little bit lower this week. The price has started moving downwards gradually, and more downwards movement would lead to a Bearish Confirmation Pattern in the market.

USD/JPY: The USD/JPY, whose dominant bias is bullish, has already started another leg of its bullish journey. The price is currently trading above the demand level at 120.00 (which was our first target for this week), going towards the supply level at 120.50. That is the second target for this week.

EUR/JPY: There is now a faint bullish effort on this cross and the supply zones at 135.00 and 135.50 can be attained this week. The outlook on this cross is bullish for the week.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The EUR/JPY dropped by over 350 pips last week, resulting in a strong Bearish Confirmation Pattern in the market. One reason for this is the weakness in the EUR. Unless the EUR gains some stamina, this cross will continue to drop further south, reaching the demand zones at 130.00 and 129.50.

EUR/USD: This pair has experienced one of its strongest weaknesses in several weeks. The market broke though one support line after another (the support lines then became the resistance lines). While further southward dip is expected, there is a strong support line at 1.0500, which could act as a check to the bears’ frenzy. Unless the EUR is fated to reach parity with the USD, this pair is not expected to drop below the aforementioned support line.

USD/CHF: Yes, this market would keep going up as long as the EURUSD is weak. The price is currently trading above the support level at 0.9850. The next targets for this week are located at the resistance levels at 0.9900 and 0.9950.

GBP/USD: The Cable plummeted by over 350 pips, going below the distribution territory at 1.5050. The accumulation territories at 1.5000 and 1.4950 are now vulnerable to bearish attacks. The outlook on the Cable this week is bearish.

USD/JPY: This currency trading instrument has succeeded in going upwards. The dominance bias on the market is bullish and there is a possibility that it would continue its upward journey. The potential targets for the bulls are now at the supply levels at 121.50 and 122.00.

EUR/JPY: The EUR/JPY dropped by over 350 pips last week, resulting in a strong Bearish Confirmation Pattern in the market. One reason for this is the weakness in the EUR. Unless the EUR gains some stamina, this cross will continue to drop further south, reaching the demand zones at 130.00 and 129.50.

Source: www.instaforex.com

[Forecast]

In the context of a downtrend, the Cable moved upwards by 100 pips on Monday. Unless the distribution territories at 1.5250 and 1.5300 are breached to the upside, the current rally in the context of the downtrend would be interpreted as a good opportunity to sell short at a better price.

EUR/USD: This is a bear market, and while further southward dip is expected, there is a strong support line at 1.0500, which could act as a check to the bears’ frenzy. Unless the EUR is fated to reach parity with the USD, this pair is not expected to drop below the aforementioned support line.

USD/CHF: This market consolidated on Monday, without a clean movement to the upside or the downside. The price is currently above the support level at 0.9850, and it may reach the resistance levels at 0.9900 and 0.9950, especially in the face of continued strength in the USD and continual weakness in the CHF.

GBP/USD: In the context of a downtrend, the Cable moved upwards by 100 pips on Monday. Unless the distribution territories at 1.5250 and 1.5300 are breached to the upside, the current rally in the context of the downtrend would be interpreted as a good opportunity to sell short at a better price.

USD/JPY: As expected, this pair has been able to move higher upward yesterday. The price action and the candlesticks formations on the 4-hour chart show a great probability of a continuation of the extant bullish bias. This is our outlook this week: an upward movement.

EUR/JPY: This currency trading instrument also made some faint bullish effort while the major trend remains bearish. The faint bullish effort is seen as another opportunity to sell short; unless the price goes above the supply zones at 133.00 and 134.00.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The Cable is a weak market right now. The market moved downwards by more than 300 pips last week, closing below the distribution territory 1.4750. The accumulation territories at 1.4700 and 1.4650 are now potential targets for the bears. While those accumulation territories may be tested, it is unlikely that the price would breach them to the downside this week.

EUR/USD: This pair has been so weak to the point that long trades do not make sense at the moment. The possibility of the EUR reaching parity with the USD is now very high. If the CAD, the CHF and the AUD could reach parity with the USD, why can’t the EUR reach parity with it? The bulls and the bears are fighting a serious battle around the great support line at 1.0500, and should the support line be breached to the downside, we may see the price testing another support lines at 1.0400 and 1.0300. The outlook for the EUR/USD is bearish indeed.

USD/CHF: Since the EUR/USD is weak, the USD/CHF would continue its upward journey for as long as the EUR/USD is weak. The price is now between the support level at 1.0000 and the resistance level at 1.0100. A breach above the resistance level at 1.0100 is very likely.

GBP/USD: The Cable is a weak market right now. The market moved downwards by more than 300 pips last week, closing below the distribution territory 1.4750. The accumulation territories at 1.4700 and 1.4650 are now potential targets for the bears. While those accumulation territories may be tested, it is unlikely that the price would breach them to the downside this week.

USD/JPY: This currency trading instrument is bullish in outlook – though there was no significant northward movement last week. On Friday, March 13, 2015, price closed at 121.39; on a bullish note. This week or next week, the probability of this instrument rallying is very high.

EUR/JPY: This is a bear market and it would continue to be weak as long as the EUR does not have any strength. Only an exponential stamina in the EUR could reverse the trend; or a strong weakness in the JPY itself.

Source: www.instaforex.com

[Forecast]

The Cable is currently weak and there is a vivid Bearish Confirmation Pattern in the market. Although the price has moved upwards by 100 pips this week, this may be an opportunity to go short at a better price, unless the price breaches the distribution territories at 1.4900 and 1.5000.

EUR/USD: This pair has bounced upwards, moving above the support line at 1.0550. This may turn out to be a rally in the context of a downtrend – proffering another nice opportunity to sell short when things rally in the context of a downtrend. The price may move further downwards to test the support lines at 1.0500 and 1.0450. Unless the price moves above the resistance lines at 1.0700 and 1.0800, this bearish bias would be intact.

USD/CHF: The USD/CHF has been moving sideways since last week, and unlike the EUR/USD which bounced upwards, it has not pulled back this week. Do remember that the USD/CHF and the EUR/USD are negatively correlated. Now, there is a possibility that the market would try the resistance level at 1.0150.

GBP/USD: The Cable is currently weak and there is a vivid Bearish Confirmation Pattern in the market. Although the price has moved upwards by 100 pips this week, this may be an opportunity to go short at a better price, unless the price breaches the distribution territories at 1.4900 and 1.5000.

USD/JPY: The USD/JPY has been moving sideways since last week and there would soon be a breakout, which would potentially favor the bulls. This upward breakout is expected to happen this week or early next week.

EUR/JPY: This attractive cross has also bounced upwards – just like the EUR/USD. As it is, the upwards bounce could be another opportunity to go short, unless the price moves upwards and settles above the supply zones at 130.00 and 140.00.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

All eyes are on the EUR/USD, which has proven that the EUR is not ready to reach parity with the USD soon. On Wednesday, March 18, 2015, the market skyrocketed by over 450 pips, before being corrected lower. The perpetual bullish effort has already resulted in a Bullish Confirmation Pattern in the market, and thus, the resistance lines at 0.0900 and 0.1000 may be reached this week.

EUR/USD: All eyes are on the EUR/USD, which has proven that the EUR is not ready to reach parity with the USD soon. On Wednesday, March 18, 2015, the market skyrocketed by over 450 pips, before being corrected lower. The perpetual bullish effort has already resulted in a Bullish Confirmation Pattern in the market, and thus, the resistance lines at 0.0900 and 0.1000 may be reached this week.

USD/CHF: Recently, and in the foreseeable future, what happens to the USD/CHF would be largely determined by the events affecting the EUR/USD, especially in a negatively correlated manner. The resistance levels at 0.9900 and 1.0000 are poised to frustrate the effort of the bulls, as the price mulls the attainment of the support levels at 0.9700 and 0.9600.

GBP/USD: The price actions on the GBP/USD and the EUR/USD are nearly similar, for both of them are positively correlated. The recent bearish outlook has been put in jeopardy and it is now in a precarious position. More buying pressure is expected on the Cable this week, and the distribution territories at 1.5050 and 1.5150 may eventually be overcome.

USD/JPY: This is now a bear market, but short trades should be sought with caution. While the demand levels at 119.50 and 119.00 could be tried, there is also a possibility that the price may go upwards towards the supply levels at 121.50 and 122.00.

EUR/JPY: There has been a perpetual bullish effort on this currency trading instrument, and this has posed a great threat to the extant bearish outlook. A movement above the supply zone at 140.00 would render the bearish outlook completely invalid. This trading instrument may rally this week.

Source: www.instaforex.com

[Forecast]

As it was expected, the USD/CHF continues to go further downwards – as opposed to the bullish movement on the EUR/USD. We are now watching the support levels at 0.9600 and 0.9550, which may be attained this week, as long as this pair is weak.

EUR/USD: This pair moved upward by 150 pips on Monday, hitting the resistance line at 1.0950 before experiencing a shallow pullback. The resistance line would soon be overcome as the market targets another resistance line at 1.1000, which may also be breached easily as the market continues to be strong.

USD/CHF: As it was expected, the USD/CHF continues to go further downwards – as opposed to the bullish movement on the EUR/USD. We are now watching the support levels at 0.9600 and 0.9550, which may be attained this week, as long as this pair is weak.

GBP/USD: When compared with the EUR/USD, the bullish movement on the Cable is shallow. Although there is a great threat to the recent Bearish Confirmation Pattern in the market, it would not really be invalidated until the price crosses the distribution territories at 1.5000 and 1.5050 to the upside.

USD/JPY: This market has continued to show more and more weakness; slowly and gradually. The demand levels at 119.50 and 119.00 may soon be tested but they may do a good job in halting further bearish development. The outlook on this pair is bullish for this week and the price could rally anytime, provided that they are still above the aforementioned demand levels. Should they breach the demand levels to the downside, the bullish expectation could be rendered illogical.

EUR/JPY: This currency trading instrument has been able to hold onto its bullishness, owing to the recent strength in the Euro. This perpetual bullishness, which has been taking place since last week, has succeeded in effecting a clean bullish outlook on the market. This may just be the beginning of a serious bullish journey.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

The Cable moved only sideways throughout last week, with neither the bull nor the bear gaining an upper hand. As long as the bull and the bear seem to have equal stamina, the sideways movement can continue – until there is a rise in momentum which could cause an imbalance in the market. The imbalance will most probably favor the bull.

EUR/USD: On Friday, March 27, 2015, this pair closed at 1.0887, on a slight bullish note. The bias is still bullish while there are support lines at 1.0750 and 1.0700. Moreover, there are resistance lines at 1.1000 and 1.1050. There must be a break above the resistance lines or below the support lines, for the trend to continue in favor or against the bull.

USD/CHF: In spite of some visible effort by the bull, to push the price upwards. This is a bear market. The only thing that can render the bearish outlook useless is an event that causes the price to go above the resistance level at 0.9800 first, and then 0.9850 later. Should the current weakness in the USD continue, the price could retest the support line at 0.9500, which was tried last week.

GBP/USD: The Cable moved only sideways throughout last week, with neither the bull nor the bear gaining an upper hand. As long as the bull and the bear seem to have equal stamina, the sideways movement can continue – until there is a rise in momentum which could cause an imbalance in the market. The imbalance will most probably favor the bull.

USD/JPY: This is currently a weak currency trading instrument. There is a clean Bearish Confirmation Pattern in the market and the demand level at 118.50 could be tested. On the other hand, some weakness in the Yen is expected this week or next week, which may cause this instrument to rally eventually.

EUR/JPY: The situation on this cross is dicey and on would need to wait to know the next price action before taking a position. The bullish gain that was realized last week has nearly been forfeited, but a possible rally might cause the recent bullish outlook to become more significant.

Source: www.instaforex.com

[Forecast]

The bullish effort on the USD/JPY is paying off. The price has gone above the demand level at 120.00 and in effect, there is now a Bullish Confirmation Pattern in the market. The next targets for the bulls are located at the supply levels at 120.50 and 121.00. Those are the target for this week, because the bullish expectation on this market is strong.

EUR/USD: The EUR/USD has nearly forfeited all the bullish gains it got last week. The current near-term weakness in the market has put the extant bullish bias in jeopardy. There is a good possibility that things will go completely bearish in an event in which the price goes below the support lines at 1.0750 and 1.0700.

USD/CHF: This currency trading instrument has continued to make its effort to go upwards – with some visible results. A movement above the resistance levels at 0.9800 and 0.9850 would mean the end of the current bearish bias and the beginning of a good bullish bias.

GBP/USD: The Cable moved only sideways throughout last week, but the price has started consolidating to the downside, trying the accumulation territory at 1.4800. Currently, a long trade in this market does not look as the best thing, unless the price reaches the distribution territory at 1.5050, which now seems a far cry.

USD/JPY: The bullish effort on the USD/JPY is paying off. The price has gone above the demand level at 120.00 and in effect, there is now a Bullish Confirmation Pattern in the market. The next targets for the bulls are located at the supply levels at 120.50 and 121.00. Those are the target for this week, because the bullish expectation on this market is strong.

EUR/JPY: It would be recommended that one should stay away from this cross until there is a vivid trending movement. The current situation in the market is a kind of dicey and one would need to wait to see where the coming momentum will take the price. Nevertheless, a movement to the upside is very likely.

Source: www.instaforex.com

Learn from the Generals of the Markets: Market Generals

[Forecast]

“Trading and investing are games of possibility. We know from quantum physics that the universe is a place of infinite possibility. Isn’t it time that you found your own individual self and expressed that in your trading and investing?”

The markets offer riches that can’t be accessed unless you become a trader or an investor. Despite your trading experience, you’re to stand your ground in determination, no matter the challenges and uncertainty in the markets. Refuse to give up or give in to the pressure to quit. Imagine if setting a goal for yourself, you planned to make a certain percentage within a month or a quarter, but you ended up reaching that goal only after six months or one year; don’t feel bad. Instead, say, “I’ll meet the goal sooner next time.” You don’t need to be discouraged simply because you fail to meet a goal for a period of the time.

We believe it’s possible to make profits in the markets, and that can be done consistently on annual basis. What you don’t believe, you don’t get empowered to become. We don’t care what causes the beginning of a long-term bias in a market. What matters is that we profit from the bias, without knowing why the bull and the bear take their positions. Many people make money from long-term biases, and certain people lose; but a determined trader will not quit. If a horse throws off a determined rider, she or he will mount it again.

“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did,” said Mark Twain. Poverty has become widespread and it’s bound to continue increasing globally. Think about your loved ones and your future. Think about your children and your financial security when you become old. Do you want your child to be richer than you? Please think about teaching your kid the art of trading, for it doesn’t hurt if your kid becomes the wealthiest person in your family.

Trading is one of the greatest jobs and one of the highest paying jobs in the world, but it’s also one of the most challenging. When the challenges are overcome, honestly, things would become easier than thought. Our breakthrough begins in a new direction, for speculation is a fantastic lifestyle in which our brains help us make money and our self-control helps us remain permanently successful.

WHAT SUPER TRADERS DON’T WANT YOU TO KNOW. Super Traders: ADVFN Books: What Super Traders Don’t Want You To Know by Azeez Mustapha

Copyright: Advfnbooks.com

This piece is ended with a quote from Mercedes Oestermann van Essen. The quote at the beginning of the price is also from her:

“Becoming comfortable with who you are, and learning what motivates you in a positive and expansive way is the first step on the road to lasting trading success and financial freedom.”

[Forecast]

The USD/CHF went upwards last week – just in opposite of what the EUR/USD was doing. The market first made some bullish attempt, reaching the resistance level at 0.9750. Further bullish journey was rejected at that resistance level and price plunged by 250 pips, testing the support level at 0.9500. The bearish movement this week may make the price go below that support level.

EUR/USD: This pair first went downwards last week, reaching the support line at 1.0750. The price could not close below the support level, and therefore, it rallied massively by more than 250 pips. The price could go upwards this week, reaching the resistance line at 1.1000. The price closed above the support line at 1.0950: the price might test the aforementioned resistance line again. It may even breach it to the upside.

USD/CHF: The USD/CHF went upwards last week – just in opposite of what the EUR/USD was doing. The market first made some bullish attempt, reaching the resistance level at 0.9750. Further bullish journey was rejected at that resistance level and price plunged by 250 pips, testing the support level at 0.9500. The bearish movement this week may make the price go below that support level.

GBP/USD: The Cable has been consolidating for about 2 weeks, and the bullish breakout that occurred on Friday, April 3, 2015, did very little to change the dominant bias (which is neutral). In recent times, the price gallivanted between the distribution territory at 1.4850 and the accumulation territory at 1.4750. A break above the accumulation territory at 1.4900 looks promising, providing that the price also goes above the distribution territory at 1.5000. At the time, the bias would have turned bullish. Any movement downwards, by 100 to 200 pips would merely reinforce the existing neutral outlook.

USD/JPY: The currency trading instrument closed at 118.97, on a bearish note. There is now a Bearish Confirmation Pattern in the market and the price is expected to break the stubborn demand level at 118.50 below, going further south.

EUR/JPY: This cross looks strong right now and the price may continue going upwards slowly and gradually, especially as long as the EUR is strong. Any weakness in the EUR would cause the cross to plummet, because the outlook for some JPY pairs this month is bearish.

Source: www.instaforex.com

[Forecast]

The Cable is making some bullish effort, which is being frustrated by the bears now and then. The price is currently below the distribution territory at 1.4900. Though the price may reach the accumulation territory at 1.4800, it is expected that it would eventually go up in order to corroborate the bullish effort, which in turn, may lead to a confirmed bullish outlook.

EUR/USD: In spite of the current pullback in the market, the bullish outlook is still intact. The only thing that can render the bullish outlook useless is an occasion in which the price goes below the support lines at 1.0850 and 1.0800.

USD/CHF: Despite the current near-term rally on this pair, the bearish outlook is still intact. The only thing that can render the bearish outlook ineffectual is an occasion in which the price goes above the resistance levels at 0.9700 and 0.9750.

GBP/USD: The Cable is making some bullish effort, which is being frustrated by the bears now and then. The price is currently below the distribution territory at 1.4900. Though the price may reach the accumulation territory at 1.4800, it is expected that it would eventually go up in order to corroborate the bullish effort, which in turn, may lead to a confirmed bullish outlook.

USD/JPY: The present weakness in the Yen has caused this currency trading instrument to go up on Monday. The price level at 119.50 is seriously being challenged, and a close above the supply level at 120.00 would pose a threat to the existing southward bias. As long as the price does not cross the supply level at 120.00 to the upside, there is no threat to the southward bias.

EUR/JPY: This cross looks strong right now and the price may continue going upwards slowly and gradually, especially as long as the EUR is strong. Any weakness in the EUR would cause the cross to plummet, because the outlook for some JPY pairs this month is bearish.

Source: www.instaforex.com

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