EUR/USD: As indicated by the Bearish Confirmation Pattern in the chart, the pair is weak and would continue to trend lower. The weakness of the EUR/USD is expected to continue irrespective of any short-term rallies in the market. The price would soon test the support line at 1.3500.
USD/CHF: As indicated by the Bullish Confirmation Pattern in the chart, this pair is strong and would continue to trend upwards. The strength of the USD/CHF is expected to continue irrespective of any short-term bearish corrections in the market. The price would soon test the resistance level at 0.9150.
GBP/USD: Surprisingly (though it is not new), this market has assumed a bullish bias and it may start putting more effort to go further northward – as engineered by the bulls. It is possible that the weakness of the EUR/USD might indirectly cause a limited bullish movement in the market, but the price could reach the distribution territory at 1.6500.
USD/JPY: The vagary of the USD/JPY is gradually becoming a major source of concern. Recent bullish and bearish signals have proven to be short-lived and unreliable. A movement would happen suddenly and not when expected; and when a new bias is confirmed, a reversal would soon occur. At the present, a bullish signal is in place and it seems logical for one to take a profit at 105.00.
EUR/JPY: This cross has been able to maintain it bearish bias, and rallies have always been opportunities to sell short here. There is a barrier the bullish attempts at 142.00. Meanwhile the price could fall further before reaching there.
For detail explanation and best discovery on market trends you may visit via Daily analysis of major pairs for January 21, 2014 . Thanks for your support on Daily analysis of major pairs for January 21, 2014
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