EUR/USD: This currency trading instrument has not gone significantly in any direction this week. There is currently a serious amount of volatility in the market as a result of the struggle between the bull and the bear. When there is a directional movement, it is likely to be southwards, which can take the target towards the support level at 1.2850 again.
USD/CHF: Since last month – and so far this month – the USD/CHF has gone upwards. The price is now going above the support level at 0.9350. It may test the resistance level at 0.9400.
GBP/USD: There is a formidable rally in the market – although the dominant bias is bearish. This is because the EMA 11 is below the EMA 56 and the price is below the level 50. For a bullish signal to form in the chart, the EMA 11 needs to cross the EMA 56 to the upside and the RSI period 14 needs to cross the level 50 to the upside. Should this condition fail to be fulfilled, the price could drop back towards the accumulation territory at 1.6100.
USD/JPY: In a conspicuous bullish trend, the USD/JPY pair was able to go above the demand level at 106.50. Therefore, the supply level at 107.00 is an easy target that should be hit very soon. Some fundamental figures are expected today and they are supposed to have impact on the markets.
EUR/JPY: Further weakness in the Yen and a measure of bullish determination in the EUR has made the EUR/JPY cross gone upwards. As expected, there is now a Bullish Confirmation Pattern in the market and the price is supposed to continue going north, reaching the targets at the supply zones of 138.00 and 138.50.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of major pairs for September 11, 2014 . Thanks for your support.
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