EUR/USD: The Bullish Confirmation Pattern on this currency trading instrument is still valid. In spite of the desperation of bears, bulls are still able to maintain their stand. A movement above the resistance line at 1.1350 would mean a new phase in the bullish journey.
USD/CHF: This is a weak market because the EMA 11 is below the EMA 56 and the Williams' %rRange period 20 is around the oversold region now. However, the price needs to go below the support level at 0.9250. So, the bearish outlook can become more vivid.
GBP/USD: The cable has been making gradual bullish attempt; and the attempt is considered weak. Unless the distribution territory at 1.5450 is broken to the upside,we do not advise to go long in the market. A movement below the current price position would simply enforce the existing dominant bias, which is bearish.
USD/JPY: The USD/JPY has been coming down since the beginning of this week (dropping by 120 pips). The price is currently consolidating and it may break upwards or downward slater. A downward break may cause the price to go below the demand level of 123.00 and this would result in a new bearish formation. A break to the upside would simply reinforce the recent bullish bias.
EUR/JPY: The EUR/JPY pair still has potential to go further upwards, proving that EUR is strong and the yen is weak. In the context of an uptrend, there is a serious volatility; the supply zone at 141.00 could be breached to the upside soon.
For detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of major pairs for June 10, 2015 . Thanks for your support.
No comments:
Post a Comment