EURUSD: There has been a new bearish signal on the EURUSD pair, as the EMAs 11 crossed the EMA 56 to the downside and the RSI period 14 went below the level 50. It would not be difficult for the price to touch the support line at 1.3050. Only short trades are recommended.
USDCHF: The previous downwards outlook has been rendered useless on the chart, because there has been a new bullish signal on the chart. The EMA 11 has gone above the EMA 56, as the RSI period 14 has gone above the level 50. It would not be difficult for the price to reach the resistance level at 0.9300.
GBPUSD: This pair was also caught in some kind of skydiving. Since Wednesday, the price has fallen by over 200 pips, as the recent bullish outlook is rendered useless and the Williams’ % Range almost goes into the oversold area. Any further bearish move today could render the recent bullish outlook totally useless.
USDJPY: Though the RSI period 14 is heading downwards on the chart (at least, it is not longer in the overbought area), the bullish outlook is still valid on the USDJPY pair. Unlike other JPY pairs, this pair has traded sideways since Wednesday. But it may eventually yield to gravity.
EURJPY: Since the gap up occurred on Wednesday, the market has fallen by more than 200 pips. The Williams’ % Range is trying to head into the oversold territory (though the EMAs show that there is still some northward trend on the chart). There would be a need for the market to fall slowly or steadily for a few more days before there can be some bearish confirmation pattern. Nevertheless, long trades are no recommended on this market.
