EUR/USD: The EUR/USD continued to trade downwards, though it kind of consolidated on Wednesday. The Williams’ Percent Range is already in an oversold situation, and the price is below the resistance line at 1.3300. Should this outlook continue, the EMA 11 would go lower and possibly crossing its EMA 56 counterpart to the downside, therefore causing some downtrend determination.
USD/CHF: The northward bullish determination on the USD/CHF has been confirmed. As it is mentioned in the last daily analysis, the indicators on the chart support this outlook. Now, the price has succeeded in breaking the market level 0.9300 to the upside, and has range-traded since then. The next price target might be the market level at 0.9350.
GBP/USD: There is a clear bearish confirmation on the GBP/USD, as it was said yesterday. The indicators on the chart support this, and it should be noted that this downward pressure will eventually sound the death knell of the EUR/USD. The price would not find it difficult to remain below the accumulation territory of 1.6000.
USD/JPY: A Sell signal has nearly confirmed here. The RSI period 14 has already gone below the 50 level, but the price is still above the EMA 56. Further bearish pressure would take the price below the EMA, and the new trend would be ridden for as long as it lasts.
EUR/JPY: Just like the USD/JPY, a bearish outlook is in the offing on this cross. The RSI period 14 has already supported the bearish possibility, and should the price find it possible to get to below the nearest supply zone at 117.00, it might lead to a new downtrend.
