EURUSD: This pair has gone upwards by roughly 100 pips this week, and the bullish scenario is still valid. Because of the optimism surrounding this pair, it could be going further upwards towards the resistance line at 0.3350. There is a support line at 1.3200 which is expected to halt any possible bearish threat.
USDCHF: The USDCHF has also gone down by more than 100 pips this week. Right now there is Bearish Confirmation Pattern on the chart, and the pattern is also supported by the clear indicators on the chart. The last week’s low of 0.9228 is about to be violated, for the price would eventually go towards the support level of 0.9200.
GBPUSD: Having moved upward by close to 120 pips, this market remains in its northward bias. The Bullish Confirmation Pattern is especially strong: the price goes above the EMA 11, which itself is above the EMA 12. Meanwhile, the RSI is strongly above the level 50.
USDJPY: In the context of a bearish scenario any a rally on this instrument, it is a wonderful short-selling opportunity. On Monday, the price rallied massively but went into a nosedive Tuesday. One who went short very early on Tuesday, would have made a nice profit. Now, the same scenario is repeating itself, which is another great selling opportunity.
EURJPY: This cross is also in a southward mode (with more southward possibility). The rally that happened on Monday nearly rendered the extant southward mode invalid, but the price came down. The current rally is another short-selling opportunity.
