EURUSD: Here, the EMA 11 crossed the EMA 56 to the upside. EURUSD has been losing stamina while going bearish. The movement below the resistance line of 1.3450 has resulted in a bearish signal. The fundamental figures that are coming today would have impact on the movement of prices.
USDCHF: In the chart, the EMA 11 has crossed the EMA 56 to the upside, while the William’s % Range is in the overbought territory. USDCHF has been gaining strength while going bullish. The movement above the support level of 0.9150 has resulted in a bullish signal.
GBPUSD: This pair was trending upwards recently, but it is a surprise that it is now trending downwards (in an obvious positive correlation with EURUSD, which is not strange). The RSI period 14 has gone below the level 50, but the price has not traded below the EMA 56, nor the EMAs themselves given any bearish signal. One would need to wait for further confirmation before one takes a position. It is either the RSI period 14 would go above the level 50 to support the bulls, or the EMA 11 would cross the EMA 56 to the downside to support the bears.
USDJPY: This currency instrument has been in a firm bullish determination bias, as it moves upwards. The price is currently testing the supply level of 100.50 with determination, and it may break it to the upside while going toward the supply level of 101.00.
EURJPY: This cross is experiencing wild volatility but it is probable that the price would eventually go up. The chance of this happening is, however, 50/50, for the presence of the bears is clear in the chart.
