EUR/USD: There was another bullish attempt on this pair yesterday. Since there is a bullish signal in the market, it is expected that price would go further upwards, testing the resistance line at 1.1250, though the resistance line at 1.1200 would need to be overcome first.
USD/CHF: There is a sell signal on the USD/CHF pair, which made another attempt to go south on Monday. As long as the EUR/USD pair is strong, USD/CHF would be bearish, unless the former drops like a stone (which is a possibility this week or next). This means that the movement of USD/CHF would be determined by whatever happens to EUR/USD.
GBP/USD: The GBP/USD pair has gone further south this week, which means the market has gone down 450 pips since August 4, 2016. There is a strong Bearish Confirmation Pattern on the chart and there is a possibility that price could go further and further south, unless there is a strong fundamental event that favors GBP or comes out very unfavorably for USD.
USD/JPY: There was nothing significant in the market on August 15, 2016. There is currently a bearish outlook on the market and this is expected to continue to hold this week. This week, bears should continue their dominance, as rallies proffer short-selling opportunities.
EUR/JPY: It can be said that the EUR/JPY pair consolidated yesterday, in the context of a downtrend. Price is expected to move further downwards this week, reaching the demand zones at 112.50 and 112.00; especially as EUR is expected to weaken further this week.
