InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    Daily analysis of major pairs for July 21, 2015

    EUR/USD: Bears have not shown any signs of relenting this week, although there was no significant movement on Monday. The Bearish Confirmation Pattern is intact in the market, and the support line at 1.0800 could be violated. In case the support line is successfully breached, the next target would be the support line at 1.0750.


    Show full picture

    USD/CHF: The USD/CHF pair still epresses willingness to go further north by moving upward by 40 pips on Monday. This is a slight continuation of the current dominant bullish bias, and the resistance level at 0.9650 is under siege now. In case the resistance level gets breached to the upside, the next target would be the resistance level at 0.9700.


    Show full picture

    GBP/USD: Irrespective of recent consolidation, there is still a clean bullish bias on the cable. For the bullish bias to continue being valid, the distribution territory at 1.5650 must be breached to the upside: otherwise there could be a risk of a strong bearish correction this week.


    Show full picture

    USD/JPY: This currency trading instrument has been trending strongly for the most part of this month. The price has closed above the demand level at 124.00, going towards the supply level at 124.50. Should that supply level be broken to the upside, the next target would be another supply level of 125.00.


    Show full picture

    EUR/JPY: The fate of the EUR/JPY pair would continue to be determined by whatever happens to the euro. The euro is currently weak - hence the bearish outlook on the cross. The bearish outlook can only be reversed in case the euro becomes significantly strong.


    Show full picture

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree