InstaForex - Analytics

    InstaForex

    694.50 6.50/10
    61% of positive reviews
    Real

    Daily analysis of major pairs for March 22, 2016 2016-03-22

    EUR/USD: The bullish outlook on this pair is still valid. The market could continue going upwards but there is a possibility that the bears might come in and push the price downwards. The EUR could be seen weakening versus some majors this week.

    1.png

    Show full picture

    USD/CHF: There is a Bearish Confirmation Pattern on the USD/CHF. The EMA 11 is below the EMA 56 and the Williams' % Range period 20 is in the oversold region. This week would see next direction in the market, which would most probably favor the bulls, for the EUR/USD (which is negatively correlated to the USD/CHF). The pair might drop this week.

    2.png

    Show full picture

    GBP/USD: This currency instrument traded lower on Monday – in the context of an uptrend. The uptrend would not be rendered illogical as long as the price does not go below the accumulation territory at 1.4200. The price might rally from here, attaining the distribution territory at 1.4500, therefore we can see strengthening of the existing Bullish Confirmation Pattern on the chart.

    3.png

    Show full picture

    USD/JPY: The USD/JPY pair moved slightly upwards on Monday, reaching the supply level of 112.00. That movement was in the context of a downtrend; but the downtrend would be invalidated as soon as the price goes above the supply level of 113.50. A significant bullish journey required for this condition will be fulfilled. That is a forecast for the week.

    4.png

    Show full picture

    EUR/JPY: Here, the market seems to be ready to go further upwards. The EMA 11 is above the EMA 56 whereas the RSI period 14 is above the level 50. It is likely that the market would go above the supply zone at 126.00, starting a clear directional movement, which would happen this week. The movement would most probably favor the bulls, for the outlook on JPY pairs is bullish this week.

    5.png

    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