Monday, 13 January 2014

Daily analysis of the major pairs, 13 January 2014

EUR/USD:
inside after moving sideways for most of the last week, the couple was able to break up, which makes the last bearish bias virtually null and void. Bearish bias is not yet completely null and void. What would make a bad situation in which a couple stores before resistance line at 1.3700, which would have led to a clean a bullish bias.

USD/CHF:

inside after moving sideways for most of the last week, the couple was able to break down, which makes the recent bullish bias virtually null and void. The bullish bias is not yet completely null and void. What would make a bad situation in which the pair trade less than a level of support 0.9000, which should have resulted in a pure bearish bias.


GBP/USD:
inside the Interestingly, cable, and the EUR/USD seem to be going in a positive correlation with each other. This means that both are trying to go north. The current model of the cable's bullish confirmation last week. The price would have to be able to close the Deal this week as 1.6500.



EUR/JPY:

The EUR/JPY has shown its inability to trade higher than the acquisition area, despite several times last week to 143.00 tests. If the price drops below the demand, then the zone 142.00, it could mean a new bearish trend at the beginning. This view is supported by a rough Confirmation Pattern chart. ? inside


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