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EUR/USD: There is much momentum in the markets. The markets are now trending strongly in most cases. For instance, the EUR/USD pair is now trading below the resistance line at 1.3450, in a strong downtrend. Strong economic figures are expected today and they would have impact on the markets.
USD/CHF: After the USD/CHF pair broke the strong support level at 0.9000 to the upside, the price has succeeded in going more upwards. The support level at 0.9000 is solid enough to challenge any bearish corrections from now on. Thus, the price may reach the resistance level at 0.9050.
GBP/USD: The Bearish Confirmation Pattern on the Cable is now getting stronger, as the market gives way and the downward trend is developing in a slow and steady manner. The EMA 11 is below the EMA 56 (and the price is below them). The RSI period 14 is below the level 50. The price could test the accumulation territory at 1.7000.
USD/JPY: It is said that most markets are trending strongly, but there are exceptions. One of the exceptions is the USD/JPY pair. The USD is strong as well as the JPY. Thus, the current equilibrium movement os taking place. Currently, the market is not attractive to swing and positions traders, but it is great for scalpers and intraday traders. Swing traders would need to wait for momentum to return to the market before taking action.
EUR/JPY: Owing to the strength in the Yen and the weakness of the Euro, this cross has been trending downwards. It is now below the supply zone at 136.50, and it would go further downwards.
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