Monthly OutlookIn January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 (multiple previous bottoms set in July 2012 and June 2010). Hence, a long-term bearish target is projected toward 0.9450.In March 2015, EUR/USD bears challenged the monthly demand level around 1.0500,...
USD/JPY is expected to trade with bullish outlook. The pair posted a rebound from 110.60 (the low of July 24) and broke above its 20-period and 50-period moving averages. In addition, the bullish cross between 20-period and 50-period moving averages has been identified, which indicates a positive...
USD/CHF is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20-period and 50-period moving averages. The relative strength index is supported by a bullish trend line since 24 July and shows upside momentum. To sum up, as long as 0.9440 holds on the downside,...
GBP/JPY is expected to trade in a higher range. The pair is rebounding and is trading above the rising 20-period moving average, which is playing a support role. In addition, the 20-period moving average just crossed above the 50-period one, which is a positive signal. It is still supported by a...
