EUR/USD: This pair is making an attempt to go north. Looking closely at what the indicators in the charts are doing, there is a long signal. The long signal is valid as long as the price is above the support line of 1.2900. Meanwhile, the price could reach the resistance line of 1.3000.
USD/CHF: Given the weakness of the greenback right now, it would not be sagacious to go long on this pair, neither would it be sensible to seek short trades right now. The Williams’ Percent Range is in the oversold region, but the price action and the positions of the EMAs are yet to lead to a Bearish Confirmation pattern. So, it is better to wait for a clearer signal.
GBP/USD: Could this be another nice shorting opportunity in this market? Well, for it to be so, the price should not to trade above the EMA 56. When you see the price at the distribution territory of 1.5200, know that the bearish era is over. But until then, the price action is giving a shorting indication.
USD/JPY: Irrespective of the gains and losses – turbulence – on this instrument is evident so far this week. The bias in the chart remains bearish. The RSI period 14 is below the 50 level and the price itself is below the EMA 56. The demand level at 100.00, nevertheless, it poses a strong barrier to further bearish interests.
EUR/JPY: On this cross also, the probable price movement is towards the south. The indicators in the chart are giving a Bearish Confirmation pattern: the nearest supply zone is at 131.00 and it is possible that the price would nosedive towards the demand zone at 130.00.