Everyday analysis of major pairs for February 2, 2018 888011000 110888 EUR/USD: This pair is now going gradually upwards, following its recent short-term combination. Cost is now above the assistance line at 1.2450, practically reaching the resistance line at 1.2500, which would soon be breached to the advantage, as another resistance line at 1.2550 is targeted today. USD/CHF: The USD/CHF set has had the ability to continue its bearish journey– while the overall bias in the market is bearish. The cost is listed below the resistance level at 0.9300 now, and it would soon reach the support levels at 0.9250 and 0.9200. Any rallies or debt consolidations in the market are expected to be short-term, as bears continue to be preferred. GBP/USD: Following the bearish motion that was experienced on Monday and Tuesday( in the context of an uptrend), the GBP/USD pair has had the ability to resume its bullish motion. From the weekly low of 1.3979, the price has risen by 270 pips, and it could reach the circulation areas at 1.4300 and 1.4350. USD/JPY: The USD/JPY set is now trying to rally in the context of a downtrend, following the short-term sideways movement that was seen on Monday and Tuesday. A motion below the demand level at 109.00 would lead to focus on the bearish bias in the market, while a motion above the supply level at 110.50 would lead to a bullish signal.< img width=" 450 "src= "http://qkfx.com/wp-content/uploads/2018/02/daily-analysis-of-major-pairs-for-february-2-2018-3.png" alt =" 4. png “/ > EUR/JPY: This is a booming market: The EMA 11 is above the EMA 56, and the RSI period 14 is above the level 50. Since there is a Bullish Confirmation Pattern in the market, it is possible that the supply zones at 137.50 and 138.00 could be evaluated today or early next week. From the low of the week, cost has acquired 290 pips, poised to go higher. The material has been offered by InstaForex Company- www.instaforex.com

By | February 2, 2018

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