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EUR/USD

The pair is consolidating at 1.5780 on the short term, and it appears that the momentum on the 4 hour chart is moderately bullish. The daily chart is showing that an attempt to breach through the 1.5850 is quite imminent, and might occur as early as the beginning of next week. Going long appears to preferable today.

GBP/USD

The cable is currently correcting down on a local level within the bigger bullish trend. The cross on the 4 hour chart indicates that the bullish trend’s comeback is at the doorstep. A strong breach through 2.0058 will validate the bullish return.

USD/JPY

The daily chart is very bullish as the slow stochastic shows no crosses and is floating at the 50 level. The 4 hour chart is giving mixed signal with no distinct market direction. Forex traders are advised to wait for a clear bullish sign on the hourlies before entering the market.

USD/CHF

After the strong bearish drop to the 0.9650 levels, the pair shows a moderate consolidation on the 0.9930 level. The 4 hour chart is showing a slightly bullish momentum, as the daily chart supports the bullish notion. Going long with tight stops might be a wise choice today.

WILD – EUR/JPY

There is a very distinct breakout pattern forming on the 4 hour chart in the shape of a triple doji. The slow stochastic is showing no crosses and has a positive slope. The Bollinger bands are tight which means that the bullish break is quite imminent. This could be a great opportunity for forex traders to enter the market on a long position with very high profit potential.

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EUR/USD

The pair is trading in a range for the past three days showing after the sharp bearish correction and is now consolidating around 1.4620. The 4 hour chart is showing first buds of a bullish momentum whereas the daily chart is still bearish. Selling on high might be preferable today.

GBP/USD

The 4 hour chart is showing that the bearish momentum is regaining strength. The slow stochastic indicates that this trend might continue until the cable reaches the 1.9520 level. The daily studies confirm the bearish notion, and it appears preferable to go short today.

USD/JPY

The ongoing tight range continues still without a break of any significant importance. The daily chart is maintaining a slightly bearish indication yet with no distinct conclusion. The Bollinger banks are tightening which indicates that the break might be imminent. Traders are advised to hold for the break and than swing into it.

USD/CHF

The bullish correction move continues as the momentum appears to be continuing. The RSI and slow stochastic of the 4 hour chart are showing a floating status which strengthen the notion that the bullish move might continue. The current target price is around 1.1040.

Wild – Crude Oil

There is a narrowing bearish channel forming on the 4 hour chart as Oil now floats on the upper level of it. All oscillators show that an additional bearish break through the 86.20 level will unleash a much stronger bearish move which can provide Forex trader a great opportunity of a strong swing.

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