empty
 
 
25.12.2017 10:22 AM
Daily analysis of major pairs for December 25, 2017

EUR/USD: This pair went upwards last week, from the support line at 1.1750, towards the resistance line at 1.1900. That was a movement of about 150 pips. However, the price began to retrace downwards from Thursday, but it has not gone low enough to jeopardize the current bullish bias.

This image is no longer relevant

USD/CHF: The USD/CHF did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the resistance levels at 0.9950 and support level at 0.9800 within the next several trading days. However, a breakout will occur early January.

This image is no longer relevant

GBP/USD: The GBP/USD did not make any significant movement last week, neither is it expected to make any significant movement this week (because volatility would thin out). Price is thus expected to oscillate between the accumulation territory at 1.3250 and the distribution territory at 1.3500 within the next several trading days. However, a breakout will occur early January.

This image is no longer relevant

USD/JPY: This market rallied massively last week, just like its EUR/JPY counterpart. The pair gained 150 pips last week, testing the supply zone at 113.50, and then closing below it on Friday. The bullishness in the market could be sustained until the end of this year (although it is unlikely that a strong movement would be witnessed).

This image is no longer relevant

EUR/JPY: This market rallied massively last week, gaining 240 pips, moving briefly above the supply level at 134.50 and then closing below it on Friday. The bullishness in the market could be sustained until the end of this year.

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback