empty
 
 
09.06.2015 06:01 AM
Daily analysis of major pairs for June 9, 2015

EUR/USD: The EUR/USD pair moved upwards by 200 pips on Monday, closing above the support line at 1.1250. Further bullish movement is possible and the next bullish targets are located at the resistance lines of 1.1400 and 1.1450.

This image is no longer relevant

USD/CHF: The USD/CHF pair moved downwards by 150 pips on Monday, closing below the resistance level at 0.9300. Further bearish movement is possible and the next targets are located at the support levels of 0.9250 and 0.9200.

This image is no longer relevant

GBP/USD: In a negative correlation attempt with EUR/USD, the cable has made some weak upwards efforts (though the general market outlook remains bearish). Only a movement above the distribution territory at 1.5450 would lead to a new bullish signal; otherwise sell short.

This image is no longer relevant

USD/JPY: This pair has been coming down gradually, starting from this week. This can be coased by a bearish correction in a context of an uptrend. It might happen that the price would go upwards from here, for the uptrend cannot be invalidated as long as the price is above the demand level of 123.00.

This image is no longer relevant

EUR/JPY: Once again, we see the euro at work (as other EUR pairs are also making a rally). In the next several days, what happens to the euro would dominate the cross. There is a Bullish Confirmation Pattern in this market. Thus, a further northward movement is possible.

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 $9000 more!
    In May we raffle $9000 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