EUR/USD: As it was expected, the EUR/USD trended seriously upwards on Wednesday, resulting in a Bullish Confirmation Pattern in the market. This week, the price moved slightly downwards on Monday and Tuesday and has now broken upwards. The next target for bulls is located at the resistance line of 1.0750.

USD/CHF: The USD/CHF went sideways on Monday and Tuesday, and then broke southwards on Wednesday. This is partly due to the fact the EUR/USD went upwards (and the weakness in USD was well anticipated). The price has already tested the support level at 1.0000 – yet to settle below it – and a continuous selling pressure is required to achieve that goal.

GBP/USD: The weakness in Greenback has brought about some rally on the Cable. GBP is not strong in its own right, but it is only being helped by the weakness in Greenback. The rally has not brought about any change in the bearish bias; unless the price goes upwards by another 300 pips. It is possible for the market to be corrected a bit downwards.

USD/JPY: A "sell" signal has almost been brought about by the large pullback that occurred on Wednesday. The EMA 11 has almost crossed the EMA 56 to the downside. The RSI period 14 has crossed the level 50 to the downside. The price could reach the demand levels at 113.00 and 112.50 before it reverses upwards. A reversal would happen sometime before the end of March 2017.

EUR/JPY: In the 4-hour chart, the EMA 11 is still above the EMA 56, though the RSI period 14 is almost below the level 50. The position of the RSI was brought about by the short-term weakness in the market. Further bearish movement would result in a bearish signal; while a rally would result in another affirmation of the recent bullish outlook.