Daily analysis of major pairs for December 20, 201… 20.12.2017


EUR/USD: There is a “buy” signal on the EUR/USD: The EMA 11 has gone above the EMA 56, and the Williams’ % Range period 20 is now in the overbought region, indicating a strong bullish momentum in the market. This is just the beginning as the price is supposed to go above the resistance lines at 1.1900 and 1.1950.

Exchange Rates 20.12.2017 analysis

USD/CHF: The USD/CHF has generated a short-term “sell” signal. Price can go towards the support levels at 0.9850 and 0.9800. There is a great resistance level at 1.0000, and bullish machinations may not push price above that resistance level. The price should go southwards from here when a breakout happens.

Exchange Rates 20.12.2017 analysis

GBP/USD: This market is consolidating at best, and there is no directional, perpetual movement at the present. There are visible boundaries at the distribution territory at 1.3450 and the accumulation territory at 1.3300. Either of these boundaries would be breached this week, as price assumes a directional movement.

Exchange Rates 20.12.2017 analysis

USD/JPY: Just like its EUR/JPY counterpart, the USD/JPY has also generated a bullish signal, which, though, is not as strong as that of EUR/JPY. There is a now a Bullish Confirmation Pattern in the 4-hour chart, and the price is expected to go further northwards from here, reaching the supply levels at 113.50, 114.00.

Exchange Rates 20.12.2017 analysis

EUR/JPY: There is a bullish signal on the EUR/JPY, for price has gone upwards by 160 pips this week. Further upwards movement is anticipated, as price journeys towards the supply zones at 134.50, 135.00 and 135.50. It is even possible for these initial targets to be exceeded within the next several trading days.

Exchange Rates 20.12.2017 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Group © 2007-2017

Benefit from analysts’ recommendations right now

Top up trading account

Get a bonus from InstaForex

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at agfab2013@gmail.com

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply