EUR/USD: On this market, there is a "sell" signal on the 4-hour chart and there is a high probability that the price would go further downwards this week, especially in the face of the expected stamina in the USD, which would aid bears.
USD/CHF: This pair was able to go further upwards, especially after what happened on July 26, 2016. The support level at 0.9900 was finally breached as a result of the price action, which upheld bulls' decision to push the market upwards. The next target is the resistance level at 0.9950.
GBP/USD: The Cable is still trading sideways this week without going above the distribution territory at 1.3400 and below the accumulation territory at 1.2950. This has caused the bias to become neutral in the near-term. But there could be a breakout this week or next, which would push price above or below the aforementioned accumulation and distribution territories.
USD/JPY: The USD/JPY has gone downwards by 200 pips this week, followed by a shallow bullish effort. The downward movement resulted in a bearish signal. Further downward trend is expected. It would enable the price to reach the demand levels at 104.00 and 103.50. The demand level at 104.00 was previously tested and it would be tested again.
EUR/JPY: Just like the USD/JPY, this cross has also gone downwards by 200 pips this week, testing the demand zone at 114.50. The EMA 11 crossed the EMA 56 to the downside and the RSI period 14 went below the level 50. This has resulted in a Bullish Confirmation Pattern on the chart. The demand zone at 114.50 was tested and it would be tested again: It would even be breached to the downside.
