Financial News and Economical Crisis

USD /JPY

Prices trying to overcome the level of support 90.70. If it is resolved to continue falling, the primary purpose of which is likely to become a mark 90.40. The probability of this outcome suggests the direction indicators on the 4-hour chart (Figure 1). And the trend indicator OsMA, and both oscillator gain a downward direction. On the hourly chart (Fig. 2) OsMA is oriented downward, thus confirming the assumption about the possibility of a breakthrough price of this level of support and the continuation of a downward movement. At the same time, SS (included in the oversold zone) and the RSI are preparing to turn in the opposite direction. Therefore you should not completely exclude the possibility of reverse course to a mark 91.00.

Thus, in my opinion, the possibility of opening positions on the sale with a close stop-loss should be considered only after confirmation of a breakthrough price level of support 90.70.

Support: 90.70, 90.40, 90.00, 89.70, 89.40, 89.00, 88.70, 88.40, 88.00, 87.30, 87.00, 86.00, 85.00, 84.40/30, 84.00, 83.00.

Resistance: 91.00, 91.55, 92.00, 92.40, 92.70/85, 93.00/20, 93.60/50, 94.10/00, 94.60/50, 94.90/95.00, 95.30/40, 95.90/96.00, 96.30.

USD /CHF

range of price movements is limited levels of 1.0090 - 1.0160. The direction of the trend indicator OsMA at 4-hour chart (Fig. 3) suggests that prices will try to get out of range with a break of the upper boundary. In this case it is necessary to wait for further growth, the primary purpose of which is likely to become a mark 1.0200. Oscillators are turned down, thereby signaling the benefit of the fall to a mark 1.0090. On the hourly chart (Figure 4) OsMA is oriented downwards, which confirms the supposition about the possibility of price falls to the bottom of the channel with its subsequent testing. RSI turned in a bullish direction, in the same direction, preparing to deploy and SS.

In light of this, in my opinion, the situation is described as uncertain and recommend to refrain from taking commercial decisions to its clarification. Positions with a close stop loss opening price after the release of the band in the direction of the breakout.

Support: 1.0100, 1.0070, 1.0070, 1.0000, 0.9900, 0.9800, 0.9740, 0.9700, 0.9610/00, 0.9500.

Resistance: 1.0130, 1.0175, 1.0200, 1.0250, 1.0280, 1.0300/20, 1.0350/60, 1.0400, 1.0445, 1.0490/1.0500, 1.0550, 1.0600, 1.0650, 1.0700,1.0730, 1.0750/60, 1.0800, 1.0840 /50, 1.0900.

EUR /USD

prices return to 1.4950/70 resistance. If this level is overcome, it is worth waiting for further growth, the primary purpose of which is likely to become a mark 1.5000. On the possibility of further upward movement can say that the trend indicator OsMA at 4-hour chart (Figure 5) acquired a rising trend. Top unfolded and both oscillator. On the hourly chart (Fig. 6) OsMA quite confidently directed upwards, thus confirming the assumption about the possibility of breakthrough of the resistance, and further growth. But the SS is in the overbought zone. Therefore you should not completely exclude the possibility of reverting to a mark 1.4900.

Having said that, in my opinion, the possibility of opening positions on the purchase with a close stop-loss should be considered after confirmation of a breakthrough level of resistance to 1.4950/70.

Support: 1.4900, 1.4870, 1.4840, 1.4800, 1.4760, 1.4730/25, 1.4700, 1.4670, 1.4630/25, 1.4600, 1.4585, 1.4550, 1.4515/00, 1.4465, 1.4430, 1.4400, 1.4360, 1.4330/20, 1.4280, 1.4250, 1.4200.

Resistance: 1.4950/70, 1.5000, 1.5050, 1.5100, 1.5140, 1.5200, 1.5230, 1.5300, 1.5370, 1.5400, 1.5440, 1.5475, 1.5500.

GBP /USD

prices continue movement in the range bound by 1.6370 - 1.6430 (even though they managed to briefly escape beyond it). At the moment they move to the bottom of its border. If it is reversed to continue falling, the primary purpose of which is likely to be a mark 1.6340, and, further, 1.6300. But at 4-hour chart (Fig. 7) OsMA trend indicator is set up, signaling the possible start of a growth phase within the channel. Oscillators have identified a U-turn down. On the hourly chart (Fig. OsMA directed upwards, thus confirming the assumption of a possible beginning of the ascending phase of the movement. SS and RSI turned bearish in the direction, indicating the benefit of price falls to the bottom of the range.

Thus, in my opinion, is to wait for prices outside the specified range, and only then consider the possibility of opening positions with a close stop-loss in the direction of the breakout.

Support: 1.6400, 1.6370, 1.6340, 1.6300, 1.6275/70, 1.6230, 1.6200, 1.6170, 1.6140/30, 1.6100, 1.6060, 1.6000, 1.5975/60, 1.5900, 1.5840, 1.5800, 1.5770, 1.5700, 1.5660, 1.5620/00, 1.5500.

Resistance: 1.6470, 1.6500, 1.6540/60, 1.6600, 1.6640, 1.6700, 1.6730, 1.6800, 1.6900, 1.6970, 1.7000, 1.7060, 1.7100, 1.7130, 1.7200.

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