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16.09.201610:03 Forex Analysis & Reviews: Daily analysis of major pairs for September 16, 2016

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/USD: The EUR/USD pair is in an equilibrium phase. There could be a breakout today or next week, which would take price above the resistance line at 1.1300 or below the support level at 1.1150. This is the condition for a bullish or bearish bias to form in the market. As long as price is below the resistance level or above the support level, the equilibrium phase would hold.

Exchange Rates 16.09.2016 analysis

USD/CHF: The USD/CHF pair is in an equilibrium phase. There could be a breakout today or early next week, which would take price above the resistance level at 0.9850 or below the support level at 0.9650. This is the condition for bullish or a bearish bias to form in the market: As long as price is below the resistance level or above the support level, the equilibrium phase would hold.

Exchange Rates 16.09.2016 analysis

GBP/USD: There is a bearish indication on the Cable, which is, however, not very strong. The EMA 11 is below the EMA 56 and the RSI period 14 is almost below the level 50. Price may continue to go further downwards to reach the accumulation territory at 1.3150. A movement above the distribution territory at 1.3400 would cause a bullish signal to form.

Exchange Rates 16.09.2016 analysis

USD/JPY: This pair has not gone in a directional mode this week. There is a measure of volatility in the market, which is expected to go out of balance very soon. Currently, bears are intent on pushing price south, which would become vivid once the demand level at 101.50 is breached to the downside.

Exchange Rates 16.09.2016 analysis

EUR/JPY: This cross has been making effort to come downwards since yesterday, but there is neither a Bullish nor Bearish Confirmation Pattern in the market. There is a need for price to move upwards or downwards about 300 pips to bring a strong bias on the market.

Exchange Rates 16.09.2016 analysis

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