EUR/USD analysis
At the trading on Friday the currency pair EUR/USD is trading with the growth of quotations, staying within the current support level near 1.0296 with the resistance level near 1.0427. The four-hour chart shows growth above the exponential EMA moving averages, demonstrating the upward potential of the EUR/USD pair in the short term.
The moving averages with periods of 21 and 55 days continue to move upwards, increasing the divergence, which evidences in favor of a bullish nature of the current market trend of the pair in the short term.
The technical picture also shows the strength of the buyers, as MACD histogram remains above its central line, and the indicator of the strength of the current movement RSI is above the 60 line, confirming the bullish potential of the euro-dollar pair in the short term.
So we recommend buying in this pair today.
GBP/USD analysis
Since the opening of the trades on Friday this currency pair has been trading with increasing quotes, remaining within the current support level at 1.1883 and resistance level at 1.2138, where the market chart shows the growth well above the exponential moving averages with the period of 21 and 55 days, demonstrating the bullish potential of this market in the short term.
On the four-hour chart the moving averages continue to move upward, increasing the divergence, which speaks in favor of strengthening the uptrend in this market in the short term.
The technical analysis also demonstrates the loss of the buyers' advantage, as the MACD histogram returned to the area above its center line, while the RSI strength indicator of the current movement rose above the 70 line, confirming the bullish potential in this market in the short term.
Thus, we intend to buy in this currency pair today.
USD/JPY analysis
During the Asian trading session on Friday, the USD/JPY currency pair traded slightly lower, remaining within the current support level at 138.05 and the resistance level around 139.67.
The moving averages with the period of 21 and 55 days continue to move downward, increasing the divergence, demonstrating the strengthening of the bearish trend. The four-hour chart is progressing below the exponential moving averages, which indicates in favor of the downward movement of this market in the short term.
The technical picture also shows strengthening of the sellers, as the MACD histogram remains in the area well below its center line, and the indicator of the strength of the current movement RSI remains below the 40 line, promising the continuation of the downtrend of this market in the short term.
So, we are going to sell this pair today.
USD/CHF analysis
At the Friday trading this pair traded with the decrease of quotes, remaining within the limits of the current support level at 0.9385 and the resistance level at 0.9488.
On the four-hour chart the moving averages with the period of 21 and 55 days continue their downward movement, moderately increasing divergence, which speaks in favor of the bearish direction of this market today. The four-hour chart of the quotes progresses below the exponential moving averages, which indicates the continuation of the descending trend of this market in the short term.
The technical analysis also evidences the advantage of the sellers, because MACD histogram remains in the area just below its central line, the indicator of the strength of the current movement RSI is fixed below the 40 line, confirming the stability of the downtrend of this market in the short-term outlook.
Thus, we intend to sell in this currency pair today.