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Silver Breaks Above Major Resistance at $17.75, Break Above Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.85 from that level. It is currently trading around $17.69...
FxWirePro: GBP/JPY Pivot Point at 156.853, Bears Cautious at 50% Fibos &#150 Tunnel Spreads Best Suitable to Speculate The recent bounces from second week of this month above 7DMA have now faced major resistance at 162.702 and rejected at this level...
FxWirePro: AUD/USD Trades With a Neutral Bias, Remains capped Below 5-DMA at 0.7664 Surprisingly weak Australian CPI numbers on Wednesday saw sharp slump in AUD/USD. The pair is recovering from post CPI lows at 0.7548 and has edged above the 0.76 handle...
FxWirePro: Gold Forms Bearish Gartley Pattern, Good to Sell on Rallies Harmonic Pattern- Bearish Gartley pattern Potential Reversal Zone (PRZ) -$1285 The yellow metal has jumped till $1280 today morning and slightly retreated from that level. It is currently trading around $1275.50...
Technical Analysis of EUR/USD for April 29, 2016 When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, French Prelim...
Technical Analysis of USD/JPY for April 29, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Treasury Currency Report, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal...
Daily Analysis of USDX for April 29, 2016 USDX is developing a very clear bearish structure below the 200 SMA after it found dynamic resistance around that level. Currently, the Index is forming a lower low pattern above the support level of 93...
Daily Analysis of GBP/USD for April 29, 2016 The pair is still trapped in a bullish consolidation phase above the support zone of 1.4539, where the Cable did a rebound during yesterday's session. Currently, a breakout is expected to be held above the 1...
EUR/GBP Still Struggling Below 0.7800 Handle The EUR/GBP pair on Friday is trading with minor gains near 0.7780 and is attempting a fresh move towards 0.7800 level, above which it has repeatedly struggled to sustain its strength...
EUR/JPY on the Verge as 122.00 Support Re-tested EUR/JPY, just like GBP/USD flirting with 1.4650, is also playing with fire as it re-visits a key support at the 122...
After yesterday's #BoJ meeting, #USDJPY has dropped by 3%. According to some analysts, the reaction was too strong and unreasonable. Nevertheless, the yen is likely to continue to grow. Find out more by checking out the Source Link...
Asian Markets Mix, USD/JPY Hits Lowest Level Since October 2014 and Gold Rises to Seven Week High All the major Asian indices are trading on a mix note on the last working day of the week. Japanese banks will be closed in observance of Showa Day. Today USD/JPY falls below 107...
FxWirePro: EUR/JPY Edges Higher from Weekly Lows at 121.88, Bias Lower EUR/JPY edges higher from weekly lows at 121.88 to retake the 122 handle, but bias remains to the downside. Our previous call (http://www.econotimes...
USD/CAD Eyeing 1.2500 Level to Extend Some Support Weak USD GDP print and rising crude oil prices continued pressing the USD/CAD pair lower and the pair is now inching closer to 1.2500 handle, level that has not been tested since June 2015. From 2016 peak of 1...
USD/JPY: 200-Day MA Should Underpin Market - Commerzbank Karen Jones, Head of FICC Technical Analysis Research at Commerzbank AG, shares her technical analysis on USD/JPY, noting that the 200 month moving average at 105.86 should underpin the market at this stage...
Guide to Today's Important Data and Events Lots of economic dockets scheduled for today and all with low to medium risks associated. Data released so far – New Zealand – ANZ activity outlook rose to 32.1% for April, compared to 29.4% prior. ANZ business confidence rose to 6.2 from 3.2 prior...
FxWirePro: NZD/JPY Sees Strong Downside Bias, Good to Sell Rallies NZD/JPY price action breaks below daily cloud and bias is strongly to the downside. The pair has broken strong trendline support at 75.70 on Thursday's trade...
EUR/USD: Neutral: Daily close above 1.1400 would target 1.1460/65 and beyond. As mentioned yesterday, while the outlook for this pair is deemed as neutral (between 1.1200 and 1.1400), the odds for a break above 1.1400 are higher than for a break below 1.1200...
