USDJPY Daily Forecast: February 18 18 Februari 2016 3:19 AM USDJPY Forecast The USDJPY was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 113.15 support area. Immediate resistance is seen around 114.50...
USDCHF Daily Forecast: February 18 18 Februari 2016 3:14 AM USDCHF Forecast The USDCHF had a bullish momentum yesterday topped at 0.9941. The bias is bullish in nearest term testing 0.9985 which remains s good place to sell with a tight stop loss. Immediate support is seen around 0.9900...
EURJPY: Having the cross continued to hold on to its downside pressure, more weakness is envisaged. Support comes in at the 126.50 level where a break will aim at the 126.00 level. A turn below here will target the 125.50 level with a breach turning focus to the 125.00 level...
BUY GBPNZD at 2.1519 Target 150 PIPS up in one week...
A true test is coming up for USD/CAD. On Wednesday, the CAD strengthened alongside Oil, which hit $31/bbl. The strength of CAD & Oil came after Iran noted a support, albeit without joining in, on an OPEC production freeze...
Bank of America Merrill Lynch have revised their forecast for EUR/USD from 0.95 previously to 1.00; and from 120.00 for the USD/JPY to 110.00. At the end of 2015 analysts were almost universally bullish the dollar, and the running joke was, “even the bears are bullish”...
Earlier today we reported that based on various internal metrics, the market-neutral quant space is suffering one of the most violent deleveraging episodes since the infamous August 2007...
GBP/USD continued its fall early on Wednesday to hit a major support area around the 1.4250 level, before bouncing. This drop modestly extended the currency pair’s substantial retreat this week from its 50-day moving average and the 1.4500 level...
The following are the latest technical setups for EUR/USD, USD/JPY, GBP/USD, AUD/USD, NZD/USD, and USD/CAD as provided by the technical strategy team at Barclays Capital. EUR/USD: We are bearish and look for a move towards initial downside targets in the 1.1090/60 area...
EA can assist traders and here are the results to prove it. https://www.mql5.com/en/market/product/14073 Winsor Hoang is the developer of ”Robust Trader’s 20 EAs EURUSD”, and he is an automated trading researcher since 2003...
We still expect the BoJ to fight deflation risks with aggressive monetary easing and we now expect the BoJ to cut interest by 20bp in March as a response to a weaker growth outlook and the risk of low wage growth. We forecast USD/JPY at 115 in 1M (previously 118...
The main driver of CHF continues to be the extent to which SNB seems prepared to resist external developments (such as a new round of ECB easing and safe haven pressures...
The following are UBS' latest short-term (mostly intraday) trading strategies for EUR/USD, GBP/USD, EUR/JPY and USD/CAD. EUR/USD: remains stuck in the range of the last few days with choppy stock markets. There's still no clear direction in the pair but levels around 1...
Currency correlation happens when the price of two or more currency pairs moves in conjunction with one another...
While we have little faith in the BoJ's ability to unilaterally orchestrate a infant or sustained recovery in USD/JPY, our modelling is suggesting the current rally in USD/JPY is starting to look stretched and we would look to establish a tactical long if we see 111 trade," NAB advises...
COSMOS4U MACD Indicator under 45, 132, 5 parameters given from COSMOS4U technical analysis research department, generated a sell signal for EURUSD spot price in H1 timeframe (17 FEB 2016 10:00 AM UTC...
Dear Traders, Break-out traders who had hoped for larger fluctuations in the EUR/USD have been disappointed by yesterday's inconsistent performance. In addition, we had a bit bad luck with our short-entry and had to give up some of our previous gains...
EURUSD: With continued downside pressure seen, EURUSD targets the 1.1059 support zone . This leaves the pair targeting its key support located at the 1.1059 level. However, immediate support lies at the 1.1100 level with a cut through there opening the door for more weakness towards the 1...
Oil strengthened in Europe, pushing the stock markets higher as OPEC oil ministers traveled to Iran to talk about a possible production freeze between global oil producers. At the time of writing, Brent futures were up 80 cents or 2.5% at USD 33/barrel. WTI futures were up 62 cents or 2...
