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USD/CAD Off Highs, Back to 1.2850 The Canadian dollar has trimmed part of its initial losses vs. its American peer on Friday, now taking USD/CAD to the mid-1.2800s. USD/CAD focus on US data, oil Spot has lost upside momentum after testing 1...
USD Could Extend its Rally Next Week – Westpac Richard Franulovich, Strategist at Westpac, sees the greenback could gather further traction in the next week...
USDJPY remains capped beneath resistance from the 61.8% retracement at 109.47, notes Credit Suisse Techs. Copy signals, Trade and Earn $ on Forex4you - https://www.share4you.com/en...
USD/CHF Looks to Regain 0.9787/0.9833 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the pair could revisit the area of 0.9787/0.9833. Key Quotes “USD/CHF has eased back slightly to the previous downtrend at...
GBP/USD Further Consolidation Likely – UOB In view of analysts at UOB Group, the pair could face a consolidative pattern in the next 1-3 weeks. Key Quotes “The 1.4390 support indicated yesterday held as GBP rebounded strongly from a low of 1.4406 (overnight high of 1.4529...
EUR/JPY Reverses a Dip to 123, EZ GDP in Focus The EUR/JPY cross stalled its downslide and bounced-off lows just ahead of 123 handle as risk sentiment appears to recover amid a minor-bounce seen in the European stocks. EUR/JPY jumps-off 4-day lows The EUR/JPY pair now drops -0.53% to 123...
Technical Analysis of USD/JPY for May 13, 2016 USD/JPY is expected to trade with a bullish Bias. Overnight, US stock indices, following oil prices' choppy trading path, ended narrowly mixed...
Technical Analysis of USD/CHF for May 13, 2016 USD/CHF is expected to trade with a bullish bias above 0.9680. The pair is pulling back now after yesterday's rallies. A strong support base around 1.4430 has formed and should limit any downward attempts...
Technical Analysis of NZD/USD for May 13, 2016 NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its nearest support at 0.6775 and is likely to post a new bounce...
Technical Analysis of GBP/JPY for May 13, 2016 GBP/JPY is expected to trade in a higher range. The pair stands above its support at 156.45 and is moving sideways around its 20-period and 50-period moving averages...
AUD/USD Drops to 0.7280, Session Lows The Aussie dollar depreciating further on Friday, relegating AUD/USD to the area of daily lows in the 0.7280 region. AUD/USD lower on USD-bids The pair is sharply lower today, trading in levels last seen in early March around 0...
Elliott Wave Analysis of EUR/NZD for May 13 - 2016 Wave summary: We continue to see higher highs and higher lows indicating that an uptrend is building (no surprise in that), but we lack upside acceleration, which we think is because a series of wave one's and two's is building and if this is the...
Elliott Wave Analysis of EUR/JPY for May 13 - 2016 Wave summary: With a high seen at 124.65, the first impulsive rally of the 121.46 low topped out just below our ideal target at 124.73. We are now looking for a correction in wave [ii] into the 122.68 - 123...
Daily Forex Fundamental Overview Fundamental Analysis EUR “Today's data and the ongoing weakness of industrial surveys support our view that overall eurozone economic growth is set to slow from 1.5 percent last year to about 1.2 percent this year” - Capital Economics...
EUR/USD Falls Further, Near 1.1330 The common currency keeps on the defensive today, with EUR/USD testing lows in the vicinity of 1.1330. EUR/USD weaker ahead of US data The pair is navigating 2-week lows in the area of 1.1330, intensifying its downside from recent peaks in the 1...
EUR/GBP Awaits Trading Range Break-Out to Confirm Near-Term Direction The EUR/GBP pair remains trapped within a seven-day trading range to currently trade absolutely flat from yesterday’s close at 0.7870. The Euro bulls was not benefited by upbeat German GDP that posted a 0...
Daily Analysis of USDX for May 13, 2016 USDX is currently doing a rebound above the 200 SMA on the H1 chart, and we can see another rally toward the 94.35 level on a short-term basis...
Daily Analysis of GBP/USD for May 13, 2016 On the H1 chart, GBP/USD is still trapped in a range between the 1.4549 and 1.4430 levels, waiting to break some of those levels to reinforce the near-term trend...
AUD/JPY More Bearish Below 80 Yen Level AUD/JPY has been neutral since January, trading between 80 and 86.50. In the short term, pair has turned more bearish, especially after dipping below the key 80 yen mark...
