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Technical analysis of EUR/JPY for March 30, 2016 General overview for 30/03/2016: The supply zone has been violated, but the market looks weak at the current levels. However, the wave progression inside this upward structure does not look too impulsive so far; it is more like a zig-zag structure...
Technical Analysis of USD/CAD for March 30, 2016 General overview for 30/03/2016: The alternative count with the truncated wave V turned out to be the correct one, and a deep and sudden correction followed break-out of the 1.3140 level...
Technical Analysis of GBP/CHF for March 30, 2016 Technical outlook and chart setups: The GBP/CHF pair is trading at 1.3905/15 levels for now, looking to rally and hit 1.4050 levels at least before producing a meaningful retracement lower...
Technical Analysis of Gold for March 30, 2016 Gold prices bounced yesterday towards our target area of $1,235-40 as expected by our analysis. Gold has now reached an important short-term resistance. If the price manages to break above $1,250 we could even see new highs towards $1,300...
Technical Analysis of AUD/USD for March 30, 2016 AUD/USD is expected to hit the target of 0.7660. The pair keeps challenging the first upside target at 0.7660 after the overnight surge...
Technical Analysis of USD/CHF for March 30, 2016 USD/CHF is expected to trade in a lower range. The pair remains under pressure after yesterday's downside breakout of its key horizontal level at 0.9715. The previous support now plays a resistance role, which should limit any upside room...
Technical Analysis of NZD/USD for March 30, 2016 The upside movement is expected to prevail in the NZD/USD pair. The pair remains strongly on the upside, backed by its rising 20-period and 50-period moving averages. The relative strength index is still bullish above its neutrality area at 50...
Technical Analysis of GBP/JPY for March 30, 2016 GBP/JPY is expected to continue its further upside movement. The pair remains supported by its rising 20-period and 50-period moving averages, and is looking for a higher top. Meanwhile, the relative strength index is mixed to bullish...
Elliott Wave Analysis of EUR/NZD for March 30 - 2016 Wave summary: Stepping back a little to get the perspective right, we are convinced that we have seen an important low at 1.5784 (wave 2 low) and that a wave 3 rally is unfolding...
Elliott Wave Analysis of EUR/JPY for March 30 - 2016 Wave summary: Resistance at 127.27 was not able to protect the upside, which calls for a more complex double zig-zag combination unfolding...
Technical Analysis of EUR/USD for March 30, 2016 When the European market opens, some economic news will be released such as the Italian 10-y Bond Auction and German Prelim CPI m/m. The US will release economic data too such as Crude Oil Inventories and ADP Non-Farm Employment Change...
Technical Analysis of USD/JPY for March 30, 2016 In Asia, Japan will release the Prelim Industrial Production m/m and the US will release some economic data such as Crude Oil Inventories and ADP Non-Farm Employment Change...
Daily Analysis of Major Pairs for March 30, 2016 EUR/USD: The EUR/USD pair broke upwards on Tuesday, moving above the support line at 1.1250, and is now very close to the resistance line at 1.1300...
Daily Analysis of DAX for March 30, 2016 On the H1 chart, the DAX had a strong decline held since the March 23th session and we're seeing a consolidation above the 200 SMA, where it's finding dynamic support...
Daily Analysis of S&P 500 for March 30, 2016 The SP 500 is moving inside a very strong bullish bias in the short-term and is currently dealing with the strong resistance zone around the 2055 level...
Technical Analysis of USDX for March 30, 2016 The Dollar index, as expected by our last analysis, has pulled back towards the short-term support at 95...
Daily Analysis of GBP/USD for March 30, 2016 GBP/USD had a very strong bullish momentum during Tuesday's session after the Fed meeting, which added some weakness to the US Dollar and helped the other currencies to gain some positions in the market...
USD/JPY Door Open for a Test of 110.67 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could be poised for a visit of the 110.60 area. Key Quotes “USD/JPY’s correction higher has failed at the top of a 6 week channel at 113...
USD/JPY: Yellen's Dovish Comments Should Curb Uptrend – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that the Fed Chair Janet Yellen remarked, "I consider it appropriate for the Committee to proceed cautiously in adjusting policy...
