Technical Analysis of USD/JPY for May 12, 2016 USD/JPY is expected to trade with a bullish bias.Overnight U.S. stock indexes closed broadly lower, weighed by retail and consumer shares. Office Depot (ODP) slumped 40.4% and Staples (SPLS) dropped 18...
USD/JPY Eyeing 109.40 to Confirm Further Up-Move As European indices stage a minor recovery from lower levels, a slight improvement in global risk sentiment boosted the USD/JPY pair through 109.00 handle to 109.16 session high level...
Martingale: The gambler doubles his bet after every loss... (aka: Recovery System, Double Down) Martingale vs. Non Martingale (Simplified RoR vs Profit in 3 trade runs with all possibilities worked out) Lets take a very small run and calculate all possibilities...
There are signs of #USDJPY rebound from the support line within the borders of the short-term rising price channel. It is recommended to enter the market on a breakthrough of the resistance level. Find out more by checking out the Source Link...
#GPBUSD is likely to strut its stuff, staging a real show to its fans. Today the #BoE will publish the Inflation Report, and our task is to try to take advantage of the expected surge in trading activity. Find out more by checking out the Source Link...
FxWirePro: Norwegian Crown Rises to Nine-Day High vs Euro After Norges Bank Decision, GDP Numbers EUR/NOK is currently trading at 9.2593 levels. It made intraday high at 9.3323 and low at 9.2530 levels. Today Norway Central bank kept policy rate unchanged at 0.50 percent...
FxWirePro: BTC/USD Struggles to Break Above $470, Good to Sell on Rallies Major resistance -$470 (Apr 26th 2016) BTC/USD has once declined till $447 after making a high of $457.99 yesterday. It is currently trading around $450...
FxWirePro: USD/SGD Fails to Break Key Support at 1.3623, Good to Buy on Dips USD/SGD is currently trading around 1.3690 marks. It made intraday high at 1.3695 and low at 1.3656 levels. Intraday bias remains bullish for the moment. A sustained close above 1.3723 tests key resistances at 1.3772/ 1...
Technical Analysis of USD/CHF for May 12, 2016 USD/CHF is expected to trade with a bullish bias as the key support stands at 0.9680. The pair stands firmly above its horizontal level at 0.9680, and is likely to post further advance to 0.9765 at first...
Technical Analysis of NZD/USD for May 12, 2016 NZD/USD is expected to trade with a bullish bias above 0.6790. The pair remains on the upside, backed by its rising 50-period moving average, which now acts as a support role, and should maintain a positive bias...
Technical Analysis of GBP/JPY for May 12, 2016 GBP/JPY is expected to trade with a bullish bias above 123.20. The pair is moving sideways around its 20-period and 50-period moving averages and stands above its support at 156.35...
Technical Analysis of USD/CAD for May 12, 2016 General overview for 12/05/2016: The downward wave progression is developing as anticipated, but the corrective pattern evolves towards z triple zig-zag. The projected tag for the wave c termination is still at the level of 1...
Technical Analysis of EUR/JPY for May 12, 2016 General overview for 12/05/2016: The price reaction from the grey rectangular typical zone was promising and even the first impulsive wave might be labeled after the drop, but the market was to weak to break out below the important support at the lev...
Elliott Wave Analysis of EUR/NZD for May 12 - 2016 Wave summary: It's not yet clear whether a direct rally towards 1.7052 and higher to 1.7273 is developing or a more complex structure is developing before the rally higher can take place. A break below support at 1...
Elliott Aave Analysis of EUR/JPY for May 12 - 2016 Wave summary: The correction in red wave [iv] turned into a triangle consolidation and should ultimately thrust higher towards 124.73 and maybe even slightly higher to 125...
USD/CHF Drops Back to 0.9700 Handle, awaits Fresh Triggers The USD/CHF pair's intraday bias turned neutral as the pair erased a minor recovery to 0.9726 and dropped back to 0.9700 handle support. The pair has been facing strong resistance near 0.9755-60 area, marking 38...
FxWirePro: FTSE100 Faces Major Resistance at 5185, Good to Sell on Rallies Major support - 6100 FTSE100 has declined after making a high of 6173 yesterday. It is currently trading around 6111. Short term trend is slightly weak as long as resistance 6185 holds...
FxWirePro: AUD/JPY Faces Strong Resistance at 80.75, Good to Sell on Rallies Major resistance – 80.72 (10 day EMA) AUD/JPY has jumped after making a low of 78.17 on May 6th 2016. But the upside has been capped by 10 day EMA .It is currently trading around 79.85...
UK: BoE Preview: Silence is Golden – ING Research Team at ING, suggests that as economic momentum stalls, the BoE’s challenge is to reflect near-term weakness in their forecasts without making a judgment on the referendum outcome...
