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Technical Analysis of NZD/USD for May 16, 2016 NZD/USD is expected to trade in a lower range and is currently under pressure. The pair remains on the downside, capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its declining trendline...
Technical Analysis of GBP/JPY for May 16, 2016 GBP/JPY is under pressure. The pair is accelerating on the downside after breaking below 157.15, which should now play a key resistance role. Meanwhile both 20-period and 50-period moving averages are descending and maintain a bearish bias...
Technical analysis of Silver for May 16, 2016 Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17...
Technical Analysis of Gold for May 16, 2016 Technical outlook and chart setups: Gold is seen to be trading higher for the day at $1,278.00 levels at this moment and is soon approaching a resistance zone around $1,280.00/82.00 levels. A push above $1,282...
Technical Analysis of EUR/JPY for May 16, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading lower at 122.95 levels at this moment and should be looking to continue drifting lower below 121.40/50 levels going forward...
Today’s session is expected to be uneventful with bank holidays in France, Germany and Switzerland and no significant economic data due until Empire State Manufacturing Index during the NY session...
Technical Analysis of GBP/CHF for May 16, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4020/25 levels at this moment and should remain well capped below 1.4225 levels going forward. The pair is expected to face stiff resistance around 1...
Daily Analysis of USDX for May 16, 2016 On the H1 chart, USDX has been riding a strong bullish bias since a rebound was performed from the 200 SMA (May 11th). Currently, new highs could be reached as soon as the Index does a breakout above the psychological zone of 95...
Daily Analysis of GBP/USD for May 16, 2016 GBP/USD broke the bullish trend line projected from the May 9th lows, and now we can expect a decline toward the support zone of 1.4316...
Japan narrowly escaped recession in the first quarter, according to a broad view of market analysts, but weak domestic demand and a volatile global economy will continue to stall recovery efforts in the world’s third largest economy...
USD/CHF Recedes from Near 2-Tops Amid Light Trading The USD/CHF pair consolidates two back-to-back sessions of gains witnessed last week, now wavering in a tight range near two-week highs USD/CHF finds stiff resistance around 0.9770 region Currently, the USD/CHF pair trades almost unchanged at 0...
USD/JPY May Hold for Now, but Should Eventually Head Below ¥105 – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that noting the sluggishness in the US economy and the chance that the Fed may forego another rate hike until after the presidential election, we reduced our end-J...
Below 1.4350, GBP/USD Seems Vulnerable to Further Downslide The GBP/USD pair is attempting to extend its rebound from 100-day SMA support and has now moved back to the high point of the day near 1.4370. The pair on Friday fell sharply to a 15-day low of 1...
EUR/USD Seen Testing 1.1216 – Commerzbank According to Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair’s downside could have an initial target at 1.1216. Key Quotes “EUR/USD eroded its 2 month uptrend and 20 day ma at 1...
EUR/USD Risks Tilted to the Downside – UOB Analysts at UOB Group believe the pair could retreat further in the next 1-3 weeks. Key Quotes “The unexpected breach of 1.1350 and 1.1300 last Friday has shifted the risk to the downside”...
AUD/USD Rebound from 200-DMA, Now Eyeing 0.7300 for Further Recovery Despite of disappointing Chinese economic data over the weekend, the AUD/USD pair zoomed from opening lows near 0.7250 to currently trade at day's peak level of 0.7290...
USD/CAD Off Highs, Retreats to 1.2930 A better tone in crude oil prices has forced USD/CAD to abandon the area of earlier tops and return to the 1.2930 region...
This week traders' attention will be attracted with the #Fed meeting minutes, as well as the inflation data in the USA. We also expect the interesting publications in the UK and Japan. Perhaps the most intense day of the week will be Tuesday. Find out more by checking out the Source Link...
GBPUSD - We Look to Sell at 1.4385 GBPUSD - We look to Sell at 1.4385 (stop at 1.4425) GBPUSD - Continued downward momentum from 1.4530 resulted in the pair posting net daily losses yesterday. The selloff has posted a correction count on the intraday chart...
