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FxWirePro: Gold Forms Head and Shoulder Pattern, Good to Sell on Rallies Pattern Formed- Head and Shoulder Pattern Neck line - $1217 The commodity has recovered after making a low of $1223.It is currently trading around $1247. Yellow metal jumped till $1257...
Technical Analysis of Gold for April 20, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,246.00/47.00 levels for now, after having hit $1,256.00 levels yesterday. The metal has reversed from the fibonacci 0.786 retracement level of the drop from $1,262.00 through $1,207...
Elliott Wave Analysis of EUR/NZD for April 20 - 2016 Wave summary: We have seen a new low at 1.6062 which has been followed by a clear loss of momentum, but to confirm that a new low is in place a break above 1.6499 will be needed. As long as resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 20 - 2016 Wave summary: The rally of the 121.69 low has been stronger than expected and displayed impulsive characters indicating that a bottom could be in place. If this is the case, then the coming decline from the 124...
Daily Analysis of USDX for April 20, 2016 The short-term outlook is calling for more weakness, as the USDX is approaching a key bottom around the 93.79 level, but the price zone at 94.08 is blocking the bears' advance...
Daily Analysis of GBP/USD for April 20, 2016 GBP/USD has been trading into a very bullish tone above the support zone of 1.4318, after the Cable made a huge rebound from the 1.4278 level and now it's expected to test the 1.4495 level, only if the GBP/USD does a rally toward the 1.4495 level...
AUD/USD Bullish, Targets 0.7850 – UOB Analysts at UOB Group have shifted their outlook on the pair to bullish, expecting a test of the mid-0.7800s. Key Quotes “AUD exceeded the target indicated at 0.7800 yesterday to touch a high of 0.7827...
Technical Analysis of EUR/USD for April 20, 2016 When the European market opens, some economic news will be released such as the German 10-y Bond Auction, German PPI m/m. The US will release economic data too such as Crude Oil Inventories and Existing Home Sales...
Concerns regarding #Brexit, knocks the British pound down over and over again. Although on the eve #GPBUSD was rising. Today the pound can receive another portion of shaky confidence from the labor market data. Find out more by checking out the Source Link...
Technical Analysis of USD/JPY for April 20, 2016 In Asia, Japan will release the Trade Balance and the US will release some economic data such as Crude Oil Inventories and Existing Home Sales. So there is a probability the USD/JPY will move with low to medium volatility during this day...
UK Labour Market and US Existing Home Sales in Focus Today – Danske Bank Research Team at Danske Bank, suggests that in the US, existing homes sales for March are due and they look for the recovery of the US housing market to continue...
EUR/USD: Patience is a Virtue - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that as EUR/USD skips towards 1.14, the fact that it’s doing so despite huge outflows of long-term capital and wholesale abandon of European bonds by foreigners, doesn’t really help...
USD/JPY Off-Lows, but Stays Below 109 Amid Oil Sell-Off The selling pressure behind the USD/JPY pair accentuated over the last hour, as a renewed bout of risk-aversion hit markets after the oil prices hit fresh session lows. USD/JPY another attempt to 109...
FxWirePro: Silver Hits Fresh 10-Month High, Remains Supported Well Above $17.00 XAG/USD is currently trading around $17.11 marks. It made intraday high at $17.21 and low at $16.88 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $16.88 marks...
FxWirePro: NZD/CAD Consolidates in Narrow Range, Good to Buy at Dips Major Resistance- 0.902 Major support – 0.8850 The pair has recovered after making a low of 0.8880 yesterday. It is currently trading around 0.8911. CAD rebounds against all major pairs on account of rising crude oil prices...
FxWirePro: USD/JPY Slips Below 109 Handle, Broad Based USD Weakness Weighs USD/JPY largely rangebound on the day (day's range 109.32-108.88), slips below 109 handle...
EUR/GBP Breaking Higher Above 0.7900, Awaits UK Data The cross in the EUR/GBP rebounded sharply this Wednesday, reversing a two-day slide, as the pound lost footing across the board heading into the UK jobs report. EUR/GBP eyes 5-DMA at 0.7930 Currently, the EUR/GBP pair trades 0.27% higher at 0...
GBP/USD Testing Lows Near 1.4350 Ahead of UK Data The sterling is giving away part of yesterday’s strong advance and is now sending GBP/USD to test daily lows in the mid-1.4300s. GBP/USD focus on UK data Spot has abandoned the area of 3-week tops above the 1...
EUR/USD Reverses a Spike to 1.1375, ECB Draghi Eyed The bulls failed another attempt to reach 1.14 handle earlier in Asia, with the EUR/USD pair now easing back towards the daily lows. EUR/USD supported at 20-DMA at 1.1355 Currently, EUR/USD trades almost unchanged at 1...
