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USD/CAD Drops to Fresh 2016 Lows, 1.27 Eyed? The Canadian dollar continues to gather pace today, now relegating USD/CAD to print fresh YTD lows near 1.2720. USD/CAD lower on oil, USD Further recovery in crude oil prices is now sending the barrel of West Texas Intermediate to challenge the $42...
CAD/JPY Faces Strong Resistance at 85.75, Break Above Targets 86.35/87.45 Major resistance – 85.75 Major support -84.60 (55 day 4H EMA) The pair has made a high of 85.56 in the morning and slightly declined from that level. It is currently trading around 85.46...
Oil Prices have Additional Room for Rebound, Brent Crude Likely to Average Usd46/bbl in Q4 2016 The drop in oil price after the Doha talks failed to come to an agreement regarding freezing oil output was for a short period of time...
FxWirePro: EUR/GBP 5-Month's Uptrend Seems Restrained at 61.8% Fibos, Break-Out Below Channel Base Signals More Bearish Technical Glimpse and Trade Tips: EOD technical charts have shown down-streak has now continued from yesterday’s close at 0.7920 to the current 0...
USD/JPY: Bulls Unstoppable, Climbs Further to Test 109.50 The ongoing upbeat momentum in the USD/JPY pair gained further traction in the last hour as the rebound in oil prices gather pace and triggered a renewed risk-on wave across the markets...
EUR/USD Bearish Stance Losing Momentum? – UOB The research team at UOB Group sees the bearish picture unchanged around EUR/USD, albeit losses could be limited around 1.1140...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 19th GBP/USD extends its recovery from below 1.41 handle for the third straight session, with the recent rise in the pound largely attributed to the Brexit poll results...
Covering the boldest of bullish and bearish forecasts on Oil so far, only one company’s forecasts have been right on target. The Doha failed oil negotiations clearly was the big market moving event this week...
SEK Expected to Appreciate Further – Danske Bank Stefan Mellin, Senior Analyst at Danske Bank, sees the Swedish krona gathering further traction in the medium term. Key Quotes “EUR/SEK is close to our 1-3M target at 9...
USD/JPY Finds Support at 108.80, Revisits Daily Highs The retreat in the USD/JPY pair met fresh offers near 108.80 region, and the major swung back the familiar range above 109 levels amid rallying European stocks. USD/JPY supported well above hourly 200-SMA at 108...
EUR/USD Key Support Lies at 1.1234 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, believes spot could test the 1.1140 area once 1.1234 has been cleared. Key Quotes “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI”...
EUR/USD Trims Gains ahead of ZEW After hitting daily peaks near 1.1350, EUR/USD has now embarked in a correction lower towards the 1.1320 area. EUR/USD attention to ZEW, US data The pair could not sustain the earlier bull run to the mid-1...
Technical Analysis of USD/CAD for April 19, 2016 General overview for 19/04/2016: The wave (b) top seems to be in place as the new low in this pair was made. Nevertheless, there is still one more lower low anticipated in this market before any meaningful correction to the upside would take place...
For most of us, taxes are a simple but mind-numbing chore: You dust off your TurboTax login, you type the numbers into the little boxes, and a seemingly random number is generated telling you how much you owe or how much you get back...
Technical Analysis of USDX for April 19, 2016 The Dollar index finally shows the deeper pullback I was expecting towards the important short-term support of 94.20. The bullish reversal scenario is valid as long as the price remains above 93.60...
Elliott Wave Analysis of EUR/NZD for April 19 - 2016 Wave summary: EUR/NZD keeps moving lower and the break below support at 1.6229 tells us that the correction in wave [ii] is not over yet as expected...
Technical Analysis of USD/CHF for April 19, 2016 USD/CHF is expected to trade with a bearish bias. The pair is turning down and stays below its key resistance at 0.9685. The descending 20-period moving average has crossed below the 50-period one, which also maintains a negative bias...
Elliott Wave Analysis of EUR/JPY for April 19 - 2016 Wave summary: With yesterday's low at 121.69, we now have 11 overlapping waves lower from 141.06. A count of 11 overlapping waves is corrective and indicates a bottom could be close by or maybe even in place. The corrective decline began at 149...
The #dollar is gradually losing support vs. the #euro. After a long period of quiet, #EURUSD seems to have shifted from the dead point. Thus, we fixed a rebound from the support line of the upward trend. Find out more by checking out the Source Link...
