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Keeping in mind our Daily Chart analysis posted a week ago, GBP/USD: Up for a rally, next targets above 1.44 (General Forecast) and our Buy Alert 2 days ago, GBPUSD: Swing Long Trade, we expect GBPUSD to start its rally to 1.44 and above next week. GBPUSD 4H Chart - April 15, 2016 Read More...
NZDJPY 1H – April 15, 2016 Two days ago, we posted a Buy Alert that had a good Risk-Reward ratio and at the moment we are on the money. NZDJPY retraced exactly... Read More...
FX is Trending – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that sometimes trends emerge without one realising, and before you know it, everyone has jumped on to it and it’s too late...
FxWirePro: Bullish Cypher Completed on EUR/JPY, Good to Go Long, Weakness Only Below 122 A Bullish Cypher pattern completed on EUR/JPY daily charts. We see weakness only below 122 levels. The pair has also taken strong trendline support at 122.72 on Thursday's trade. Scope for upside test of 125...
Technical Analysis of USD/CHF for April 15, 2016 USD/CHF is expected to trade in a higher range above 0.9630. The pair remains in an uptrend above its major support base around 0.9630. Even though a continuation of the consolidation cannot be ruled out, its extent should be very limited...
GBP/USD Rejected Again at Hourly 200-MA Cable once again failed to take out hourly 200-MA hurdle seen today at 1.4166 and fell to 1.4140 levels. Awaits US data Chart driven trading is likely to continue throughout European session given the UK data calendar is empty...
EUR/GBP: Showing Early signs of Slowdown in Momentum - SocGen Research Team at Societe Generale, suggests that after having met the projected target for the double bottom at 0.81/0.8150, EUR/GBP is showing early signs of slowdown in momentum. Key Quotes “Level of 0.81/0...
Retail Investors See Flat USD/JPY - Nomura Research Team at Nomura, notes that according to the latest Nomura Individual Investor Survey (4-5 April) retail investors’ views on the Japanese equity market weakened for the third month in a row...
Gold Forms Head and Shoulder Pattern, Break Below $1213 Targets $1160/$1140 Pattern Formed- Head and Shoulder Pattern Neck line - $1213 Gold has formed clear Head and Shoulder pattern with Head at year high around $1284.40 with left shoulder around $1263 and right shoulder around same level $1262...
Technical Analysis of EUR/USD for April 15, 2016 When the European market opens, some economic news will be released such as the eurozone's Trade Balance and Italian Trade Balance...
Technical Analysis of USD/JPY for April 15, 2016 TODAY'S TECHNICAL LEVELS: Resistance. 3: 110.19. Resistance. 2: 109.97. Resistance. 1: 109.76. Support. 1: 109.49. Support. 2: 109.27. Support. 3: 109.06. The material has been provided by InstaForex Company - www.instaforex.com...
Technical Analysis of NZD/USD for April 15, 2016 NZD/USD is under pressure below 0.6920. Technically, the pair remains capped by its falling 50-period moving average and is likely to post new weaknesses. The relative strength index is below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for April 15, 2016 GBP/JPY is expected to trade with a bearish bias. The pair is heading lower and stays below its key resistance at 155.75. Meanwhile, the relative strength index lacks upward momentum...
Technical Analysis of GBP/CHF for April 15, 2016 Technical outlook and chart setups: The GBP/CHF pair has rallied higher and seems to have formed a meaningful bottom around 1.3380 levels. The pair is trading at 1.3690 levels at the moment, looking to drop lower towards 1...
USD/JPY Surrenders Gains, Eyes Hourly 50-MA Having surrendered gains, the USD/JPY pair now trades around 109.40 levels and has its eyes set on hourly 50-MA located at 109.31 levels...
EUR/USD: Bears Guarding 1.1270 Barrier, EZ Trade Data Eyed The EUR/USD pair remains side-lined in the European morning, having failed several attempts to surpass 1.1270 barrier. EUR/USD stuck in 20-pips tight range Currently, EUR/USD trades almost unchanged at 1.1263, facing strong offers near 1...
Technical Analysis of EUR/JPY for April 15, 2016 General overview for 15/04/2016: The first impulsive wave to the downside might be in place, so now the bulls cannot break above the level of 123.85...
US: Finding the Turning Point – ANZ Research Team at ANZ, suggests that despite the strengthening US labour market – initial jobless claims (at 253k) are at a 42 year low and real labour earnings growth is strengthening – signs of a definitive firming trend in US inflation remain elusive...
Technical Analysis of USD/CAD for April 15, 2016 General overview for 15/04/2016: The wave (b) blue top might now be in place as the yellow rectangle area was hit yesterday. When the top for wave (b) is in place, then a downtrend should continue for at least one more wave...
