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The dovish outcome of the March Fed meeting dealt a blow to the FX divergence trade and it has sent the USD tumbling of late. We doubt that this is the end of the multi-year USD bull-run, however, and see the current levels as an opportunity to establish fresh USD-longs...
Gold Analysis for March 18, 2016 View : Since our last analysis, gold has been trading downwards. The price tested the level of $1,253.45. Strong resistance level is set at the price of $1,282.80...
According to FX Strategist at Scotiabank Eric Theoret, the pair’s outlook looks bearish in the short-term horizon. “GBP gains have run into considerable resistance at 1.45”. “Momentum signals are only modestly bullish and the trend has yet to be confirmed”. “A sustained break of 1...
USD/CAD Intraday Technical Levels and Trading Recommendations for March 18, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...
Intraday Technical Levels and Trading Recommendations for GBP/USD for March 18, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...
Intraday Technical Levels and Trading Recommendations for EUR/USD for March 18, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...
Technical Analysis of NZD/CHF for March 18, 2016 After finding the bottom near the 0.6500 psychological level and forming a bullish divergence on the RSI oscillator, NZD/CHF moved higher and broke the descending channel. At the same time, the pair broke above the very strong resistance (0...
Our long position in #GPBUSD opened on a breakthrough of a fractal up at 1.4438 is still relevant. Among additional signals we have only one bar of a «green zone». Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Technical Analysis of CHF/JPY for March 18, 2016 The CHF/JPY pair is expected to move lower after testing the 115.40 resistance (R1). Consider holding short positions with a stop loss just above R1, targeting either S1 (114.10) or S2 (113.60) as the final target for a potential upcoming wave down...
We are still holding an order to buy #EURUSD from 1.1127. During the last 24 hours we have added volume to it in accordance with «green zone» signals. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Technical analysis of USD/CAD for March 18th, 2016 General overview for 18/03/2016: The blue wave (c) might have been completed at the level of 1.2945. If the level of 1.3166 is not clearly violated, there will be at least one more wave down missing the first projected target at the level of 1...
The Kiwi dollar remains poised for further upside above the 0.6750 area, suggested the research team at UOB Group. “While the price action in NZD has turned bullish once again, we are again approaching the massive 0.6880/00 resistance zone where NZD topped out in October and December last year”...
USD/CAD Drops to 1.2940 on Data, Oil Soars CAD has recovered the positive territory vs. its American neighbour on Friday, dragging USD/CAD to fresh lows near 1.2940...
BOE Downplays Negative Impact of China Slowdown on UK Economy Bank of England (BOE), via its quarterly bulletin, assured markets the UK economy is less exposed to China slowdown as widely believed. Key points Slowdown of 1% in China equates to around 0...
Drop of #USDJPY quotes led to the rapid achievement of indicated previously target values, where, at the moment, technically important support levels are arranged. Thus, quotes reached the lowest level since October 2014. Find out more by checking out the Source Link...
A sharp drop in the U.S. government bonds yield has led to the growth of demand for #Gold. From a technical point of view, #quotes also increased as a result of achieving of the medium-term uptrend support line. Find out more by checking out the Source Link...
Calculated levels today: Support (S1 / S2 / S3 = 1.1235 / 1,1202 / 1,1150), resistance (R1 / R2 / R3 = 1,1339 / 1,1372 / 1,1424). Key support levels (1st from 1.1149 to 1.1287 late in the day, the 2nd of 1.1149 to 1.1200...
Research Team at RBS, notes that the Federal Reserve surprised with a dovish assessment as the “dot plot” revealed a more gradual rate path had become appropriate for a majority of FOMC participants even though the underlying forecast for growth and inflation did not change significantly...
Research Team at Goldman Sachs, suggests that the BoJ’s negative rate policy is distinguished by the ‘variable’ tiered reserve system, in which the amount of banks’ current account balances at the BOJ remunerated by zero interest rate (so-called macro add-on balance) increases as QQE increases th...
BofA state that the freeze in output by OPEC, strong driving season, easy money and declining US shale production should see WTI reach USD 47/bbl by June *Bank of America (abbreviated as BoA) is an American multinational banking and financial services corporation headquartered in Charlotte, North...
