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Elliott Wave Analysis of EUR/JPY for March 4, 2016 Wave summary: We still opt for the running triangle coount rather than the alternative counts. Short term, we would like to see a break below minor support at 123.91 and more importantly below 123...
Technical Analysis of USD/JPY for March 04, 2016 In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m...
When misery fades, the dollar rallies. That’s the contention of Deutsche Bank AG, the world’s second-biggest currency trader according to Euromoney magazine, which expects the greenback to resume its surge this year after slumping in February...
On the Daily chart, the price is moving inside a bearish channel. Breaking the trend line brings the expectation to have a rise. Best of luck to all the members of MyForexOffice. Description Analyzer : http://myforexoffice.com/analysis-news/forecasts-technical-analysis...
NZD/USD: After Range Bound Trading, Eventual Break Will Be Downwards - Westpac Imre Speizer, Research Analyst at Westpac, notes that the NZD/USD remains stuck in a month-old range of 0.6550-0.6750, but we expect the eventual break will be downwards...
Artificial intelligence technology has advanced leaps and bounds in a relatively short period of time. What once seemed like science fiction is quickly becoming a reality...
US Nonfarm Payrolls Expected to Surge by 195K Today - Rabobank Michael Every, Head of Financial Markets at Rabobank, suggests that today is primarily about US payrolls...
AUD/USD Tests 3-Month Highs, Then Retreats The AUD bulls fought back control in the mid-Asian trades, pushing AUD/USD back on the bids and tested multi-month highs near 0.7380 region. AUD/USD rises from 0.7340 lows Currently, the AUD/USD pair gains 0.15% to trade at 0...
USD/JPY to be Supported by the Higher US Yields - MUFG Research Team at MUFG, expects the USD/JPY to trade with neutral bias within the range of 112.50-115.50 in the coming week. Key Quotes “USD/JPY is higher following the release of revised US economic data...
During the course of the past three weeks, USD/JPY has plunged to establish a 15-month low around 111.00 support, re-tested that support level to form a potential double-bottom technical pattern, and then fluctuated in a consolidation above those lows...
EURUSD: With EURUSD rallying strongly on Thursday, it faces further strength in the days ahead. This view remains valid as long as the pair can trade and hold above. Support lies at the 1.0900 level. Further down, support lies at the 1.0850 level where a violation will aim at the 1.0800 level...
Swiss Franc Falls Against Majors 04 Maret 2016 9:19 AM The Swiss franc weakened against the other major currencies in the Asian session on Friday. The Swiss franc fell to 114.09 against the yen, 1.4072 against the pound and 0.9931 against the U.S. dollar, from yesterday's closing quotes of 114...
EUR/USD Extends Corrective Slide Towards 100-DMA 04 Maret 2016 2:30 AM Having peaked near 50-DMA at 1.0975 in last US session, the EUR/USD pair continues to drift lower in Asia so far, correcting heavy gains booked yesterday. EUR/USD drops as USD recovers Currently, EUR/USD trades -0...
USD/JPY Attempts Tepid-Bounce from BOJ’s Kuroda-Driven Low 04 Maret 2016 2:11 AM The bid tone around the Japanese currency strengthened as we progress towards mid-Asia, knocking-off USD/JPY to fresh session lows...
EURUSD Daily Forecast: March 04 2016 04 Maret 2016 2:42 AM EURUSD Forecast After two days of indecisive movement, the EURUSD had a bullish momentum yesterday topped at 1.0972. The bias is bullish in nearest term especially if price able to make a clear break and consistent movement above 1...
GBPUSD Daily Forecast: March 04 2016 04 Maret 2016 2:38 AM GBPUSD Forecast The GBPUSD continued its bullish momentum yesterday topped at 1.4194. The bias remains bullish in nearest term testing 1.4300 area. Immediate support is seen around 1.4080 (former /broken resistance...
Calculated level for today: Support (S1 / S2 / S3 = 1,4071 / 33 / 1.3971) and resistance (R1 / R2 / R3 = 1,4195 / 1,4231 / 1,4295). Key support levels (1st from 1.4022 to 1.4117 late in the day, the 2nd of 1.3995 to 1.4053...
USDJPY Daily Forecast: March 04 2016 04 Maret 2016 2:29 AM USDJPY Forecast The USDJPY was indecisive yesterday. The bias remains neutral in nearest term. Immediate support is seen around 113.15. A clear break below that area could trigger further bearish pressure testing 112.65/30 area...
