FxWirePro: GBP/CAD Bounces Amid Bears Show at 1-Year Lows, Both Leading and Lagging Indicators Signal Robust Bear Trend Despite the handsome recoveries in GBP/CAD from last two days, nothing much has changed to the major trend which is vigorously bearish, the current prices have still remained we...
FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64 Pair is currently trading at 14.35 marks. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break below 14...
BTC/USD Hits Two Month High, Jump Till $480/$504 Is Possible BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452...
FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited EUR/SEK is currently trading around 9.1926 levels. It made intraday high at 9.1944 and low at 9.1787 levels. Intraday bias remains neutral for the moment. A daily close above 9.2050 will test key resistances at 9.2630/9...
The USD pairs responded to the minimum bid rate...
FxWirePro: EUR/JPY Gains on Broad Yen Weakness, Finds Major Resistance at 124.96 Yen weak across the board on the news that BOJ will discuss negative-rates with banks. EUR/JPY spiked almost 50-pips to hit session highs at 124.95, 124.96 is 50% Fib of 128.22 to 121...
EUR/USD Hits Fresh Weekly Lows Near 1.1265 on German PMIs The bulls remained largely unimpressed by the mixed German PMI reports, keeping EUR/USD depressed near session lows below 1.13 handle. EUR/USD eyes 1.1230 next support Currently, EUR/USD trades -0.17% lower at fresh weekly lows of 1...
USD/CAD Clinches Highs Near 1.2740 The US dollar is posting moderate gains vs. its major rivals during the European morning, now sending USD/CAD to daily highs near 1.2740...
GBP/USD Drops Sharply to 1.4330 as EU Stocks Open Lower The recovery in the GBP/USD lost legs near 1.4370 region, sending the prices sharply lower, as the bulls were hit hard by the negative start on the European indices. GBP/USD gives up almost 40-pips The GBP/USD pair trades 0.11% higher at 1...
Technical Analysis of USD/CAD for April 22, 2016 General overview for 22/04/2016: The market is still trading below the neutral zone, but the corrective cycle to the upside might start any time now...
Elliott Wave Analysis of EUR/NZD for April 22 - 2016 Wave summary: We have seen a nice little rally of the 1.6062 low, but the pair is not out of the woods yet. To confirm that a long-term bottom has been seen, a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 22 - 2016 Wave summary: The red wave ii correction turned out to be an expanded flat correction, which tells us to expect an extended rally in red wave iii. This means a rally to at least 127.77 and possibly much higher as red wave iii gathers momentum...
Technical Analysis of EUR/JPY for April 21, 2016 Technical outlook and chart setups: The EUR/JPY pair reversed sharply from 125.00 levels yesterday. The pair is seen to be trading at 123.70 levels for now, looking to produce intraday rallies...
Technical Analysis of GBP/CHF for April 22, 2016 Technical outlook and chart setups: The GBP/CHF pair has risen through initial resistance at 1.3950 levels now. Please also note that the pair has broken above its line of resistance as depicted on the daily chart view...
Technical Analysis of Silver for April 22, 2016 Technical outlook and chart setups: Silver finally reversed just ahead of the major resistance at $17.75 levels yesterday. The metal is seen to be trading at $17.15 levels at the moment after printing lows at $16.80/90 levels yesterday...
Technical Analysis of Gold for April 22, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,250.00 levels at the moment after hitting intraday highs at $1,270.00 levels yesterday. Please note that the metal remains in control of bears till prices stay below $1,283.00 levels...
NZD/USD Drops Back to 0.6900 Handle Tracking weakness across other major currencies on Thursday, the NZD/USD pair dropped back to 0.6900 before registering a minor pull-back to 0.6936 early during Asian session. Further downside risk persists below 0...
EUR/USD Headed Towards 1.1230? – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has suggested the possibility that the pair could grind lower to the 1.1230 area. Key Quotes “EUR/USD failed at 1.1400 as expected and now targets its current April low at 1.1234”...
USD/JPY Wants More, in Highs Near 110.60 The Japanese currency is now accelerating its depreciation vs. its American peer, lifting USD/JPY well above the 110.00 handle...
