FXWIREPRO: EUR/SEK Breaks Key Support at 9.2050, Good to Sell on Rallies EUR/SEK is currently trading around 9.1843 levels. It made intraday high at 9.2074 and low at 9.1792 levels. Intraday bias remains bearish for the moment. A current down fall 9...
Technical Analysis of USD/CAD for April 13, 2016 General overview for 13/04/2016: The current Elliott wave count has been changed slightly and instead of the abc irregular correction the pattern evolved into more complex double zig-zag...
A potential oil production freeze to come out of the OPEC meeting at the weekend has pushed oil to its highest level this year. Higher oil has also pushed US corporate bond spreads tighter and equity markets and US bond yields higher...
Technical Analysis of Gold for April 13, 2016 Gold price reversed yesterday after reaching the important resistance of $1,260. I warned Gold bulls that this is not good to be long now. There were many warnings for bulls and today we see the results...
GBP/USD Continues to Lose Ground Having breached 50-DMA support at 1.4250, cable extended losses further to a session low of 1.4218 before recovering slightly to trade around 1.4235 levels. BOE rate cut bets rise The bird is volatile off late on account of Brexit fears...
Technical Analysis of USD/CHF for April 13, 2016 USD/CHF is expected to trade in a higher range as bias remains bullish. The pair managed to break above the resistance of its 50-period moving average, and now the pair is holding above it...
Technical Analysis of NZD/USD for April 13, 2016 NZD/USD is expected to trade in a higher range and continue its upside movement. The pair is clearly in a bullish trend, supported by its rising 20-day and 50-day moving averages. The process of higher highs and lows remains intact...
USD/CHF Edges Higher, Eyes on 0.9600 The greenback continues to gather traction vs. its rivals on Wednesday, now lifting USD/CHF to the vicinity of 0.9600 the figure, or session highs...
Calculated level for today: Support (S1 / S2 / S3 = 1251,60 / 1249,15 / 1244,75), resistance (R1 / R2 / R3 = 1260,67 / 1263,39 / 1267,79). Key level (1st from 1250.57 to 1256.69 at the end of the day, the 2nd of 1244.01 to 1247.61...
Technical Analysis of GBP/JPY for April 13, 2016 GBP/JPY is expected to trade in a higher range as the bias remains bullish. The pair stands above the short-term rising trend line since April 11 and is also supported by its 50-period moving average...
FXWIREPRO: AUD/CAD Holds Above Cloud Base, Weakness Only on Breaks Below AUD/CAD has broken range trade and price action has slipped into the daily cloud. Long upper wicks successively on daily candles suggests selling pressure, pair struggling to extend upside...
EUR/USD at Session Lows as Stoxx 50 Index Gains 1.8% Risk-on sentiment hit the European shores pushing the Stoxx 50 index higher by 1.8% and EUR/USD to a session low of 1.1342 levels. Challenging previous cyclical high Pair is threatening to drop below the previous cyclical high of 1...
FXWIREPRO: GBP/JPY Faces Strong Support at 154, Good to Buy at Dips Major resistance- 155.80 (55 4 H EMA) Major Intraday support – 154 GBP/JPY has made a high of 155.51 yesterday and started to decline from that level .It is currently trading around 154.99...
FXWIREPRO: GBP/JPY Intraday Bull Swings Likely Extend to Resistance at 156.200 But Long Term Downtrend The bounce back above trendline is reasonable, now facing a stiff resistances at 156.200 and upper trendline...
Calculated level for today: Support (S1 / S2 / S3 = 42,99 / 42,48 / 41,44), resistance (R1 / R2 / R3 = 44,67 / 45,18 / 46,02). Key resistance levels (1st from 42.06 to 43.52 at the end of the day, the 2nd of 40.86 to 42.29...
Elliott Wave Analysis of EUR/NZD for April 13 - 2016 Wave summary: The expected rally has failed miserably and we are currently seeing a test of the support line from 1.5784. This support-line near 1.6229 needs to protect the downside or we will have to review our count. A break below 1...
Elliott Wave Analysis of EUR/JPY for April 13 - 2016 Wave summary: We are still locked inside the triangle consolidation and we remain on the outlook for a thrust out of the triangle towards the downside for a decline to 120.98. A break below minor support at 123...
EUR/JPY has Likely Bottomed, Now on Track to Rebound - BNPP Research Team at BNP Paribas, suggests that the main data release on Wednesday is Eurozone February industrial output where our economists expect a decline of 0.6% m/m...
Technical Analysis of USD/JPY for April 13, 2016 In Asia, Japan will release the PPI y/y, M2 Money Stock y/y and the US will release some economic data such as the Beige Book, 10-y Bond Auction, Crude Oil Inventories, Business Inventories m/m, Core PPI m/m, Retail Sales m/m, PPI m/m, Core Retail...
