Technical Analysis of EUR/JPY for April 12, 2016 Technical outlook and chart setups: The EUR/JPY is recovering from yesterday's lows at 123.00 levels for now but the rally should be shallow before bears take control again. The pair is seen to be trading at 123...
Bullish on SEK Ahead of CPI Data – BNPP Research Team at BNP Paribas, suggests that the March inflation data remains in focus across Europe this week. Key Quotes “In Sweden we expect Tuesday’s release to show the headline y/y rate re-accelerating to 0...
Technical Analysis of GBP/CHF for April 12, 2016 Technical outlook and chart setups: The GBP/CHF pair has rallied through 1.3600/20 levels, as expected and discussed yesterday. The pair is trading at 1.3580 levels at this moment, looking to push through 1...
FXWIREPRO: Cloud Base Is Strong Support for AUD/CAD, Weakness Only on Breaks Below 0.9787 AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788...
Technical Analysis of Silver for April 12, 2016 Technical outlook and chart setups: Silver rallied through $16.00 levels yesterday before hitting fibonacci 0.786 resistance of the drop from $16.13 through $14.80 levels, and pulling back. The metal is trading at $15...
USD/CHF Stuck in Tight Range Below 0.9550 The US dollar fights hard to regain lost footing versus its Swiss counterpart in the European morning, lifting USD/CHF from session lows on the 0.95 handle...
FXWIREPRO: NZD/CAD Forms Bearish Bat Pattern, Good to Buy at Dips Harmonic Pattern Formed – Bearish Bat pattern Potential Reversal Zone (PRZ) – 0.8970 The pair has recovered after making a low of 0.8835. It is currently trading around 0.88801...
Analysts believe that this week #EURUSD may exceed 1.1500, supported by the risk appetite. #GPBUSD showed a significant increase, in spite of the virtual absence of the fundamental reasons...
Technical Analysis of Gold for April 12, 2016 Technical outlook and chart setups: Gold rallied and hit resistance at $1,257.00/58.00 levels yesterday before pulling back lower. The metal is trading at $1,253.00 at the moment, and is expected to drift lower at least towards $1,190.00 levels...
Since Monday, April 4th, positioning has shifted. In the majors, the largest short is still in GBP and the largest long is now in JPY. USD positioning moved to its largest short position since Oct-2012...
Elliott Wave Analysis of EUR/NZD for April 12 - 2016 Wave summary: We were looking for a break above resistance at 1.6830 and instead we have seen a break below support at 1.6605. This cross continues to disappoint and do whatever it can to cover up its real intentions...
Since Monday, April 4th, positioning has shifted. In the majors, the largest short is still in GBP and the largest long is now in JPY. USD positioning moved to its largest short position since Oct-2012...
GBP/USD Strong Resistance Lies at 1.4380/1.4450 – UOB According to the research team at UOB Group, the pair faces a tough up barrier in the 1.4380/1.4450 band...
Elliott Wave Analysis of EUR/JPY for April 12 - 2016 Wave summary: Red wave [iv] has turned into a triangle consolidation, which should be over soon for a downside thrust towards 120.98 as the next downside target in red wave [v] and red wave iii...
AUD/USD Could Test 0.7759 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760...
USD/JPY Finally Takes Out Hourly 50-MA Hurdle USD/JPY is trading comfortably above hourly 50-MA, which repeatedly capped recovery in the pair since last week. Technical recovery gathers pace The spot now trades around 108.30 levels, which is well above the hourly 50-MA level of 108.18...
USD/CAD Finds Bids Above 1.2900 The greenback is now trading on a firmer note vs. its Canadian peer on Tuesday, taking USD/CAD back above the 1.2900 barrier...
FXWIREPRO: NZD/JPY Breaks Strong Trendline Resistance at 74.10, Targets 75 NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72...
FXWIREPRO: AUD/JPY Trend Analysis - Encourage Intraday Bulls, Short Term Speculators and Long Term Bears to Prolong Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this pair: http://www...
