The Canadian dollar is giving away some of its recent gains vs. the greenback, with USD/CAD now meandering a narrow range in the 1.3415/10 region...
Pre European Open, Daily Technical Analysis Friday, March 04, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: the upside prevails. Pivot: 1.0890 Most Likely Scenario: long positions above 1...
Research Team at Nomura, suggests that the US container data suggest that both exports and imports declined in January. Key Quotes “However, a decline in goods in goods inflows outpaced a moderate decline in goods outflows on the month...
Research Team at Danske Bank, suggests that today focus will be on the US labour market report for February. Key Quotes “We estimate non-farm payrolls increased 160,000 in February, below the current consensus of 195,000...
The GBP/USD pair made an unsuccessful attempt to break below 1.4154 (38.2% of 1.4669-1.3835) level before making attempt to take out 1.4165 (23.6% of 1.5230-1.3835). Awaits breakout The spot is largely stuck between the two key Fibo levels...
The day came when the United States will publish one of the most important indicators – non-farm payrolls (#NFP). Many analysts expect that the economy has added more than 200 000 jobs. Whether it did or not, we will know during the U.S. trading session...
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...
Yet another day of commodity strength yesterday evening, CAD, AUD, NZD and Gold lead the way and are still strong in Asia. EURUSD was pushed higher from 1,0850s to 1,0950s during the day as the yield differential pushed the spot higher...
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...
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...
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...
USDCHF Daily Forecast: March 04 2016 04 Maret 2016 2:26 AM USDCHF Forecast The USDCHF had a bearish momentum yesterday bottomed at 0.9892. The bias is bearish in nearest term testing 0.9820 region. Immediate resistance is seen around 0.9940...
Calculated levels today: Support (S1 / S2 / S3 = 1.0907 / 1,0882 / 53), resistance (R1 / R2 / R3 = 1,0972 / 1,1001 / 1,1046). Key support levels (1st from 1.0859 to 1.0918 late in the day, the 2nd of 1.0850 to 1.0898...
Market Overview The trading outlook continues its improving trend as a whole range of markets show that sentiment is far less stressed than it was just two or three weeks ago...
