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FxWirePro: EUR/USD Faces Strong Support at 1.1250, Good to Buy at Dips Major support – 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225...
FxWirePro: NZDJPY Faces Stiff Resistance at 73.80, Good to Buy Breakout Above NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73...
FxWirePro: AUD/CAD Holds Above 78.6% Fib, Focus on RBA Minutes AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Friday's trade, which supports upside. The pair has hit session highs at 0...
FxWirePro: Euro Strengthens Against Swedish Krona, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.3305 levels. It made intraday high at 9.3316 and low at 9.3045 levels. Intraday bias remains bullish for the moment. A sustained break above 9.33 tests key resistances at 9...
Technical Analysis of USD/JPY for May 16, 2016 USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices posted another losing session despite encouraging retail sales data (+1.3% month-on-month in April vs +0.8% expected and -0.3% in March...
Technical Analysis of USD/CHF for May 16, 2016 USD/CHF is expected to post some further gains. The pair bounced off its key support at 0.9700 and is likely to challenge its nearest resistance at 0.9795...
Traders wanting to know what November’s U.S. presidential election will mean for the dollar need look no further than the U.K. The pound plunged to a seven-year low and volatility soared, exceeding all other Group-of-10 nations, on risks created by a referendum on European Union membership...
Technical Analysis of NZD/USD for May 16, 2016 NZD/USD is expected to trade in a lower range and is currently under pressure. The pair remains on the downside, capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its declining trendline...
Technical Analysis of GBP/JPY for May 16, 2016 GBP/JPY is under pressure. The pair is accelerating on the downside after breaking below 157.15, which should now play a key resistance role. Meanwhile both 20-period and 50-period moving averages are descending and maintain a bearish bias...
Technical analysis of Silver for May 16, 2016 Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17...
Technical Analysis of Gold for May 16, 2016 Technical outlook and chart setups: Gold is seen to be trading higher for the day at $1,278.00 levels at this moment and is soon approaching a resistance zone around $1,280.00/82.00 levels. A push above $1,282...
Technical Analysis of EUR/JPY for May 16, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading lower at 122.95 levels at this moment and should be looking to continue drifting lower below 121.40/50 levels going forward...
Today’s session is expected to be uneventful with bank holidays in France, Germany and Switzerland and no significant economic data due until Empire State Manufacturing Index during the NY session...
Technical Analysis of GBP/CHF for May 16, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4020/25 levels at this moment and should remain well capped below 1.4225 levels going forward. The pair is expected to face stiff resistance around 1...
Daily Analysis of USDX for May 16, 2016 On the H1 chart, USDX has been riding a strong bullish bias since a rebound was performed from the 200 SMA (May 11th). Currently, new highs could be reached as soon as the Index does a breakout above the psychological zone of 95...
Daily Analysis of GBP/USD for May 16, 2016 GBP/USD broke the bullish trend line projected from the May 9th lows, and now we can expect a decline toward the support zone of 1.4316...
Japan narrowly escaped recession in the first quarter, according to a broad view of market analysts, but weak domestic demand and a volatile global economy will continue to stall recovery efforts in the world’s third largest economy...
USD/CHF Recedes from Near 2-Tops Amid Light Trading The USD/CHF pair consolidates two back-to-back sessions of gains witnessed last week, now wavering in a tight range near two-week highs USD/CHF finds stiff resistance around 0.9770 region Currently, the USD/CHF pair trades almost unchanged at 0...
USD/JPY May Hold for Now, but Should Eventually Head Below ¥105 – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that noting the sluggishness in the US economy and the chance that the Fed may forego another rate hike until after the presidential election, we reduced our end-J...
