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EUR/USD: Further Downside on the Cards? – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, hinted at the possibility of a visit to the 1.1340 area in the short-term...
EUR/USD Potential Decline to 1.1300 – UOB In view of the research team at UOB Group, EUR/USD risks a test of the 1.1300 area in the next 1-3 weeks. Key Quotes “We just shifted to a neutral stance last Friday and there is no change to the view”...
EUR/CHF Sinks to Lows Near 1.1050 After a failed attempt to extend the recent breakout of the 1.1100 handle, EUR/CHF has now returned to the mid-1.10s, or daily lows...
Elliott Wave Analysis of EUR/NZD for May 9 - 2016 Wave summary: After a slightly deeper correction to 1.6479 a new rally quickly broke back above resistance at 1.6745, indicating that a low is now in place at 1.6479 and more upside should be expected in the coming days/weeks ahead...
Elliott Wave Analysis of EUR/JPY for May 9 - 2016 Wave summary: The price spiked lower on Friday to a low of 121.46 but was immediately rejected. This could be what we have been waiting for to secure the bottom for a new long-term rally back to 141.06 and higher...
As we wrote on Friday, ES-Mini: Tough Support; It Might Bounce!, we expected the market to start bouncing around the 2030 support region and completed the first corrective wave (A or 1) down from the highs...
Gold Slides Further, Drops Back Below $1280 Gold weakened on Monday and extended its weakness during European session and dipped back below $1280 to currently trade near session low of $1279. On Friday, gold spike to $1295 on the back of what seemed to be poor US jobs report...
Oil Picture Even More Blurred – SocGen Kit Juckes, Research Analyst at Societe Generale, notes that the oil prices are higher this morning, in reaction to concerns about the fire in Fort McMurray, and appointment of a new Oil Minister in Saudi Arabia...
Technical Analysis of EUR/USD for May 09, 2016 When the European market opens, some economic news will be released such as the Sentix Investor Confidence and German Factory Orders m/m. The US will release economic data too such as the Labor Market Conditions Index m/m and Mortgage Delinquencies...
Technical Analysis of USD/JPY for May 09, 2016 In Asia, Japan will release the Consumer Confidence, Average Cash Earnings y/y, Monetary Policy Meeting Minutes, and the US will release some economic data such as the Labor Market Conditions Index m/m, and Mortgage Delinquencies...
Daily Analysis of Major Pairs for May 9, 2016 EUR/USD: This pair moved upwards on Monday and Tuesday, tested the resistance line at 1.1600, and then started a bearish movement. From the resistance line at 1.1600, the price dipped by 200 pips, to close at 1.1403 on Friday (May 6, 2016...
EUR/GBP Recovers to Move Back to 0.7925 Resistance The EUR/GBP pair rebounded from early morning lows of 0.7890 and added on to its strength during early European session to currently trade at day's peak 0.7927...
US: Starting to Labour? – ING James Smith, Economist at ING, suggests that the Friday’s Labour Report was fairly mixed, with sub-consensus payrolls growth, but better wage data and it won’t change too many minds on FOMC – the key now lies in the activity data...
GBP/USD Dips to Lows Near 1.4380, Ignores Positive Equities The GBP/USD pair ran through fresh offers over the last hour and surrendered 1.44 handle thereon, as the US dollar regained momentum and edged higher against its major peers. GBP/USD eyes 100-DMA 1.4361 The GBP/USD pair trades -0...
Daily Analysis of USDX for May 09, 2016 USDX did a rebound above the 200 SMA on the H1 chart, and probably we could be riding the bullish bias on a short-term basis, during this week at least. A breakout above the 94.06 level will open the doors to test new monthly highs around the 94...
Daily Analysis of GBP/USD for May 09, 2016 GBP/USD still trades into a weak structure favored by the bears as it could decline toward the support zone of 1.4315...
AUD/USD Turns Negative, Eyeing 100-DMA Support The AUD/USD pair faced fresh offers at day's peak of 0.7385 and has now turned negative to currently trade around Friday's low level near 0.7350...
Chart:https://bi0l.blogspot.com/2016/05/eurusd-h4-weekly-forecast-2016-05-week2.html Estimated levels of the week: Support (S1w / S2w / S3w = 1.1379 / 25 / 1.1237) and resistance (R1w / R2w / R3w = 1.1556 / 1.1610 / 1.1699). Key level (1st from 1.1427 to 1...
USD/CHF Halts a 4-day Rally, Attacks 0.9700 The USD bulls finally faced exhaustion and turned in the negative territory for the first time in five days, mainly driven by persisting risk-off environment. USD/CHF fails near 0.9740 Currently, the USD/CHF pair trades -0.19% lower at 0...
