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Elliott Wave Analysis of EUR/JPY for April 29 - 2016 Wave summary: It has become a "Make it or break it" time. The low at 121.69 should be able to protect the downside, or our count will be wrong and will have to be ajusted. We will be looking for a break above minor resistance at 122...
USD/JPY: 107.00 Gives Way, What's Next? USD/JPY has seen a break through 107.00 at the London open, although no much follow through has been experienced so far, despite the momentum being clearly in favour of the bears, with some chatter that GPIF-related bids are resting sub 107 down to 106.70...
Daily Analysis of Major Pairs for April 29, 2016 EUR/USD: The perpetual rally on the EUR/USD has resulted in a more vivid threat to the present bearish bias in the market...
EUR/USD Breaks 1.14 Handle, Battle to Accept Prices Above EUR/USD has taken off at the London open, breaking the 1.14 handle decisively, which has resulted in a new day high of 1.1415, with focus now on the next target for the bulls at 1.1450, should they manage to hold price above the 1...
GBP/USD Moves Above 1.4650, Bulls in Control The GBP/USD continues to scale higher and is now trading at 3-month high level near 1.4650, heading for third consecutive week and second consecutive month of of gains. The pair is now in the vicinity of testing Feb. high of 1...
Sterling Futures Show Bulls committed for a 1.4650 Breakout Preliminary data from the CME Group shows that futures traders continue to add new long-sided business in the 6G contract (GBP/USD) this week, as the Sterling heads towards 1...
CAD: Setting up for Real GDP – TDS Research Team at TDS, suggests that following a sizzling start to the year which saw activity grow at the fastest pace since July 2013, the Canadian economy is likely to stall in February with real industry-level GDP forecast to remain unchanged from the prior m...
USD/CHF Bearish Trend Continues, Now Eyeing 0.9600 Extending its weakness for fifth consecutive day, the USD/CHF pair extended its weakness and is trading well below 0.9700 mark, near 0.9635...
Silver Breaks Above Major Resistance at $17.75, Break Above Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.85 from that level. It is currently trading around $17.69...
FxWirePro: GBP/JPY Pivot Point at 156.853, Bears Cautious at 50% Fibos &#150 Tunnel Spreads Best Suitable to Speculate The recent bounces from second week of this month above 7DMA have now faced major resistance at 162.702 and rejected at this level...
FxWirePro: AUD/USD Trades With a Neutral Bias, Remains capped Below 5-DMA at 0.7664 Surprisingly weak Australian CPI numbers on Wednesday saw sharp slump in AUD/USD. The pair is recovering from post CPI lows at 0.7548 and has edged above the 0.76 handle...
FxWirePro: Gold Forms Bearish Gartley Pattern, Good to Sell on Rallies Harmonic Pattern- Bearish Gartley pattern Potential Reversal Zone (PRZ) -$1285 The yellow metal has jumped till $1280 today morning and slightly retreated from that level. It is currently trading around $1275.50...
Technical Analysis of EUR/USD for April 29, 2016 When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Prelim CPI m/m, Core CPI Flash Estimate y/y, CPI Flash Estimate y/y, Italian Monthly Unemployment Rate, Spanish Flash GDP q/q, French Prelim...
Technical Analysis of USD/JPY for April 29, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Treasury Currency Report, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal...
Daily Analysis of USDX for April 29, 2016 USDX is developing a very clear bearish structure below the 200 SMA after it found dynamic resistance around that level. Currently, the Index is forming a lower low pattern above the support level of 93...
Daily Analysis of GBP/USD for April 29, 2016 The pair is still trapped in a bullish consolidation phase above the support zone of 1.4539, where the Cable did a rebound during yesterday's session. Currently, a breakout is expected to be held above the 1...
EUR/GBP Still Struggling Below 0.7800 Handle The EUR/GBP pair on Friday is trading with minor gains near 0.7780 and is attempting a fresh move towards 0.7800 level, above which it has repeatedly struggled to sustain its strength...
EUR/JPY on the Verge as 122.00 Support Re-tested EUR/JPY, just like GBP/USD flirting with 1.4650, is also playing with fire as it re-visits a key support at the 122...
