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Technical Analysis of USD/CHF for April 27, 2016 USD/CHF is expected to trade with bearish bias as the key resistance is at 0.9765. The pair remains under pressure below its horizontal resistance at 0.9765, and it is also capped by its falling 50-period moving average...
Technical Analysis of NZD/USD for April 27, 2016 NZD/USD is expected to trade in higher range as this movement is supported by a positive trend line. The pair stays above its key support at 0.6850, and is also supported by a rising trend line...
Technical Analysis of Silver for April 27, 2016 Technical outlook and chart setups: Silver is seen to be trading at $17.30 levels for now after printing highs at $17.43 levels today. The metal is poised to drop lower below $16.80 levels from here and to a base at $15...
Technical Analysis of GBP/JPY for April 27, 2016 GBP/JPY is expected to continue its upside movement. The pair remains bullish above its nearest support at 161.20, and is expected to post a new rebound. The 20-period and 50-period moving averages are turning up, and also play strong support roles...
Technical Analysis of EUR/JPY for April 27, 2016 General overview for 27/04/2016: The market might terminate the wave 2 correction sooner than expected and enter the bullish zone in an impulsive manner. Wave 1 purple with the top at the level of 125...
USD/JPY Bounces-off 111, Tests 5-DMA Before FOMC The US dollar managed to recover losses versus its Japanese counterpart in the European session, now pushing USD/JPY to fresh daily highs on 111 handle...
Technical Analysis USDX for April 27, 2016 The weak Durable Goods orders announced yesterday put some pressure on the Dollar index which initially broke below short-term support but as I said in a previous analysis, at the current levels the Dollar is oversold, and the downside is limited...
Technical Analysis of Gold for April 27, 2016 Gold is still trading inside the triangle pattern and it seems that it is going to test the upper boundary once again very soon. I continue to remain neutral or slightly bearish as long as we are below the resistance of $1,260-70...
Technical Analysis of USD/CAD for April 27, 2015 General overview for 27/04/2016: The count has been a little modified to incorporate the latest developments and it looks like the market is trying to complete a triple zig-zag pattern in the big wave Z brown...
Daily Analysis of Major Pairs for April 27, 2016 EUR/USD: The EUR/USD is still slightly higher in the context of a downtrend...
Gold Regains Poise, Set to Test $ 1250 Ahead of FOMC? The bullion ran through fresh bids during the European session, now pushing further towards $ 1250 mark as we head closer towards the Fed interest rate decision. Gold: Short-covering ahead of Fed Currently, gold trades 0.30% higher at 1246...
Triangle has broken through the support line at 27-Apr-05:00 2016 GMT. Possible bearish price movement forecast for the next 6 hours towards 1.127. Supporting Indicators : RSI above 60 Resistance Levels : ( B ) 1.1313Last resistance turning point of Triangle...
EUR/USD: Shift from bearish to neutral: Likely in 1.1200/1.1400 range. The break of 1.1330 (high of 1.1338) suggests that the bearish phase that started about 2 weeks ago has ended (target at 1.1145 was not met...
Pound Likely to Extend Gains Post GDP Pound has just snapped back, finding support around 1.4 area and now up more than 500 pips from there, despite all the fears surrounding a British exit from European Union, after June referendum on 23rd...
Elliott Wave Analysis of EUR/NZD for April 27 - 2016 Wave summary: We are still waiting for a break above important resistance at 1.6490 to confirm that an important bottom has been seen at 1.6062. A break above the 1.6490 resistance will call for much more upside towards 1...
GBP/USD Recovers Losses, but Stays Below 1.46 on UK GDP The British pound recovers losses and regains bids versus its American counterpart in the European morning, with GBP/USD re-attempting a break above 1.46 handle. GBP/USD bounces-off 1...
EUR/GBP Trims Early Gains After UK GDP Release Just ahead of the UK GDP print for the first quarter of 2016, the EUR/GBP pair gained momentum but failed to build on to the early strength and has now dropped below 0.7775 level to currently trade near 0.7765...
Elliott Wave Analysis of EUR/JPY for April 27 - 2016 Wave summary: We continue to look for more upside pressure towards 127.77 in red wave iii. In the long term, much higher highs are expected as the large correction from 149.55 most likely ended with the test of 121...
Technical Analysis of EUR/USD for April 27, 2016 When the European market opens, some economic news will be released such as the German 30-y Bond Auction, Private Loans y/y, M3 Money Supply y/y, GfK German Consumer Climate, and German Import Prices m/m...
