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European Stocks Stage Rebound After falling for third consecutive day, Equity markets across Europe opened higher on Tuesday with major European indices gaining anywhere between 0.5% to 1.0%. At the time of publishing this report, both DAX and CAC indices are up by 0...
Gold Back in the Red Near $ 1235, US Data Eyed The ongoing recovery mode in the yellow metal ran out of legs once again near hourly 200-SMA above 1240 levels, and the prices retreated sharply, despite broad based US dollar weakness. Gold dips ahead of US data Currently, gold drops -0.25% to 1234...
Technical Analysis of EUR/JPY for April 26, 2016 General overview for 26/04/2016: As anticipated yesterday the corrective cycle in wave 2 is not unfolding and the retracement can reach the projected level of 123.79 before any meaningful rally occurs...
Technical Analysis of USDX for April 26, 2016 The Dollar index continued its slide lower yesterday towards the 94.40 support. The price is steadily pushing lower towards the short-term support...
EUR/USD: Bulls Making Headway Towards 1.1300? EUR/USD found fresh bids just below 5-DMA and from there rebounded sharply to daily tops, finally taking-out strong 10-DMA resistance. EUR/USD firmer, but still below 1.1300 Currently, EUR/USD trades +0.14% higher at 1.1284, testing highs reached at 1...
GBP/USD Adding to Gains Above 1.4500 Mark The GBP/USD has been inching higher for third consecutive day and at the time of writing is trading at day's peak near 1.4545 level...
Technical Analysis of Gold for April 26, 2016 Gold still remains inside the triangle pattern and there is no clear direction in the gold market right now. There are more chances of a deeper correction at least towards $1,190 but sellers still struggle to gain control of the trend...
Technical Analysis of USD/CHF for April 26, 2016 USD/CHF is expected to trade with a bullish bias above 0.9725. Despite the recent consolidation, the pair stands firmly above its nearest key support at 0.9725 and is likely to post a rebound on it...
Technical Analysis of NZD/USD for April 26, 2016 NZD/USD is indicating choppy price action with a bearish bias. The pair remains under pressure below its key resistance at 0.6900 and is looking for a lower bottom. The intraday technical indicators are mixed to bearish...
Technical Analysis of GBP/JPY for April 26, 2016 GBP/JPY is expected to trade with a bullish bias. The pair managed to hold above its horizontal level at 160.05, and is now challenging its next resistance at 161.70...
Elliott Wave Analysis of EUR/NZD for April 26 - 2016 Wave summary: We are still looking for a break above the important short-term resistance at 1.6499 to confirm that an important low was found at 1.6062. Short-term support is found at 1...
Elliott Wave Analysis of EUR/JPY for April 26 - 2016 Wave summary: No change in view here. We continue to look for a continuation higher towards 127.77 as the first upside target for red wave iii. Short-term support is seen at 124...
Technical Analysis of EUR/USD for April 26, 2016 When the European market opens, no economic news will be released, but the US will release some economic data such as the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Order...
Technical Analysis of USD/JPY for April 26, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Richmond Manufacturing Index, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, Core...
AUD/USD: Spikes Higher as Stops Above 0.7730 Tripped AUD/USD has found heavy buying interest at the London open, rising from sub 0.77 levels all the way towards 0.7742, gunning through stops above 0.7725/30 in the process, with more being reported at 0.7750 and 0.7760...
Daily Analysis of USDX for April 26, 2016 On the H1 chart, USDX had a corrective session from last Friday's highs, as the Index is looking to perform a rebound above the 200 SMA on this timeframe...
Daily Analysis of GBP/USD for April 26, 2016 GBP/USD is looking to trade at higher levels after a successful breakout above the resistance zone of 1.4401 and now we can expect some sideways consolidation before another key break to strength the bullish bias...
USD/JPY Slips Further Below 111.00 Mark Following its rapid up-move on Friday last week, the USD/JPY extended its profit-taking move on Tuesday and is currently trading at day's low near 110.70 level. The pair has been moving higher on expectations of further easing by BoJ...
