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GBP/JPY Turns Positive, Aims for 154+ Levels GBP/JPY cross turned positive on the day and is now looking to take out offers around 154.00 levels as bid tone around Yen lost steam. Supported by 152.51 Prices turned higher from the low of 152...
USD/CAD Filled the Gap, Back Below 1.2900 The Canadian dollar has gathered further traction today, now dragging USD/CAD back below the 1.2900 key support. USD/CAD fades the spike to 1...
EUR/JPY Stages Solid Comeback From 3-Year Lows The cross in the EUR/JPY caught fresh bid-wave post-European open, with the bulls on their way to fill in the bearish opening gap amid easing risk-off market profile. EUR/JPY recovers almost 1 big figure drop The EUR/JPY pair now loses 0.11% to 122...
GBP/USD: Bulls Conquer 1.4200 Amid Oil Price Recovery The offered tone around the GBP appears to weaken in the European morning, now allowing the recovery in GBP/USD to 1.42 handle, as markets continue to track the oil price action for fresh hints on the major...
The main events of the rest of the week in #Forex are the following: the #ECB monetary policy meeting and the publication of the PMI data in the euro zone. The USA is to publish the data on the real estate market. Find out more by checking out the Source Link...
FxWirePro: FTSE100 Recovers After Gap down Opening, Good to Sell on Rallies Major resistance -6375 The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309. Short term trend is still weak as long as resistance 6375 holds...
FxWirePro: Sugar Faces Strong Support at $13.70, Good to Buy at Dips Major resistance - $14.95 (7 W EMA). Major support - $13.70 (200 day MA) Sugar has made a low of $13.70 and started to recover from that level. It is currently trading around $15.04. Short term jump is possible till $15.4/$16...
FxWirePro: EUR/GBP Finds Strong Trendline Support at 0.7945, Good to Buy Dips EUR/GBP holds above strong trendline support, momentum studies bullish. Upside in the pair has stalled ahead of the 0.80 handle. The pair has hit fresh session highs at 0.7993...
Technical Analysis of Silver for April 18, 2016 Technical outlook and chart setups: Silver is trading at $16.10/15 levels for now, after hitting $16.37 levels earlier as expected. The metal has taken out resistance at $16.35 levels, completing a 5-wave rally from $13...
Daily Analysis of Major Pairs for April 18, 2016 EUR/USD: The bias on this market is getting neutral owing to the consolidation that was witnessed in the last two weeks. Even last week, the price merely corrected a bit lower. This week, the support lines at 1.1250 and 1...
EUR/USD Firmer, Challenges 1.1300 A negative open of equity markets in the Old Continent is somewhat propping up the now bid tone in EUR/USD, which managed to regain the 1.13 neighbourhood...
US Warns Japan Not to Devalue the Yen – MUFG Lee Hardman, Currency Analyst at MUFG, notes that the yen has derived support as well from reports over the weekend that the US has warned Japan not to devalue following meetings late last week in Washington...
USD/JPY Turns Positive, Gap Filling Underway USD/JPY is now trading in the positive territory around 108.30 despite oil driven risk-off in the European equity markets. Gap down opening Doha talks failed leading to a sharp drop in oil and uptick in the funding currencies...
European Stocks Drop as Energy Shares Falter Major stock markets across Europe are trading lower today as energy counters are taking a beating after failure of Doha talks saw oil benchmarks suffer sharp losses. At the time of writing, Germany’s DAX was down 0.48%. France’s CAC was down 0...
EUR/USD Could Slip Towards 1.1140 – Commerzbank In view of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair could re-visit the 1.1140 area. Key Quotes “EUR/USD recently charted a minor new high of 1.1465 which was not confirmed by the daily RSI”...
Technical Analysis of USDX for April 18, 2016 The Dollar index has made a very shallow short-term pullback towards 94.50 and is now moving back up to test the recent highs and confirm the bullish reversal on the daily and weekly time frames...
Technical Analysis of EUR/JPY for April 18, 2016 Technical outlook and chart setups: The EUR/JPY drops lower and prints 121.70 levels today as expected earlier. The pair is seen to be trading at 121.92 levels, and should be looking to rally in a countertrend (3 waves) from here...
AUD/USD Still Waiting for a Breakout of 0.7750 – UOB According to the research team at UOB Group, the focus of attention remains on a break above the 0.7750 level...
We remain bullish on NZDJPY and have made only a minor change in our previous count. We wrote a week ago about a swing long trade with a great R-R ratio, NZDJPY: Swing Buy Playing Out!. In the above chart, we see our previous week’s wave count and our 2 buy orders. We got ... Read More...
