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Quotes of #Gold have left borders of a rising price channel. This breakthrough has provoked an activation of protective stop orders, and it rapidly led the price to a support line of a larger order trend. Find out more by checking out the Source Link...
Technical Analysis of USD/CHF for March 15, 2016 USD/CHF is expected to trade in a higher range as a technical rebound is expected. The pair is slightly turning up, and is likely to challenge the resistance at 0.9895 in the coming trading hours. A strong support base around 0...
Technical Analysis of NZD/USD for March 15, 2016 NZD/USD is under pressure. The pair clearly reversed down, and is now expected to challenge its support at 0.6615 in sight. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower...
Technical Analysis of GBP/JPY for March 15, 2016 GBP/JPY is expected to trade in a lower range as key resistance is set at 162.80. The pair remains under pressure below its nearest resistance at 1.3315, and is likely to post a new decline...
Technical Analysis of EUR/JPY for March 15, 2016 After forming a double bottom near 122.50, EUR/JPY started to move higher towards higher highs and higher lows. While growing, the price broke above the strong technical and psychological resistance at 125.00. Also, the pair broke above 1...
Technical Analysis of EUR/GBP for March 15, 2016 On March 10, after the news release, EUR/GBP sharply surged, breaking above the descending channel. The rise stopped, once the price tested the strong support level of 0.7835 (R2), which is 23.6% Fibonacci applied to the channel breakout point...
Brent Oil Slides, Eyes 100-DMA Support Oil benchmarks are being offered, with Brent now trading well below hourly 200-MA and appears on track to test 100-DMA support at $38.40 levels. Brent down 2% Futures currently trade 2% lower on the day around $38.75/barrel...
AUD/USD Slumps to Lows Near 0.7460 The Aussie dollar is now depreciating further, dragging AUD/USD to visit fresh lows in the 0.7460 area...
EUR/USD Above 1.11 as Stoxx 50 Futures Drop The bid tone around EUR strengthened on signs of risk-off in equities, pushing the EUR/USD above 1.11 handle and to a session high of 1.1118 levels. Weak stocks support EUR At the time of writing, Stoxx 50 futures were down 0...
Technical Analysis of EUR/USD for March 15, 2016 When the European market opens, some economic news on the Employment Change q/q and French Final CPI m/m is due to be released...
Technical Analysis of USD/JPY for March 15, 2016 In Asia, Japan will release data on the BOJ Press Conference, Tertiary Industry Activity m/m, Revised Industrial Production m/m, and Monetary Policy Statement...
There is no trade call for the session. Today’s London session is light on data, however the NY session sees Retail Sales from the US which could be a market-mover. Current Market Sentiment The RBA released minutes from their March 1 meeting...
The Bank of Japan has announced the results of the two-day meeting on the monetary policy. Contrary to pessimistic expectations of some market participants, the monetary policy of the central bank remained the same, and it supports the yen. Find out more by checking out the Source Link...
GBP/USD Trades Below 50-DMA British Pound extended its depreciating trend in Asia, taking the GBP/USD pair well below its 50-DMA located at 1.4303 levels. Eyes 50% Fibo The pair is now trading within a striking distance from 1.4252 (50% of 1.4668-1.3835...
EUR/USD Wobbles Around 1.1100, US Data Eyed The single currency is alternating gains with losses vs. the greenback on Tuesday, taking EUR/USD to the area around 1.1100 the figure. EUR/USD supported near 1...
Analysis : Ascending Triangle identified at 15-Mar-05:30 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.331 within the next 5 hours. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
AUD: Focus on the Labour Market, RBA Minutes & FOMC – NAB Research Team at NAB, suggests that the recent RBA communications have focused on whether the Australian labour market can continue its improvement and whether early-year financial market volatility impacts on the outlook for global or...
NZD/USD Drops Towards 200-DMA as Commodities Tumble The NZD/USD pair witnessed heavy sell-off over the last couple of hours as risk-sentiment deteriorated amid global sell-off. NZD/USD deflates from 0.6685 Currently, the NZD/USD pair trades -0.28% at 0.6656, having posted fresh session lows at 0...
Weaker Greenback Leaves Door Open for the Fed - Scotiabank Derek Holt, Research Analyst at Scotiabank, suggests that there are thought to be two main impediments to the Fed hiking in the near-term including the higher odds of a hike this week than markets are pricing...
