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Elliott Wave Analysis of EUR/JPY for March 10, 2016 Wave summary: Resistance at 125.23 needs to protect the upside for a break below 124.22 and more importantly below support at 123.01 to confirm the expected decline to 119.90 and possibly even lower to 117.35. If, however resistance at 125...
Daily Analysis of GBP/USD for March 10, 2016 On H1 chart, GBP/USD is currently being supported by the 1.4183 zone, as the bullish bias stays intact. The 200 SMA in this time frame is slightly neutral, as we're still considering the resistance level of 1.4267 as a possible level to be broken...
Analysis : Triangle has broken through the resistance line at 09-Mar-12:00 2016 GMT. Possible bullish price movement forecast for the next 3 days towards 1.005. Supporting Indicators : Upward sloping Moving Average Resistance Levels...
Technical Analysis of EUR/USD for March 10, 2016 When the European market opens, some economic news will be released such as Minimum Bid Rate, Italian Quarterly Unemployment Rate, French Industrial Production m/m, German Trade Balance, and French Final Non-Farm Payrolls q/q...
Technical Analysis of USD/JPY for March 10, 2016 In Asia, Japan will release the PPI y/y. The US will release a series of economic data such as Federal Budget Balance, 30-y Bond Auction, Natural Gas Storage, and Unemployment Claims...
ANALYSIS: Last trading day expected test 1-key level confirmed the planned sale but not sold and remain relevant. Calculated level for today: Support (S1 / S2 / S3 = 39,99 / 57 / 38.90) and resistance (R1 / R2 / R3 = 41,34 / 76 / 42.44). Key levels pыdtrymky (1st from 40.56 / 40.21 to 40...
Today a central event of the week will be holden - a meeting of the European Central Bank, followed by a press conference of its head, Mario Draghi. Prior to this event, analysts make predictions about the decisions that may be taken today. Find out more by checking out the Source Link...
European Economics Preview: ECB Likely To Cut Deposit Rate Further The European Central Bank is set to announce its interest rate decision later today. The bank is expected to cut its deposit rate further into negative territory, while keeping the refi rate unchanged...
EUR/GBP Rangebound Near 0.7730 Ahead of ECB The usual lull pre-ECB meeting has taken over sentiment ahead of the European open on Thursday, leaving EUR/GBP to navigate the 0.7730 area...
EUR/JPY: Upside Remains Capped by 124.90 The bulls are seen struggling to keep the bids as progress towards the European open, with EUR/JPY failing yet again to take out the strong resistance at 124.90. EUR/JPY flat-lined below 123.70 The EUR/JPY pair trades modestly flat at 124...
NZD/USD Recovers Losses, but RBNZ Rate Cut Caps Gains The selling interest in the NZD ran out of team, helping the NZD/USD pair recover losses, but the gains are hard to come on account of RBNZ’s dovish stance. Trades above 200-DMA The spot recovered from the Asian session low of 0...
Brexit Uncertainty is Slowing UK Business Investment – Rabobank Research Team at Rabobank, notes that the UK business investment fell by 2.1% q-o-q in the last quarter of 2015, the largest decline since 2014...
EUR/USD Waits for Draghi Around 1.0970 EUR/USD has quickly faded yesterday’s bullish attempt to the 1.1040 region, returning to the comfort zone around 1.0970 ahead of the ECB event. EUR/USD looks to Draghi for direction It’s all about the ECB today...
RBNZ: Shock and awe ahead of ECB – TDS Research Team at TDS, notes that the RBNZ unexpectedly cut the Official Cash Rate (OCR) by -25bp to 2.25%. Key Quotes “OIS was 28% priced for –25bp, and only 2/17 analysts expected a cut...
NZ Dollar Extends Slide On Surprise RBNZ Rate Cut The New Zealand dollar weakened against the other major currencies in the Asian session on Thursday after the Reserve Bank of New Zealand lowered its Official Cash Rate to a fresh record low and signaled further easing...
GBP/USD Comatose Around 1.42, Investors Await ECB Rate Decision The GBP/USD pair is trading in the sideways manner around 1.42 handle as investors prefer to be on the sidelines ahead of ECB rate decision due later today. Will he or Won’t he...
FXWIREPRO: New Zealand Dollar Breaks All Key Resistances Against Aussie After Surprise Rate Cut by Rbnz Pair is currently trading at 1.1277 levels. It made intraday high at 1.1282 and low at 1.1224 levels. Intraday bias remains bullish for the moment...
FXWIREPRO: Buy USD/JPY Breakout Above 113.80, Target 114.25 Markets likely calmed by higher than expected Chinese CPI figures, risk-on back. USD/JPY rallied to hit session highs at 113.80, but upside likely struggling at strong trendline resistance (113.80...
EUR/USD: After probing a multi month descending trend and early February lows of 1.08, EUR/USD embarked on a rebound. The recovery seems to be running out of steam as the pair has faced resistance at graphical level of 1.1060/1...
