GBP/USD Drops Sharply to 1.4330 as EU Stocks Open Lower The recovery in the GBP/USD lost legs near 1.4370 region, sending the prices sharply lower, as the bulls were hit hard by the negative start on the European indices. GBP/USD gives up almost 40-pips The GBP/USD pair trades 0.11% higher at 1...
Technical Analysis of USD/CAD for April 22, 2016 General overview for 22/04/2016: The market is still trading below the neutral zone, but the corrective cycle to the upside might start any time now...
Elliott Wave Analysis of EUR/NZD for April 22 - 2016 Wave summary: We have seen a nice little rally of the 1.6062 low, but the pair is not out of the woods yet. To confirm that a long-term bottom has been seen, a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 22 - 2016 Wave summary: The red wave ii correction turned out to be an expanded flat correction, which tells us to expect an extended rally in red wave iii. This means a rally to at least 127.77 and possibly much higher as red wave iii gathers momentum...
Technical Analysis of EUR/JPY for April 21, 2016 Technical outlook and chart setups: The EUR/JPY pair reversed sharply from 125.00 levels yesterday. The pair is seen to be trading at 123.70 levels for now, looking to produce intraday rallies...
Technical Analysis of GBP/CHF for April 22, 2016 Technical outlook and chart setups: The GBP/CHF pair has risen through initial resistance at 1.3950 levels now. Please also note that the pair has broken above its line of resistance as depicted on the daily chart view...
Technical Analysis of Silver for April 22, 2016 Technical outlook and chart setups: Silver finally reversed just ahead of the major resistance at $17.75 levels yesterday. The metal is seen to be trading at $17.15 levels at the moment after printing lows at $16.80/90 levels yesterday...
Technical Analysis of Gold for April 22, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,250.00 levels at the moment after hitting intraday highs at $1,270.00 levels yesterday. Please note that the metal remains in control of bears till prices stay below $1,283.00 levels...
NZD/USD Drops Back to 0.6900 Handle Tracking weakness across other major currencies on Thursday, the NZD/USD pair dropped back to 0.6900 before registering a minor pull-back to 0.6936 early during Asian session. Further downside risk persists below 0...
EUR/USD Headed Towards 1.1230? – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has suggested the possibility that the pair could grind lower to the 1.1230 area. Key Quotes “EUR/USD failed at 1.1400 as expected and now targets its current April low at 1.1234”...
USD/JPY Wants More, in Highs Near 110.60 The Japanese currency is now accelerating its depreciation vs. its American peer, lifting USD/JPY well above the 110.00 handle...
Hi traders, EURUSD can go anywhere, so better wait patiently in the Support and Resistance. This is my last trading plan (Swing style) this week and a week ehead for EURUSD. We can also take minor Support and Resistance of A2SR for Scalping or Daily trades (short term...
GBP/JPY Breaks Major Resistance on BoJ News, Targets 160/162.57 Major resistance – 158.10 (trend line joining 162.57 and 158.37) Major support- 156.45 (7 day EMA) GBP/JPY has regained today morning after making a low of 156.51 yesterday. It is trading around 157.80...
Technical Analysis of EUR/USD for April 22, 2016 When the European market opens, some economic news will be released such as the Italian Retail Sales m/m, Flash Manufacturing PMI, Flash Services PMI, Flash Manufacturing PMI, German Flash Services PMI, German Flash Manufacturing PMI, French Flash...
Technical Analysis of USD/JPY for April 22, 2016 In Asia, Japan will release the Tertiary Industry Activity m/m, Flash Manufacturing PMI and the US will release some economic data such as the Flash Manufacturing PMI...
Daily Analysis of USDX for April 22, 2016 The H1 chart picture is showing a strong rebound from the support level of 94.08, where the bulls are pushing the USDX higher to above the 200 SMA. The overall picture is still in a bearish tone and a pullback can possibly happen to reach new lows...
Daily Analysis of GBP/USD for April 22, 2016 GBP/USD had a volatile session yesterday but it's still showing a sideways structure below the resistance zone of 1.4401, which remains very solid to the upside. Currently, a breakout higher will open the door to a possible advance toward the 1...
Daily Analysis of Major Pairs for April 22, 2016 EUR/USD: This market went bearish on Thursday – just in the opposite direction to the USD/CHF which moved upwards that day. The bearish movement on the EUR/USD was not that significant...
AUD/USD Finding Some Support Near 0.7730 Level In tandem with the reversal in other major currencies, the AUD/USD pair too dropped sharply to 0.7732, giving-up over 100-pips from day's high of 0.7834...
