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...
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...
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...
GBP/USD Weak, Rebounds from 1.4130 The sterling remains entrenched in the negative territory at the beginning of the week, with GBP/USD hovering over the 1.4160/65 band so far...
Technical Analysis of GBP/JPY for April 18, 2016 GBP/JPY is expected to trade in a lower range as 152 is in sight. The pair is accelerating on the downside and is looking for a lower bottom. Meanwhile, the relative strength index is badly directed...
Technical Analysis of NZD/USD for April 18, 2016 NZD/USD is expected to trade in a higher range but the extent of the upside is limited. The pair is still moving sideways within the range between 0.6840 and 0.6950, and is likely to challenge the upper boundary in sight...
Technical Analysis of USD/CHF for April 18, 2016 USD/CHF is expected to trade with a bullish bias. The pair managed to hold above its horizontal support at 0.9630, and is now posting some consolidations...
Technical Analysis of Gold for April 18, 2016 Gold continues to trade sideways inside a triangle formation. The trend is neutral as the price is trapped inside a trading range between $1,260 and $1,215...
USD Still Looks Challenged Here - Westpac Richard Franulovich, Research Analyst at Westpac, suggests that the USD still looks challenged here with Q1 growth now a write off the Fed will want to see at least 2-3 months of stronger data to be sure residual seasonality has once again been the culpri...
FxWirePro: Silver Faces Strong Resistance at $16.35, Good to Buy at Dips Pattern Formed- Cup and Handle Major Resistance- $16.35 Silver has made a high of $16.35 and slightly declined from that level. It is currently trading around $16.19. Short term trend is bullish as long as support $15...
