Since Monday, April 4th, positioning has shifted. In the majors, the largest short is still in GBP and the largest long is now in JPY. USD positioning moved to its largest short position since Oct-2012...
Elliott Wave Analysis of EUR/NZD for April 12 - 2016 Wave summary: We were looking for a break above resistance at 1.6830 and instead we have seen a break below support at 1.6605. This cross continues to disappoint and do whatever it can to cover up its real intentions...
Since Monday, April 4th, positioning has shifted. In the majors, the largest short is still in GBP and the largest long is now in JPY. USD positioning moved to its largest short position since Oct-2012...
GBP/USD Strong Resistance Lies at 1.4380/1.4450 – UOB According to the research team at UOB Group, the pair faces a tough up barrier in the 1.4380/1.4450 band...
Elliott Wave Analysis of EUR/JPY for April 12 - 2016 Wave summary: Red wave [iv] has turned into a triangle consolidation, which should be over soon for a downside thrust towards 120.98 as the next downside target in red wave [v] and red wave iii...
AUD/USD Could Test 0.7759 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes the Aussie dollar could extend the upside towards 0.7760...
USD/JPY Finally Takes Out Hourly 50-MA Hurdle USD/JPY is trading comfortably above hourly 50-MA, which repeatedly capped recovery in the pair since last week. Technical recovery gathers pace The spot now trades around 108.30 levels, which is well above the hourly 50-MA level of 108.18...
USD/CAD Finds Bids Above 1.2900 The greenback is now trading on a firmer note vs. its Canadian peer on Tuesday, taking USD/CAD back above the 1.2900 barrier...
FXWIREPRO: NZD/JPY Breaks Strong Trendline Resistance at 74.10, Targets 75 NZD/JPY has broken above strong trendline resistance at 74.10 and is currently trading around 74.50 levels. The pair is extending upside for the 3rd consecutive session after hitting fresh 8-month lows at 72...
FXWIREPRO: AUD/JPY Trend Analysis - Encourage Intraday Bulls, Short Term Speculators and Long Term Bears to Prolong Please be noted that we were bearish bias and accordingly we suggested shorts in this pair. Refer below link for further readings on our earlier post on this pair: http://www...
FXWIREPRO: USD/ZAR Remains supported Just Above 14.64, a Break Below Targets 14.26 USD/ZAR Pair is currently trading at 14.70 marks. It made intraday high at 14.75 and low at 14.68 levels. Intraday bias remains neutral till the time pair holds key support level at 14.64 levels...
Technical Analysis of EUR/USD for April 12, 2016 When the European market opens, some economic news will be released such as the German WPI m/m, German Final CPI m/m. The US will release economic data too such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
Technical Analysis of USD/JPY for April 12, 2016 In Asia, Japan will release the Prelim Machine Tool Orders y/y, Bank Lending y/y and the US will release some economic data such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index...
EUR/JPY Extends Recovery Above 123.50 as Yen Retreats The European currency reverses a part of yesterday’s losses against its Japanese counterpart in early Europe, driving EUR/JPY above 123.50 levels. EUR/JPY rises above 5-DMA at 123.31 The EUR/JPY pair advances 0...
Daily Analysis of Major Pairs for April 12, 2016 EUR/USD: There is still a sideways movement here. This pair also had a flat movement last week, for the price was unable to close above the resistance line at 1.1450 in spite of forays into it (the resistance line at 1...
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GBP/USD Attempting Gains Ahead of UK CPI Release GBP/USD is attempting gains, trading slightly higher on the day around 1.4244 ahead of the data in the UK which could show cost of living ticked higher in March. Offered at 1.4286 The currency pair ran out of steam at a high of 1...
EUR/USD Wobbles Near 1.1400 Ahead of German CPI The single currency is trading almost unchanged vs. the greenback today, with EUR/USD hovering over the 1.1400 handle ahead of German data...
FXWIREPRO: AUD/JPY Bounces Off Strong Trendline Support at 80.75, Good to Buy Dips AUD/JPY has taken strong trendline support at 80.75 and has edged higher to currently trade at 82.62...
