EUR/USD Risks a Test of 1.1144 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could attempt a visit to recent lows in the 1.1140 area. Key Quotes “EUR/USD charted another new high (1...
GBP/JPY Breaks Minor Resistance 153, Jump Till 154/154.95 Is Possible Major Intraday resistance -153 (1 H Kijun-Sen) Major intraday support – 152.50 (1 H Tenken-Sen) GBP/JPY has broken major intraday resistance 153 and jumped till 153.23 at the time of writing .It is currently trading around 153...
FXWIREPRO: NZD/CAD Faces Minor Resistance Around 0.8970, Good to Sell on Rallies Minor resistance 0.8970 Major support -0.8850 The pair has slightly recovered after making a low of 0.8872. It is currently trading around 0.88835. Intraday trend is weak as long as resistance 0.8970 holds...
Technical Analysis of EUR/USD for April 08, 2016 When the European market opens, some economic news will be released such as French Industrial Production m/m, French Gov Budget Balance, German Trade Balance. The US will release economic data too such as Wholesale Inventories m/m...
Technical Analysis of USD/JPY for April 08, 2016 In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, Current Account and the US will release some economic data such as Wholesale Inventories m/m...
•The sharp decline in equities and Yen crosses this past session had many traders' 'risk aversion' radars going off •There was little fundamental drive to spur risk deleveraging and the breadth of the move sows doubt •While I am watching NZDJPY and the pace of sentiment, I have yet to add to my U...
USD/CHF Recovery from Half-Yearly Lows Falters Near 0.9575 The corrective rally in the USD/CHF pair lost legs at hourly 100-SMA, with the bulls now fighting to retain control amid mixed markets. USD/CHF testing daily lows Currently, the USD/CHF pair trades modestly flat at fresh session lows of 0...
EUR/JPY Finds Some Respite Near 123.50 The Japanese Yen is giving away some of its recent significant gains, allowing EUR/JPY to retake the 123.00 handle and beyond. EUR/JPY supported at 122...
GBP/JPY Retraces to 153.00 Levels, Correction Underway GBP/JPY is witnessing profit taking ahead of the weekend, courtesy of which the pair has recovered to 153.00 levels. Too early to call a bottom Brexit referendum is still at least two months away...
ver recent weeks, the EUR moved moderately higher, while the JPY accelerated sharply, with USDJPY now nearing our USDJPY 105 year-end target...
Despite a lagging US dollar in recent days and weeks that has been dragged down by dovish signals emanating from the words of Federal Reserve officials, sterling has been even weaker...
Technical Analysis of Silver for April 08, 2016 Technical outlook and chart setups: Silver is seen to be trading around $15.17 levels for now, still looking to form a base at $14.50/60 levels before resuming the uptrend. Please note that $14.50 levels are also a convergence of fibonacci 0...
Technical Analysis of Gold for April 08, 2016 Technical outlook and chart setups: Gold continues drifting sideways for now with prices trading around $1,236.00 levels...
Technical Analysis of EUR/JPY for April 08, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.60 levels at this moment, after hitting lows at 122.40/50 levels yesterday. Please note that the pair had reversed lower from fibonacci 128...
AUD/JPY Stages Solid Comeback, Around 82 Handle The AUD/JPY cross staged a solid comeback from fresh monthly lows and recovered almost one big figure from the previous close, mainly driven by yen’s profit-taking slide across the board...
USD/CAD Drops to Lows, Challenging 1.3100 The Canadian dollar is now picking up pace vs. its American neighbor, sending USD/CAD to test the 1.3100 key support. USD/CAD attention to CAD data Bumpy week for the pair so far, which seems to have stabilized within 1.3100 and 1...
Technical Analysis of GBP/CHF for April 08, 2016 Technical outlook and chart setups: The GBP/CHF pair has dropped quite a bit lower into 1.3400 levels as depicted here, looking to produce a pullback/retracement towards 1.3740/50 levels at least. Please note that a break above 1...
Daily Analysis of USDX for April 08, 2016 USDX is looking to break the sideways structure, which has been developing since the March 30th session. However, it is still trading below the 200 SMA on the H1 chart, so the Index could be looking for new lows in coming days at least...
Daily Analysis of GBP/USD for April 08, 2016 We have been seeing some declines during yesterday's session, as the Cable is trying to test again the support level of 1.4016. If the pair succeeds in breaking that zone, then we can expect a continuation towards the 1...
