Technical Analysis of NZD/USD for March 15, 2016 NZD/USD is under pressure. The pair clearly reversed down, and is now expected to challenge its support at 0.6615 in sight. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower...
Technical Analysis of GBP/JPY for March 15, 2016 GBP/JPY is expected to trade in a lower range as key resistance is set at 162.80. The pair remains under pressure below its nearest resistance at 1.3315, and is likely to post a new decline...
Technical Analysis of EUR/JPY for March 15, 2016 After forming a double bottom near 122.50, EUR/JPY started to move higher towards higher highs and higher lows. While growing, the price broke above the strong technical and psychological resistance at 125.00. Also, the pair broke above 1...
Technical Analysis of EUR/GBP for March 15, 2016 On March 10, after the news release, EUR/GBP sharply surged, breaking above the descending channel. The rise stopped, once the price tested the strong support level of 0.7835 (R2), which is 23.6% Fibonacci applied to the channel breakout point...
Technical Analysis of EUR/USD for March 15, 2016 When the European market opens, some economic news on the Employment Change q/q and French Final CPI m/m is due to be released...
Technical Analysis of USD/JPY for March 15, 2016 In Asia, Japan will release data on the BOJ Press Conference, Tertiary Industry Activity m/m, Revised Industrial Production m/m, and Monetary Policy Statement...
There is no trade call for the session. Today’s London session is light on data, however the NY session sees Retail Sales from the US which could be a market-mover. Current Market Sentiment The RBA released minutes from their March 1 meeting...
The risk rally has been stalled for a second day in Asia, Emerging Markets have lost some ground but there is no selling momentum. It looks more like a USD strength squeeze rather than outright USD buying at the moment. USDJPY is lower with Kuroda comments but is still directionless...
The Bank of Japan has announced the results of the two-day meeting on the monetary policy. Contrary to pessimistic expectations of some market participants, the monetary policy of the central bank remained the same, and it supports the yen. Find out more by checking out the Source Link...
(Bloomberg) -- Bank of Japan’s decision today has had a limited market impact given that there was no surprise, says Hideo Suzuki, chief manager, forex and financial products trading at Mitsubishi UFJ Trust and Banking...
Daily Analysis of GBP/USD for March 15, 2016 GBP/USD seems to be trading inside a corrective move towards the support level of 1.4267, where a rebound should happen to resume the bullish bias. The H1 chart is still pointing to the upside and the pair can perform a breakout above the level of 1...
Over the next three months or so, EUR trading will likely depend on three factors: i) efficacy of the ECB policy package, ii) external environment, especially Fed policy and risk sentiment, and iii) ECB willingness to ease further, including rate cuts, when necessary...
Global equity markets have increased their gains at the start of the week, with European indices closing between 0.3 to 1.6 per cent higher today. In the US, shares on Wall Street were trading higher at the time of this writing...
BoJ in 'Wait-and-See' Mode, Removes Negative Rates Language Following last month's surprising decision, today's Bank of Japan monetary policy meeting saw no changes, keeping the interest rate at -0.1% and maintaining 80 trln yen base money target...
EURUSD Daily Forecast: March 15 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1077. The bias is bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1...
GBPUSD Daily Forecast: March 15 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday and hit 1.4271 earlier today. The bias is bearish in nearest term testing 1.1.4230. A clear break and daily close below that area could trigger further bearish pressure testing 1...
USDJPY Daily Forecast: March 15 2016 USDJPY Forecast The USDJPY was indecisive yesterday. There are no changes in my technical outlook. The bias remains neutral in nearest term probably with a little bullish bias testing 114.50...
USDCHF Daily Forecast: March 15 2016 USDCHF Forecast The USDCHF was corrected higher yesterday topped at 0.9881. The bias is neutral in nearest term probably with a little bullish bias testing 0.9930/50 but as long as stays below 1...
AUDUSD. Having the pair capped its strength at 0.7593 level to close lower on Monday, a move further lower is now underway. On the downside, support resides at the 0.7450 level where a breach will aim at the 0.7400 level. Below that level will set the stage for a run at the 0...
Calculated level for today: Support (S1 / S2 / S3 = 39,36 / 38,97 / 33), resistance (R1 / R2 / R3 = 40,64 / 41,03 / 67). Key resistance levels (1st from 40.63 to 39.95 at the end of the day, the 2nd of 40.70 to 40.23...
