A result of an order to sale #USDJPY was fixed with a small loss at 113.38. Currently, according to the System rules, we have pending orders at the levels of the nearest fractals. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
We are holding sales in #Gold from 1259.19. During the last 24 hours we have added volume to this position in accordance with corresponding signals. The red Alligator's line has moved almost to the opening level. Find out more by checking out the Source Link...
Pound sterling is showing tentative signs that it might be slowing its decline, and possibly even preparing for a recovery rally. French lender BNP Paribas argue the pound is undervalued according to their own in-house valuation model, called CLEER...
EURJPY: Having the cross turned higher on recovery on Wednesday, further upside momentum is likely in the days ahead. Support comes in at the 124.00 level where a break will aim at the 123.50 level. A turn below here will target the 123.00 level with a breach turning focus to the 122.50 level...
Dear Traders, The big day for the euro finally arrived and market participants are hoping that Draghi will put an end to the euro's recent lethargy...
Today, #EURUSD is expected to be in focus. The reason is simple - at 12.45 GMT the ECB will announce its decision on the future monetary policy. This may mean serious changes in technical and fundamental picture. Find out more by checking out the Source Link...
After the meeting of the Bank of Canada the loonie gained support, climbing up to four-month highs against the U.S. dollar. Currently #USDCAD is approaching the long-term support line of the uptrend that has started back in July 2014. Find out more by checking out the Source Link...
EUR/USD: After probing a multi month descending trend and early February lows of 1.08, EUR/USD embarked on a rebound. The recovery seems to be running out of steam as the pair has faced resistance at graphical level of 1.1060/1...
Technical Analysis of USD/CHF for March 10, 2016 USD/CHF is expected to trade in a bullish bias above 0.9940. The pair stands firmly above its nearest support at 0.9940, and is likely to post a new rebound in the coming trading hours. The relative strength index is mixed to bullish...
Ahead of Thursday's ECB meeting, our call has not substantially changed from four weeks ago. Our baseline is that the ECB will cut the depo rate by 10bp—tiering the deposit rate would allow the ECB to do a small cut rather than a big one...
Technical Analysis of NZD/USD for March 10, 2016 NZD/USD is expected to trade in a lower range. The pair yesterday broke below its intraday trading range pattern, which should confirm a bearish outlook. The 20-period simple moving average is also turning down, and crossed below the 50-period one...
Despite widespread expectations of European Central Bank easing at this week's meeting, the euro maintained a firm tone around $1.1000 Wednesday...
Technical Analysis of GBP/JPY for March 10, 2016 GBP/JPY is set to a further advance. The pair validated an intraday "V"-bottom pattern, and is now heading upward. The 20-period moving average turned up, and also crossed above the 50-period one, which should be a strong positive signal...
EUR/USD: Neutral: Still neutral with key levels at 1.0900 and 1.1100. EUR is still trading in an undecided manner and we reckon ECB will determine whether we break below 1.0900 or above 1.1100. The outlook is finely balanced and the odds for a break lower/ higher appear to be even...
Technical Analysis of EUR/JPY for March 10, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading higher at 128.80/90 levels for now, looking to extend rally towards 128.00 levels at least. The structure indicates that the pair might have completed 5 waves drop from 141...
Technical Analysis of GBP/CHF for March 10, 2016 Technical outlook and chart setups: The GBP/CHF pair is pushing higher towards 1.4300 levels it seems. The pair is out of the ending diagonal as depicted here and could be setting up for a deeper corrective rally towards 1.4850/1...
The Reserve Bank of New Zealand has surprisingly lowered the OCR by 25 basis points to 2.25%, a new record low, and has hinted at another cut in the future...
The Bank of Canada, on Wednesday, kept its key policy interest rate on hold at 0.5%, in line with an economy, which is seen as evolving in line with forecasts published in the January Monetary Policy Report...
Elliott Wave Analysis of EUR/NZD for March 10, 2016 Wave summary: An unexpected rate cut from RBNZ acted as a catalyst for the expected acceleration through the resistance line near 1.6341. It indicates that wave [ii] ended at 1.6085 and wave [iii] towards 1.8551 now is developing...
For the past six trading days, German benchmark stock index has been hovering around 50 day moving average (DMA), which is also coinciding with previous peak made in January this year...
