AUD/USD Remains Vulnerable – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the Aussie dollar could accelerate the downside to 0.6828. Key Quotes “AUD/USD has eroded the 200 day ma at .7260, this is negative. The intraday Elliott wave are more negative”...
The support line of the medium-term trend was finally broken with #EURUSD, causing the downward movement acceleration. Fed meeting minutes played an important role in sellers' success. Find out more by checking out the Source Link...
EUR/GBP Drops to 0.7650 After Solid UK Retail Sales Growth The EUR/GBP pair faded its tepid bounce to 0.7700 during Asian session and built on to the Wednesday's sharp slide after the UK retail sales recorded a solid rebound in the month of April...
FxWirePro: DAX Faces Strong Resistance 1000, Good to Sell on Rallies Major resistance- 9975 (55 day EMA) Major support -9750 DAX has made a high of 9963 and started to decline from that level. It is currently trading around 9845. Short term trend is weak as long as resistance 9975 holds...
#USDCAD quotes have left the boundaries of the "triangle" to the north, and bulls finally took control of the situation. We should note fundamental factors, which worked towards it. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers...
GBP/USD Near 1.4650 Post-UK Data The Sterling has regained the 1.4600 handle and above vs. the greenback today, now pushing GBP/USD to the vicinity of 1.4650. GBP/USD higher on data After a brief test of session lows near 1...
Daily Forex Fundamental Overview Fundamental Analysis EUR “It will clearly be a very long, hard slog to get eurozone consumer-price inflation back up to the ECB’s target rate” - IHS Global Insight...
FxWirePro: EUR/SEK Fails to Sustain Below 9.35, Downside Limited EUR/SEK is currently trading around 9.3690 levels. It made intraday high at 9.3714 and low at 9.3530 levels. Intraday bias remains bearish for the moment. A sustained break above 9.37 tests key resistances at 9.3967, 9.4102, 9...
Technical Analysis of USD/JPY for May 19, 2016 USD/JPY is expected to trade with a bullish bias. Overnight US stock indices pared gains to end little changed after the latest minutes of the US Federal Reserve's monetary policy meeting indicated that interest rates could still be raised in June...
Global Macro Overview For 19/05/2016 The FOMC meeting minutes from last month were released yesterday afternoon...
Technical Analysis of USD/CHF for May 19, 2016 USD/CHF is expected to trade in a higher range as the pair stands firmly above its horizontal support at 0.9805 and is expected to challenge its nearest resistance at 0.9890 in sight...
Elliott Wave Analysis of EUR/NZD for May 19 - 2016 Wave summary: With the break above minor resistance at 1.5582, the first minor signal of a bottom being in place at 1.6538 has been given. We will now be looking for a clear break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for May 19 - 2016 Wave summary: It should be just a matter of time before a new strong rally to 124.65 and higher towards 126.47 is seen. We still need a break above the important resistance at 126...
Technical Analysis of NZD/USD for May 19, 2016 NZD/USD is under pressure. The pair has struck against its key resistance at 0.6775 and is turning down now. Both the 20-period and 50-period moving averages are heading downward, which should call for a new pullback...
Technical Analysis of GBP/JPY for May 19, 2016 GBP/JPY is expected to trade in a higher range as the bias remains bullish. Currently trading at 160.65, the pair stands above its support at 159, while the 20-period moving average stays above the 50-period one...
Technical Analysis of USD/CAD for May 19, 2016 General overview for 19/05/2016: The wave (iii) impulsive progression is developing as anticipated as the wave (i) top has been violated and now it will act as support for the price...
Technical Analysis of EUR/JPY for May 19, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.45 levels at this moment, after reversing from 123.90 levels yesterday. The pair should remain in control of bears till prices stay below 124.60 levels going forward...
Technical Analysis of Silver for May 19, 2016 Technical outlook and chart setups: Silver dropped lower towards $16.70 levels yesterday before pulling back higher. The metal is seen to be trading at $16.81 levels at the moment, looking to rally further at least towards $17...
Technical Analysis of Gold for May 19, 2016 Technical outlook and chart setups: Gold has dropped lower and is seen to be trading at $1,258.00 levels, looking to pull back higher for now before turning bearish again. Please note that the yellow metal has again found support around fibonacci 0...
