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Technical Analysis of NZD/USD for May 06, 2016 NZD/USD is expected to trade in a lower range as the pair is under pressure. The pair remains under pressure below its horizontal resistance at 0.6920. Both the 20-period and 50-period moving averages are playing resistance roles as well...
USD/CAD Meanders Near Lows Ahead of Employment Data Having met fresh supply at 1.2900 levels in early Europe, the USD/CAD pair is seen consolidating a sudden downwards spike near 1.2840 region. USD/CAD slips nearly 50-pips Currently, the USD/CAD pair drops -0.08% to 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 12:35
GBP/USD Regains 1.4500 and Beyond ahead of NFP The GBP/USD pair finally stormed its way through 1.45 handle and now heads for a test of 5-DMA at 1.4541 as the US dollar drops further against its competitors over the last hour. GBP/USD finds fresh bids near 1.4475 region The GBP/USD pair trades 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 12:33
GBP/USD: 1.44 Still on the Cards – UOB The research team at UOB Group still believes GBP/USD could re-test the 1.4400 area in the near-term. Key Quotes “There is no change to our view wherein we expect the current pull-back in GBP to extend lower towards 1.4400”...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 12:31
Summary : Target Level : 1.4454 Target Period : 5 hours Analysis : Triangle has broken through the support line at 06-May-04:00 2016 GMT. Possible bearish price movement forecast for the next 5 hours towards 1.445...
Charts
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Lahcene Ouled Moussa, 6 May 2016, 12:29
Daily economic digest from Forex.ee Stay informed of the key economic events Friday, May 06th EUR/USD trades in the flat since yesterday, within a range of 20 points near 1.14 mark, as traders are awaiting for main event of this week NFP...
Analytics & Forecasts
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EEAnalytics, 6 May 2016, 12:22
FxWirePro: CHF/JPY Faces Strong Resitance at 112.65, Good to Sell on Rallies Major support – 110.50 The pair has broken major support 110.50 and declined till 110.40. It is currently trading around 110.52. Short term trend is bearish as long as resistance 112.65 (21 day MA) holds...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:45
#Oil decline slowed down the upward trend of #USDCAD. Currently, the pair is traded within a narrow range in anticipation of the important statistics on the labor market. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
#EURUSD continues to lose ground ahead of the #NFP report, but the possibility of the growth wave is still high. The future dynamics of the pair will likely depend on today's U.S. employment data. Find out more by checking out the Source Link...
FxWirePro: GBP/JPY Faces Strong Support at 154.40, Good to Buy at Dips Major resistance- 156 Major support – 154.40 (May 4th low) The pair has once again recovered after making a low of 154.62 at the time of writing. It is currently trading around 155.10...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:40
AUD/USD Keeps Lows Near 0.7370 The Aussie dollar keeps its negative note on Friday, taking AUD/USD to the lower bound of the range near 0.7370. AUD/USD hurt by the RBA Spot has retreated to 2-month lows in sub-0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:36
GBP/USD Runs into Offers Once Again at 1.4500, NFP Eyed The GBP/USD pair is seen trading quite choppy this NFP Friday, swinging between gains and losses amid increased uncertainty as we head towards the US jobs data release...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:34
EUR/USD Outlook Shifted to Neutral – UOB According to analysts at UOB Group, the pair’s stance has now shifted to neutral from bullish. Key Quotes “We highlighted the rapid loss of momentum in recent updates and the break below 1.1400 was not exactly surprising”. “The recent high of 1...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:32
USD/CHF Reverses from 0.9700 Neighborhood The USD/CHF pair met with fresh supply near 0.9700 handle and has now turned negative to trade close to session low of 0.9665...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 11:30 #usdchf
Technical Analysis of GBP/JPY for May 06, 2016 GBP/JPY is under pressure. The pair is turning down, while the 20-period moving average has broken the 50-period one. Meanwhile, the relative strength index stays below 50 and lacks downward momentum...
Gold Side-Lined Below $1280 Ahead of US NFP The yellow metal currently consolidates its overnight rise amid cautious trades as all eyes now remain on the highly influential US employment data due later today...
Metals
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Roberto Jacobs, 6 May 2016, 11:26 #gold
NZD/USD Tested Weekly Lows Near 0.6830 Amid Risk-Off The bears tightened their grip on the NZD in the European session, knocking-off NZD/USD to near one-week lows amid weaker stocks and oil prices. NZD/USD drops further towards 50-DMA at 0.6832 Currently, the NZD/USD pair trades -0.64% lower at 0...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:57 #nzdusd
USD/JPY Wobbles Near 107.00 Ahead of Payrolls The Japanese yen is posting moderate gains vs. its American peer at the end of the week, sending USD/JPY to the 107.00 neighbourhood ahead of NFP...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:55
EUR/USD Inching Higher, Awaits NFP Data for Further Direction The EUR/USD pair rose to a session high of 1.1425, rebounding from its key support around 1.1400 handle as investor now gear up for the release of much awaited US non-farm payrolls data later during the NY session...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:52
FxWirePro: NZD/JPY Breaks Strong Trendline Support at 73.40, Stay Short NZD/JPY has breached strong trendline support at 73.40 and has hit session lows of 73. Our previous call (http://www.econotimes...
Analytics & Forecasts
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Roberto Jacobs, 6 May 2016, 10:38