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YES and No. Yes, because SPX chart favors for a new move high and that ES needs to break previous highs and record new ones to confirm the bullish rally (see charts below...
Trading Ideas
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AynGannRand, 26 April 2016, 12:48 #technical analysis
UK: Sterling's Strength Stands Out - BBH Research Team at BBH, notes that the sterling's strength is that stands out and it is difficult to attribute it to Obama's push against Brexit, but there does appear to have been a change in sentiment...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:46
Brent: Indicators are Leaving Overbought Zone Last week, the price has reached new annual highs at the level of 46.20, which is crossed by the upper limit of the ascending channel on the daily chart and Fibonacci 50% (correction to the decline since June 2015 and the level of 65...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:44 #Brent
Brent: Is Further Rise in Oil Prices Possible? Today at 22:30 (GMT+2) American Petroleum Institute (API) will release the data on oil inventories in the US oil depot terminals for the last week. According to API oil reserves in the USA have grown by 3.1 million barrels for a week before last...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:40 #Brent
EUR/USD Retraces from 1.1300 Handle The EUR/USD pair continues to build on to its recovery momentum, but seems to get fresh offers near 1.1300 round figure mark to currently trade near 1.1280 level...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:36
FxWirePro: This Week May Mark the End of Gold Consolidation After steady bull-run from late November to early February, Gold has moved into consolidation and ranging within $100 for past 10 weeks. Support lies around $1180-1200 area, while resistance is around $1260-1280 region...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:33
FxWirePro: CHF/JPY Faces Strong Resistance at 114.65 Good to Sell on Rallies Major resistance – 114.70 (200 4 HMA) Major support – 113.40 The pair has retreated after making a high of 114.27 yesterday. It is currently trading at 113.71...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:31
FxWirePro: Capitalize on EUR/AUD Rallies to Deploy Shorts Upon a "Neckline Breach of Double Top" On weekly chart, we spotted out a break below “Neckline of Double Top” at around 1.4696 levels with a bearish candle of big real body...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:29
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 26th GBP/USD met strong resistance at level 1.45 yesterday, with no chances to sustain above it. The cable is seen consolidating near 10-week tops, although failed to keep 1...
Analytics & Forecasts
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EEAnalytics, 26 April 2016, 12:27
USD/JPY Consolidating Below 111 Ahead of US Data The yen continues to keep the upper edge against its American peer in the European session, with USD/JPY oscillating in a tight range below 111 handle. USD/JPY finds support near 110...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 12:24
Chart: http://bi0l.blogspot.com/2016/04/xauusd-intraday-forecast-technical-side_26.html Calculated level for today: Support (S1 / S2 / S3 = 1231,94 / 1229,06 / 1224,38), resistance (R1 / R2 / R3 = 1241,29 / 1244,17 / 1248,84). Key resistance levels (1st from 1238.75 to 1235...
Analytics & Forecasts
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oleksandr bilokon, 26 April 2016, 11:50
EUR/USD: Bearish: To take partial profit at 1.1145. As highlighted yesterday, despite breaking below 1.1230, the downward momentum is not as impulsive as we would like. Furthermore, the target of 1.1145 is a strong support and EUR would likely struggle to move clearly below this level...
Pre-Requisite Reading: General Forecast We have been calling long positions in GBPUSD for several days now and in this trade setup: GBPUSD: Still Bullish!, you can see which are the levels to consider and how to play it...
Analytics & Forecasts
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AynGannRand, 26 April 2016, 11:47 #technical analysis
FxWirePro: BTC/USD Struggles to Break Above $470, Good to Buy at Dips Major resistance -$470 BTC/USD has once again retreated after making a high of $469.47. It is currently trading around $464...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:47
FxWirePro: GBP/USD Trades Higher on Diminishing Brexit Support, Good to Buy at Dips Major resistance – 1.4515 (Mar 18th 2016) Major support – 1.4450 (resistance turned into support) Cable has broken major resistance 1.4515 and jumped till 1.45464 at the time of writing...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:45
FxWirePro Medium Term Outlook: Kiwi May Strengthen to 0.81 Against Dollar As outlook for commodities improve and Dollar weakens across board, New Zealand Dollar, may be poised for bigger jump this week...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:42
Chart: http://bi0l.blogspot.com/2016/04/brent-intraday-forecast-technical-side_26.html Calculated level for today: Support (S1 / S2 / S3 = 44,24 / 43,96 / 43,49), resistance (R1 / R2 / R3 = 45,18 / 45,46 / 45,92). Key resistance levels (1st from 44.30 to 44.86 at the end of the day, the 2nd of 45...
Analytics & Forecasts
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oleksandr bilokon, 26 April 2016, 11:42
GBP/USD Extends Rally Towards 1.46, Fresh 11-Week Tops The bid tone surrounding GBP/USD picked-up significant strength over the past couple of hours, taking the rally way beyond 1.45 handle. GBP/USD fast approaching 1.46 barrier The GBP/USD pair advances 0.60% to 1...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:40
FxWirePro: Go Short on EUR/SEK Around 9.1700 With Stop Loss 9.1760 and Target of 9.1435 EUR/SEK is currently trading around 9.1690 levels. It made intraday high at 9.1750 and low at 9.1422 levels. Intraday bias remains bearish for the moment. A daily close below 9...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:25
USD/CHF Drops Further to Test Hourly 100-SMA The USD/CHF pair extends its downward spiral into a second day today, having hit fresh five-week highs last week, as the US dollar continues to slip against its major competitors. USD/CHF supported above 10-DMA at 0...
Analytics & Forecasts
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Roberto Jacobs, 26 April 2016, 11:22 #usdchf