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Pre US Open, Daily Technical Analysis Tuesday, April 05, 2016 Please note that due to market volatility, some of the below sight prices may have already been reached and scenarios played out. EUR/USD Intraday: under pressure. Pivot: 1.1415 Most Likely Scenario: short positions below 1...
AUD/USD losses recorded to a touch under .7525 this morning, with the introduction of North American markets added fresh mileage to the USD move against the commodity based currencies. From here we look to the .7475 lows posted on 24 March, from which we eventually generated a move up to...
According to the research team at UOB Group, the pair still faces increasing downside pressure. “While USD is clearly on the defensive, the internal momentum is not as impulsive as we would like and it is unclear if the current weakness could extend significantly lower in the days ahead”...
Karen Jones, Head of FICC Technical Analysis at Commerzbank, noted the relevance of the key support at 0.7477. “AUD/USD held sideways and has started to erode the accelerated uptrend at .7610 – this adds weight to the idea of a correction lower taking hold near term”...
Daily economic digest from Forex.ee Stay informed of the key economic events Tuesday, April 5th NZD/USD trades -0.69% lower at fresh session holding just on 0.6800 with its lowest position at 0.6785...
Strategists at TD Securities expect the ECB minutes to show strong consensus behind the March meeting. Key Quotes “The ECB minutes should reveal the strength of consensus behind March's big easing move”...
Channel Down identified at 04-Apr-16:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 0.746 within the next 3 days. Resistance Levels : ( B ) 0.7464Last resistance turning point of Channel Down...
GBP/USD Still in Consolidative Range – UOB The research team at UOB Group expects the pair to extend its rangebound pattern in the next weeks. Key Quotes “Instead of extending its recent weakness, GBP rebounded strongly from a low of 1.4192...
Researchers at BBH have noted the relevance of the 64.34/62.34 band in USD/RUB. Key Quotes “USD/RUB has retraced nearly three quarter of the October-January rise”. “Break below the November 20 low near 64.34 and then the November 3 low near 62.34 would set up a test of the October 16 low near 60...
EUR/JPY Upside Expected to Fail at 129.35 – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, occasional up moves in the cross could struggle around 129.30...
Quotes of #USDJPY has broken the support level 112.00, which soon led to testing the lower boundary of the trading range. The bears have a lot of work to do before the last line of defense of the bulls will finally fall. Find out more by checking out the Source Link...
The upward movement of #EURUSD slowed down, which was caused with fundamental and technical factors. #Quotes have reached the important resistance level – the area of highs in October 2015. Find out more by checking out the Source Link...
Charts are showing volatility may be on the horizon for the precious metal, but the question is in which direction...
GBP/JPY Trims Losses and Regains 157 on UK PMI The bulls were rescued by the rebound in the UK’s services sector activity report, allowing a minor recovery in the pound against the European currency. GBP/JPY bounces-off five-month lows The GBP/JPY pair trades -0.91% lower at 157...
Technical Analysis of EUR/CAD for April 05, 2016 The EUR/CAD pair managed to find a hard bottom near the 1.4500 level after which a sharp move up followed. The spike up resulted in the breakout of the descending channel, where price broke above the 23...
Technical Analysis of CAD/CHF for April 05, 2016 CAD/CHF was range trading for the past month and only few days ago pair managed to get below the 0.7330 support level. This could signal that a downtrend is about to emerge...
The sterling is accelerating its downside today, dragging GBP/USD to the boundaries of the 1.4200 key support. GBP/USD lower on USD, PMI The pair has given away yesterday’s strong advance to the 1...
FXWIREPRO: Swedish Krona Falls After Lower Than expected Industrial Production Data EUR/SEK is currently trading around 9.2607 levels. It made intraday high at 9.2671 and low at 9.2450 levels. Today Sweden released industrial production data with negative numbers at 0.1% m/m vs 0...
The Swedish krona is losing ground today vs. the single currency, pushing EUR/SEK to the area of session tops near 9.2700...
