All Blogs

To add a new post, please log in or register
GBP/USD Rallies Could Struggle Near 1.4316 – Commerzbank Karen Jones, Head of FICC Technical Analysis at Commerzbank, believes bullish attempts could run out of legs in the low-1.4300s. Key Quotes “GBP/USD spent the week correcting higher. It is now approaching the 1.4316 downtrend”...
Currency
  • 55
  • 1
Roberto Jacobs, 8 March 2016, 10:21
USD/JPY Comfortable with the Sideline Pattern In view of the research team at UOB Group, the pair’s outlook points to further consolidation in the next 1-3 weeks. Key Quotes “There is not much to add as we continue to hold a neutral view for USD”...
Currency
  • 65
  • 1
Roberto Jacobs, 8 March 2016, 10:18
USD/CAD Struggles to Surpass 1.3340 The Canadian dollar is giving away part of the recent advance vs. its American peer on Tuesday, taking USD/CAD back above the 1.3300 handle. USD/CAD focus on oil The continuation of the rally in crude oil prices – with the barrel of WTI above $37...
Currency
  • 66
  • 1
Roberto Jacobs, 8 March 2016, 10:15
Daily Analysis of Major Pairs for March 8, 2016 EUR/USD: Beyond a reasonable doubt, there is a bullish signal on the EUR/USD pair. In spite of attacks from bears, the pair managed to trade higher on Monday, forming a Bullish Confirmation Pattern in the chart...
Analytics & Forecasts
  • 45
  • 1
Roberto Jacobs, 8 March 2016, 10:10
Elliott Wave Analysis of EUR/NZD for March 8, 2016 Wave summary: The pair is currently testing the resistance line from a high of 1.7222 near 1.6304. A clear breakout above this resistance line will be the first firm indication that wave [ii] has been completed with the test of 1...
Analytics & Forecasts
  • 63
  • 1
Roberto Jacobs, 8 March 2016, 10:02
GoldTtechnical Analysis for March 8, 2016 Gold remains supported inside the bullish channel boundaries and this implies that at least one more new higher high should be hit. The target area remains around $1,300-$1,320, but this does not mean that we could see a top at lower levels...
Analysis : Rising Wedge has broken through the support line at 08-Mar-02:00 2016 GMT. Possible bearish price movement forecast for the next 2 days towards 0.735. Resistance Levels : ( B ) 0.7488Last resistance turning point of Rising Wedge. Support Levels...
Charts
  • 63
Lahcene Ouled Moussa, 8 March 2016, 09:56
Gold: Bulls Unstoppable, $ 1280 Back on Sight Gold futures on Comex prolong their upwards trajectory into fifth-day today on no Fed rate-hike chatter next week and on robust fund inflows. Gold bounces-off a dip near hourly 50-SMA Currently, gold rises 0.76% to 1273...
Metals
  • 52
  • 1
Roberto Jacobs, 8 March 2016, 09:54 #gold
Swiss Jobless Rate Drops In February 2016 Switzerland's unemployment rate decreased marginally in February, in line with expectations, the State Secretariat for Economic Affairs (SECO) said Tuesday. The unadjusted jobless rate dropped to 3.7 percent in February from a near six-year high of 3...
Market News
  • 52
  • 2
Roberto Jacobs, 8 March 2016, 09:10
Technical Analysis of USD/CAD for March 8, 2016 General overview for 08/03/2016: Another local low was reached as the wave (c) develops further. Nevertheless, a bullish divergence, which is being formed between the momentum oscillator and the price, indicates a possible trend reversal...
Technical Analysis of EUR/JPY for March 8, 2016 General overview for 08/03/2016: The market is still trading inside of the neutral zone and there is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated...
Euro Mixed Ahead Of German Industrial Output Data Destatis is slated to release Germany's industrial output data for January in the pre-European session on Tuesday at 2:00 am ET. Output is forecast to rise 0.5 percent on a monthly basis, reversing a 1.2 percent fall in December...
Market News
  • 40
  • 1
Roberto Jacobs, 8 March 2016, 08:55
The indicator is added a new feature - displays the price channel boundaries in history. Price "walk" from one border to the other, some pushing and returning it back. A trader can use the touch points of the channel price in their trading strategies...
Trading Systems
  • 227
  • 1
Maxim Kuznetsov, 8 March 2016, 08:53
Franc Rises Ahead Of Swiss Unemployment Data The State Secretariat for Economic Affairs releases Swiss unemployment data for February in the pre-European session on Tuesday at 1:45 am ET. The jobless rate is forecast to remain unchanged at 3.8 percent in February...
Currency
  • 41
  • 1
Roberto Jacobs, 8 March 2016, 08:53
After months of yen appreciation, the BOJ’s new policy measures initially saw weakness on the yen, however this quickly turned as a result of risk aversion with the USDJPY falling over 1000 pips since the January 29 high...
Analytics & Forecasts
  • 51
Sherif Hasan, 8 March 2016, 08:51 #forex
Japan Eco Watchers Index Falls Unexpectedly To 15-Month Low A measure of peoples' assessment of the Japanese economy decreased unexpectedly in February to the weakest level in fifteen months, survey figures from the Cabinet Office showed Tuesday...
Market News
  • 43
  • 1
Roberto Jacobs, 8 March 2016, 08:49
FXWIREPRO: EUR/JPY Holds Above Channel Base Support at 124.25, Weakness Only on Breaks Below EUR/JPY upside capped at 125 levels which is strong resistance for the pair. Downside for now is holding above channel base support at 124.25, breaks below could accentuate weakness, tests of 122...
Currency
  • 75
  • 1
Roberto Jacobs, 8 March 2016, 08:43
UK Permanent Job Placement Growth At 3-Month High Permanent job placements in the U.K. grew at the fastest pace in three months in February, the Report on Jobs compiled by the Recruitment and Employment Confederation and Markit Economics showed Tuesday...
Market News
  • 42
  • 2
Roberto Jacobs, 8 March 2016, 08:37
Commodity Currencies Slide Amid Rising Risk Aversion Commodity currencies such as the Australian, the New Zealand and the Canadian dollars weakened against their major counterparts in the Asian session on Tuesday amid rising risk aversion, with some of the markets erasing early gains following th...
Market News
  • 91
  • 2
Roberto Jacobs, 8 March 2016, 08:34
There are many myths and stereotypes about automated trading, especially nowadays when automated trading and automation in general is on the rise. Many of them, unfortunately, are still supported by bad developers. What are the most common myths and stereotypes about automated trading on Forex...
Trading Systems
  • 100
  • 3
Algofxsolution, 8 March 2016, 08:33