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GBP/USD Bounces Off 1.4620 Ahead of US GDP The sterling is trading on a bearish fashion today, with GBP/USD around 1.4650 after dropping to 1.4620. GBP/USD weaker pre-GDP Spot is retreating further at the end of the week following recent ‘double-tops’ in the vicinity of 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:57
USD/CAD Bounces Higher to 1.3050 as Oil Sell-Off Extends The US dollar fought back the bids from its Canadian counterpart in the European session, with USD/CAD having brought an end to its three-day decline. USD/CAD extends beyond 1.3000 Currently, the USD/CAD pair jumps +0...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:54
USD/JPY a Test of 108.45 Not Ruled Out – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could slip towards the 108.45 level. Key Quotes “USD/JPY continues to back away from the 55 day ma and currently we remain unable to rule out a slide to 108.45”...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:51
EUR/SEK Flirting With Highs Near 9.2800 The Swedish krona is depreciating further vs. the euro today, with EUR/SEK now advancing to daily highs near 9.2800 the figure...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:49
EUR/USD Holding 100-DMA Support, US GDP to Provide Further Cues The EUR/USD pair remained on back-foot but has managed to hold its neck above 100-day SMA support and is currently trading at 1.1182 level as market now awaits for fresh impetus from US GDP print...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:47
Elliott Wave Analysis of EUR/NZD for May 27, 2016 Wave summary: We are still looking for a break above minor resistance at 1.6715 to confirm that a corrective low is in place at 1.6424 and a new impulsive rally to 1.6931 and 1.7223 is developing on the way higher to the 1.8420 target...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 11:03
Technical Analysis of USD/JPY for May 27, 2016 USD/JPY is expected to trade with a bullish bias. Overnight U.S. indexes were little changed after rallying 2% over the prior two sessions. The Dow Jones Industrial Average eased 0...
Elliott Wave Analysis of EUR/JPY for May 27 - 2016 Wave summary: We are still looking for a break above the resistance at 123.12 to confirm that a corrective low was seen at 122.23 and a new impulsive rally to 124.65 and above is developing. Short-term support is seen at 122...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:57
USDCHF Daily is in a Bearish channel from 11/2015 and it it has just made a top. So it is a good situation to take SELL but a fake Bullish break out may happen. In case the "Intelligent CCI" indicator fall below 78 it is confirmed time for SELL...
Analytics & Forecasts
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Yasser Sabbaghi, 27 May 2016, 10:56 #usdchf
Technical Analysis of USD/CHF for May 27, 2016 USD/CHF is expected to trade with a bearish bias. The pair stays below its key resistance at 0.9925 and looks for choppy price action with a bearish bias...
Technical Analysis of NZD/USD for May 27, 2016 NZD/USD is expected to trade with a bearish bias as Key resistance at 0.6770. The pair failed to break above its horizontal resistance at 0.6770, and remains weak below the threshold...
Technical Analysis of GBP/JPY for May 27, 2016 GBP/JPY is expected to trade with bearish bias with no long-term direction. The pair is moving around its 20-period and 50-period moving averages within a trading range between 161.90 and 160...
Daily Analysis of USDX for May 27, 2016 The USDX traded in a bearish tone during Thursday's session, but currently we should note that the Index is hovering around the 200 SMA area on the H1 chart...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:40
Daily Analysis of GBP/USD for May 27, 2016 Pair had a corrective session and it's now looking to find support around the 1.4662 level...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:37
FxWirePro: CAD/JPY Faces Strong Resistance at 85.50, Good to Sell on Rallies Major resistance- 85.50 (100 day EMA) Major Support – 83.60 CAD/JPY has made a high of 85.17 yesterday and started to decline drastically from that level. The pair opened around 84...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:31 #CADJPY
Expected Movement in 1.1175 – 1.1215 Range for Euro Yesterday’s Trading: The euro bulls on Thursday tried to strengthen above the trend line and 1.1190 resistance several times but couldn’t manage it. The price constantly bounced back to 1.1165...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:27
Daily Forex Fundamental Overview Fundamental Analysis USD "The various readings from the Federal Reserve Banks of Richmond, New York and Philadelphia all were in contraction territory for the month of May...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:24
EUR/USD Falls Below 1.12 in Downward Channel EUR/USD has been falling in a descending channel since falling from the high of 1.1615. The pair broke below the key 1.12 level earlier this week. There was a strong bounce from 1.1128 but prices found resistance at 1.12. It is also near the 38...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:20
Dax Index - We Look to Sell a Break of 10250 Dax Index - We look to Sell a break of 10250 (stop at 10325) Dax Index - Prices have continued the bullish move higher and resulted in 3 consecutive positive days...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:15
GBP/USD 1.4770 Still on the Cards – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, there is still room for a visit to the 1.4770 area. Key Quotes “GBP/USD remains capable of challenging 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:12