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FxWirePro: US Oil Declines on Oversupply Concerns, Good to Sell on Rallies Pattern Formed – Shooting Star Major resistance- $49.35 (161.8% retracement of $46.79 and $42.90) US oil has declined after making a high of $49...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 12:08
FxWirePro: South African Rand Erases Previous Loss Against US Dollar, Down Side Limited USD/ZAR is currently trading around 15.5382 levels. It made intraday high at 15.6421 and low at 15.5203 levels...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 12:05
Chart:https://bi0l.blogspot.com/2016/05/eurusd-intraday-forecast-technical-side_23.html Calculated levels today: Support (S1 / S2 / S3 = 1,12024 / 1,11928 / 1,11771), resistance (R1 / R2 / R3 = 1.12434 / 1.12591 / 1.12591). Key level (1st from 1.12180 to 1.12177 in the late afternoon, 2nd from 1...
Analytics & Forecasts
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oleksandr bilokon, 23 May 2016, 11:47
Bulls in #USDJPY met serious resistance reaching the descending channel resistance line, which was relevant in the last two months. It is recommended to close long positions and stay out of the market. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 23 May 2016, 11:20 #Trading
Friday's statistics from Canada did not affect the technical balance in #USDCAD, leaving the bulls high chances to continue climbing. Trend indicators confirm the upward #trend. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 23 May 2016, 11:16 #Trading
Technical Analysis of Silver for May 23, 2016 Technical outlook and chart setups: Silver has just hit another low at $16.29 levels, and should find support around $16.00 levels going forward. Please also note that fibonacci 0.618 support level of rally between $14.80 and $18...
Technical Analysis of Gold for May 23, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,252.00/53.00 levels, testing its trend line support again. The metal seems to be looking to drop lower around $1,242.00 levels and complete its correction, before turning bullish again...
Technical Analysis of EUR/JPY for May 23, 2016 Technical outlook and chart setups: The EUR/JPY pair continues to drift in a range between 123.00 and 124.00 levels as depicted here. The pair is now seen to be trading at 123.00 levels, looking to break below the range support...
GBP/USD Clinches Highs Near 1.4550 The Sterling keeps its buoyant tone at the beginning of the week, now lifting GBP/USD to test fresh daily highs near 1.4550...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:42
USD/CHF Likely to Build Onto Its Moves Back Above 0.9900 The USD/CHF pair reversed from its early losses to 0.9883 and turned back above 0.9900 handle as the overall USD strength gained traction in last couple of hours. The pair is currently trading up around 0.1% at 0...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:39 #usdchf
With a sparse US data calendar this week, Fed talk will likely to dominate dollar price action ahead of the June FOMC meeting (note Bullard, Williams and Harker are all due to speak today...
Analytics & Forecasts
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Batur Asmazoglu, 23 May 2016, 10:36
EUR/USD 4H Chart: Channel Down Comment: The bias towards the Euro is negative, but only in the near term. EUR/USD is expected to bounce off of the upper edge of the channel at 1.1250 and then head towards a cluster of supports between 1.1150 and 1.1115 dollars...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:35
EUR/USD Turns Negative Near 1.1200 The single currency has lost its initial smile, now dragging EUR/USD to post session lows in the 1.1210 area. EUR/USD lower post-PMIs Spot’s recovery run out of steam around overnight peaks near 1.1240, retracing the advance to the current low-1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:24
EUR/GBP Turns Flat at 0.7730 Post Euro-zone PMI Data On Monday, the EUR/GBP pair built on to its Friday’s sharp recovery and touched a session peak level of 0.7754 during European session but has now erased all of its gains to currently trade at 0.7730...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:21
Weekly Trading Outlook - The Forex Week Ahead: May 23rd – 26th Mon: EUR – EuroZone PMIs & Consumer Confidence Tue: EUR – German GDP, ZEW Survey, GBP – Public Finances, NZD – Trade Balance Wed: USD – Advance Goods, Services & Composite PMIs, Crude Oil Inventories, CAD – BOC Rate Decision...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:17
EURUSD Pauses Decline, Rises Back Above key 1.12 Level EURUSD remained above the key 1.12 level for a second trading day after dipping below it last Thursday for the first time since late-March. The lower Bollinger Band at 1.1179 lent support and helped prices bounce. The 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:09
USD/JPY Around 110 a Prime Sell Opportunity for Japanese Hedgers – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, notes that as expected, the Sendai G7 meeting of finance ministers and central bank governors only put together a compromise agreement on macro-policy coordination...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 10:04
Technical Analysis of GBP/CHF for May 23, 2016 Technical outlook and chart setups: The GBP/CHF pair still has room left on higher side, while it is trading at 1.4365 levels at this moment. The pair is expected to drop to 1.4280 levels before reversing higher again...
Daily Analysis of Major Pairs for May 23, 2016 EUR/USD: Compared to USD/CHF, EUR/USD moved in the opposite direction last week. The price closed below the resistance line at 1.1250, as it threatens to test the support line at 1.1200. This support line, including another support line at 1...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:51
Fxwirepro Short Term Outlook: Gold May Test $1180 Support Over FED Hike Gold has suffered big downfall last week, making it the worst in at least two months, over hawkish statements from several FOMC policymakers and FOMC minutes that strongly indicated that June meeting is very much alive and ma...
Analytics & Forecasts
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Roberto Jacobs, 23 May 2016, 09:45