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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
USD: Forward Guidance One Key Difference for Markets This Time – MUFG Derek Halpenny, European Head of GMR at MUFG, notes that the US dollar is broadly stable today after weakening modestly yesterday as financial market conditions continue to provide justification for the Fed to take action eithe...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:09
NZD/USD Holds Near-Term Range, Dips to 0.6725 100-DMA Support The NZD/USD pair was once again rejected from 0.6760-70 immediate resistance zone and has now turned negative to currently trade at session low, near 100-day SMA region...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:07 #nzdusd
EUR/CHF Unmotivated Near 1.1070 EUR/CHF is alternating gains with losses at the end of the week, hovering over the 1.1070 area following Swiss data. EUR/CHF upside limited at 1.1130 The cross met downside pressure following last week’s tops in the 1...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:04 #eurchf
EUR/USD: Free Ride From the ECB – Commerzbank Dr Jörg Krämer, Chief Economist at Commerzbank, suggests that the normalisation of US monetary policy will be a painfully slow process and such a process will not turn USD-positive...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:03
EUR/USD: Following Cautious USD Gains – ANZ Research Team at ANZ, suggests that expectations of US interest rate rises have jumped in recent weeks, pushing EUR/USD back towards the middle of this year’s range...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 10:00
USD: Fed Has Not Created Ructions Yet – ANZ Daniel Been, Senior FX Strategist at ANZ, suggests that one of the drivers of the more stable reaction to a stronger USD has been the Fed...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 09:58
EUR/USD Rejected Once Again at 1.1200, Drops to 1.1180 EUR/USD reached 1.12 handle in the last hour, although failed once again at the last and drifted lower, dropping further below 100-DMA. EUR/USD making higher highs on intraday charts Currently, EUR/USD trades -0...
Analytics & Forecasts
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Roberto Jacobs, 27 May 2016, 09:56