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Technical Analysis of USD/CAD for April 29, 2016 General overview for 29/04/2016: Not much has been changed in this market as it is still trying to complete the triple zig-zag pattern in the big wave Z brown...
Technical Analysis of US Dollar Index for April 29, 2016 Technical outlook and chart setups: The US Dollar Index dropped lower today towards 93.36 levels before pulling back higher. The index is seen to be trading at 94...
Technical Analysis of Silver for April 29, 2016 Technical outlook and chart setups: Silver has finally taken out major resistance at $17.75/77 levels today. The metal printed a high at $17.80/82 levels before pulling back and should be looking to drop lower from here on...
Technical Analysis of Gold for April 29, 2016 Technical outlook and chart setups: Gold has pushed higher beyond $1,275.00 levels, taking out stops for now. The yellow metal has hit $1,280.00 levels today and is now trading at $1,274.00/75.00 levels. Still, $1,283...
Technical Analysis of USD/CHF for April 29, 2016 USD/CHF is expected to trade in a lower range as the pair is bearish within a declining channel. The pair remains under pressure within its descending channel and is likely to post further decline...
Technical Analysis of NZD/USD for April 29, 2016 NZD/USD is expected to trade in a higher range as the bias remains bullish. The pair stands firmly above its support at 0.6930 and remains on the upside. The 50-period moving average is also playing a support role and maintains a positive bias...
Technical Analysis of GBP/JPY for April 29, 2016 GBP/JPY is expected to trade in a lower range . Following yesterday's major collapse, the pair is now under pressure below its falling 50-period moving average...
Without doubt, USD / JPY is now in focus. It is recommended to consider opening short positions in a case of daily closing below 107.63. 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, 29 April 2016, 11:01 #Trading
Bulls in #Gold received a strong support from decline of risk appetite. To date, the yellow metal quotations have reached the upper limit of the current rising price channel. 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, 29 April 2016, 10:59 #Trading
The pressure on Canada The price action on the yen is indicative of a currency that has changed course. After yesterday’s substantial bout of yen appreciation, we’ve seen more gains overnight, this despite the holiday in Japan today...
Market News
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soubra2003, 29 April 2016, 10:48
Technical Analysis of EUR/JPY for April 29, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped lower, hitting 121.95 levels today. The pair seems to have made interim resistance at 126.40 levels yesterday before reversing sharply...
Technical Analysis of GBP/CHF for April 29, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.1410/20 levels at this moment, looking to push higher towards 1.4290/1.4300 levels at least. The pair is expected to produce a meaningful retracement thereafter...
Elliott Wave Analysis of EUR/NZD for April 29 - 2016 Wave Summary: The corrective decline in red wave ii became deeper than expected with a low at 1.6196, but it seems to be over. A break above minor resistance at 1.6365 and more importantly a break above resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:54
Elliott Wave Analysis of EUR/JPY for April 29 - 2016 Wave summary: It has become a "Make it or break it" time. The low at 121.69 should be able to protect the downside, or our count will be wrong and will have to be ajusted. We will be looking for a break above minor resistance at 122...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:51
USD/JPY: 107.00 Gives Way, What's Next? USD/JPY has seen a break through 107.00 at the London open, although no much follow through has been experienced so far, despite the momentum being clearly in favour of the bears, with some chatter that GPIF-related bids are resting sub 107 down to 106.70...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:48
Daily Analysis of Major Pairs for April 29, 2016 EUR/USD: The perpetual rally on the EUR/USD has resulted in a more vivid threat to the present bearish bias in the market...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:43
EUR/USD Breaks 1.14 Handle, Battle to Accept Prices Above EUR/USD has taken off at the London open, breaking the 1.14 handle decisively, which has resulted in a new day high of 1.1415, with focus now on the next target for the bulls at 1.1450, should they manage to hold price above the 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:36
GBP/USD Moves Above 1.4650, Bulls in Control The GBP/USD continues to scale higher and is now trading at 3-month high level near 1.4650, heading for third consecutive week and second consecutive month of of gains. The pair is now in the vicinity of testing Feb. high of 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:34
Sterling Futures Show Bulls committed for a 1.4650 Breakout Preliminary data from the CME Group shows that futures traders continue to add new long-sided business in the 6G contract (GBP/USD) this week, as the Sterling heads towards 1...
Analytics & Forecasts
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Roberto Jacobs, 29 April 2016, 09:33
CAD: Setting up for Real GDP – TDS Research Team at TDS, suggests that following a sizzling start to the year which saw activity grow at the fastest pace since July 2013, the Canadian economy is likely to stall in February with real industry-level GDP forecast to remain unchanged from the prior m...
Market News
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Roberto Jacobs, 29 April 2016, 09:29