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Bulls in #USDJPY seized the initiative, taking #quotes to the medium-term downtrend line. Currently it is tested, and #trend indicators record the presence of the short-term upward trend. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 22 April 2016, 11:19 #Trading
Mario #Draghi has done his work – yesterday it was a hot day for the #euro. #EURUSD have tested the support line of the medium-term upward trend, and, depending on the further dynamics we'll take further decisions. Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 22 April 2016, 11:15 #Trading
Risk assets continue to perform well, where the short term improvement in Chinese data and commodity bounce have encouraged investors to put money back to work – particularly in EM. Sovereign issuers have been quick to take advantage of this window, with Argentina’s US$16...
Analytics & Forecasts
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Batur Asmazoglu, 22 April 2016, 11:11
EUR/JPY of Highs, Still Close to 125.00 The broad-based JPY weakness is now propelling EUR/JPY to test the 125.00 neighbourhood, challenging weekly tops at the same time. EUR/JPY up on BoJ easing talk After an ephemeral test levels just shy of the 125...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:51
EUR/GBP Bearish Below 0.7992 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the European cross will keep its negative stance while below 0.7992. Key Quotes “EUR/GBP remains below the February high at .7927 and now tests the 55 day moving average at .7858”...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:49
EUR/GBP Falls Out of Rising Channel, Support at 50-DMA EUR/GBP has fallen out of a 5-month rising channel and found support at the 50-day moving average and at the 23.6% Fibonacci level around 0.7850. This retracement level is of the upleg from 0.6981 to 0.8116. (November to April rise...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:46
EUR/GBP Holding Above 0.7850 Mark, Upside Seems Limited Yesterday's Euro weakness was felt in EUR/GBP cross, which extended its downward trajectory earlier during Asian session before recovering to back on better-than-expected German flash manufacturing PMI reading...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:42
FxWirePro: Banxico Ponders Over undervalued Mexican Peso &#150 Hedging Options Over MXN Appreciation Risks According to Banxico Governor Carstens thinks that the Mexican peso is undervalued and has room to appreciate...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:39
FxWirePro: GBP/CAD Bounces Amid Bears Show at 1-Year Lows, Both Leading and Lagging Indicators Signal Robust Bear Trend Despite the handsome recoveries in GBP/CAD from last two days, nothing much has changed to the major trend which is vigorously bearish, the current prices have still remained we...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:35
FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64 Pair is currently trading at 14.35 marks. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break below 14...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:32
BTC/USD Hits Two Month High, Jump Till $480/$504 Is Possible BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:30
FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited EUR/SEK is currently trading around 9.1926 levels. It made intraday high at 9.1944 and low at 9.1787 levels. Intraday bias remains neutral for the moment. A daily close above 9.2050 will test key resistances at 9.2630/9...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:28
FxWirePro: EUR/JPY Gains on Broad Yen Weakness, Finds Major Resistance at 124.96 Yen weak across the board on the news that BOJ will discuss negative-rates with banks. EUR/JPY spiked almost 50-pips to hit session highs at 124.95, 124.96 is 50% Fib of 128.22 to 121...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 10:04
German DAX Opens Lower, Trades Below 10,400 Extending its Thursday's fall from above 10,500 mark on dovish ECB, German DAX 30 index opened lower on Friday and is currently trading below 10,400 level...
Market News
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Roberto Jacobs, 22 April 2016, 10:01
EUR/USD Hits Fresh Weekly Lows Near 1.1265 on German PMIs The bulls remained largely unimpressed by the mixed German PMI reports, keeping EUR/USD depressed near session lows below 1.13 handle. EUR/USD eyes 1.1230 next support Currently, EUR/USD trades -0.17% lower at fresh weekly lows of 1...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 09:58
USD/CAD Clinches Highs Near 1.2740 The US dollar is posting moderate gains vs. its major rivals during the European morning, now sending USD/CAD to daily highs near 1.2740...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 09:56
GBP/USD Drops Sharply to 1.4330 as EU Stocks Open Lower The recovery in the GBP/USD lost legs near 1.4370 region, sending the prices sharply lower, as the bulls were hit hard by the negative start on the European indices. GBP/USD gives up almost 40-pips The GBP/USD pair trades 0.11% higher at 1...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 09:53
Technical Analysis of USD/CAD for April 22, 2016 General overview for 22/04/2016: The market is still trading below the neutral zone, but the corrective cycle to the upside might start any time now...
Elliott Wave Analysis of EUR/NZD for April 22 - 2016 Wave summary: We have seen a nice little rally of the 1.6062 low, but the pair is not out of the woods yet. To confirm that a long-term bottom has been seen, a break above minor resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 09:46
Elliott Wave Analysis of EUR/JPY for April 22 - 2016 Wave summary: The red wave ii correction turned out to be an expanded flat correction, which tells us to expect an extended rally in red wave iii. This means a rally to at least 127.77 and possibly much higher as red wave iii gathers momentum...
Analytics & Forecasts
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Roberto Jacobs, 22 April 2016, 09:43