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Crude Oil (WTI) (K6) Intraday: rebound in sight. Prev Top Pivot: 39.50 Most Likely Scenario: long positions above 39.50 with targets @ 40.76 & 41.54 in extension. Alternative scenario: below 39.50 look for further downside with 38.44 & 37.60 as targets...
Crude Oil
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Mohammad Soubra, 20 April 2016, 12:37
Technical Analysis of USD/CAD for April 20, 2016 General overview for 20/04/2016: The wave (c) bottom might be in place, however the alternative count is still indicating a possible wave alt: iv in progress right now. The bulls would have to break out above the level of 1...
Technical Analysis of USDX for April 20, 2016 The Dollar index made the deep correction I've been expecting and we should now see a bullish reversal. For this to be confirmed, we first need a break above 94.80 and then above 95.20...
Daily economic digest from Forex.ee Stay informed of the key economic events Wednesday, April 20th GBP/USD is losing ground after 3-week tops at 1.4419, as the greenback is seen recovering some ground and market participants seem biased to some profit taking as well...
Analytics & Forecasts
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EEAnalytics, 20 April 2016, 12:29
Technical Analysis of Gold for April 20, 2016 Gold bounced yesterday towards resistance of $1,260 and got rejected as the price hit the upper triangle boundary. This rejection is a bearish sign...
Technical Analysis of USD/CHF for April 20, 2016 USD/CHF is expected to trade with a bearish bias as key resistance is at 0.9645. Technically, the pair remains under pressure below its falling 50-period moving average, which plays a strong resistance role since April 18, 2016...
Technical Analysis of NZD/USD for April 20, 2016 NZD/USD is expected to trade with further gains. The pair remains on the upside, backed by its rising 20-period and 50-period moving averages...
FxWirePro: EUR/NOK Fails to fall Below 9.2127, Good to Buy on Dips EUR/NOK is currently trading at 9.2470 levels. It made intraday high at 9.2653 and low at 9.2121 levels. Intraday bias remains bullish till the time pair holds key support level at 9.2127...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:18
AUD/USD Recovers Sharply to Move Back Above 0.7800 Handle As oil prices stabilized AUD/USD recovered sharply from early morning lows of 0.7767 and moved back above 0.7800 mark, erasing all of its early morning losses and trade with some marginal gains...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:14
USD/JPY Now Looks to Consolidate Around 109.00 The Japanese currency is giving away part of the recent gains vs. the greenback, with USD/JPY currently gyrating around the 109.00 handle...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:12
In our yesterday's post we stated that USD/JPY might have bottomed and that higher targets should be reached during this possible 3rd wave. Overnight USD/JPY retraced 38.2% of the rally and after ... Read More...
Analytics & Forecasts
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AynGannRand, 20 April 2016, 12:12 #technical analysis
USD/CHF Drops to Lows Ahead of 0.9600 on Swiss Data The Swiss franc wiped-out losses and jumped back on the bids against its American counterpart in the European session, driving USD/CHF in the red just shy of 0.96 mark. USD/CHF recedes from 0.9620 Currently, the USD/CHF pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:05 #usdchf
USD/CAD Recovery Fizzles as Oil Recovers Amid rising oil prices and weak US housing data, commodity-linked currencies rose sharply against the US Dollar on Tuesday with USD/CAD pair dropping to 1.2630, its lowest level since July 2015. 1...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:04
GBP/JPY Hits Fresh Session Highs, Re-Takes 157 The cross in the GBP/JPY bounces-off daily lows and tries to recover lost ground somewhat following the release of weak UK labour market report. GBP/JPY eyes 157 The GBP/JPY pair now drops 0.23% to 156.87, hitting fresh session highs...
Analytics & Forecasts
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Roberto Jacobs, 20 April 2016, 12:02
As a result of another dash of #GPBUSD in the upward direction, on the eve the cable has reached the resistance line. It should be noted that on the daily chart we observe the formation of "inverted head and shoulders." Find out more by checking out the Source Link...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 20 April 2016, 11:15 #Trading
#Quotes of #Gold continue to drift within a fairly narrow trading range. The trend is upward, so the priority in the future work will be buying from the support line. 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, 20 April 2016, 11:07 #Trading
Falling Wedge has broken through the resistance line at 19-Apr-23:00 2016 GMT. Possible bullish price movement forecast for the next 12 hours towards 1.453. Supporting Indicators : Upward sloping Moving Average Resistance Levels : ( B ) 1.447Last resistance turning point of Falling Wedge...
Charts
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Lahcene Ouled Moussa, 20 April 2016, 10:50
I think the market is turning its direction stocks will go down while Gold and Silver will go up. Why? Silver breakout the neck line of an inverted Head and Shoulder on weekly chart synchronized with the break out of a falling wedge on the monthly chart...
Analytics & Forecasts
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Muhammad Elbermawi, 20 April 2016, 10:49
The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, fell from –1.07% in February to –1.53% in March...
Market News
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Francis Dogbe, 20 April 2016, 10:32
Technical Analysis of GBP/JPY for April 20, 2016 GBP/JPY is expected to trade in an uptrend as the bias remains bullish. The pair remains on the upside and is supported by its rising 50-period moving average. Meanwhile, the relative strength index stays above 50...