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Gold Forms Head and Shoulder Pattern, Break Below $1213 Targets $1160/$1140 Pattern Formed- Head and Shoulder Pattern Neck line - $1213 Gold has formed clear Head and Shoulder pattern with Head at year high around $1284.40 with left shoulder around $1263 and right shoulder around same level $1262...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 09:27
Technical Analysis of EUR/USD for April 15, 2016 When the European market opens, some economic news will be released such as the eurozone's Trade Balance and Italian Trade Balance...
Technical Analysis of USD/JPY for April 15, 2016 TODAY'S TECHNICAL LEVELS: Resistance. 3: 110.19. Resistance. 2: 109.97. Resistance. 1: 109.76. Support. 1: 109.49. Support. 2: 109.27. Support. 3: 109.06. The material has been provided by InstaForex Company - www.instaforex.com...
Technical Analysis of NZD/USD for April 15, 2016 NZD/USD is under pressure below 0.6920. Technically, the pair remains capped by its falling 50-period moving average and is likely to post new weaknesses. The relative strength index is below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for April 15, 2016 GBP/JPY is expected to trade with a bearish bias. The pair is heading lower and stays below its key resistance at 155.75. Meanwhile, the relative strength index lacks upward momentum...
Technical Analysis of GBP/CHF for April 15, 2016 Technical outlook and chart setups: The GBP/CHF pair has rallied higher and seems to have formed a meaningful bottom around 1.3380 levels. The pair is trading at 1.3690 levels at the moment, looking to drop lower towards 1...
USD/JPY Surrenders Gains, Eyes Hourly 50-MA Having surrendered gains, the USD/JPY pair now trades around 109.40 levels and has its eyes set on hourly 50-MA located at 109.31 levels...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 09:11
EUR/USD: Bears Guarding 1.1270 Barrier, EZ Trade Data Eyed The EUR/USD pair remains side-lined in the European morning, having failed several attempts to surpass 1.1270 barrier. EUR/USD stuck in 20-pips tight range Currently, EUR/USD trades almost unchanged at 1.1263, facing strong offers near 1...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 09:08
Technical Analysis of EUR/JPY for April 15, 2016 General overview for 15/04/2016: The first impulsive wave to the downside might be in place, so now the bulls cannot break above the level of 123.85...
US: Finding the Turning Point – ANZ Research Team at ANZ, suggests that despite the strengthening US labour market – initial jobless claims (at 253k) are at a 42 year low and real labour earnings growth is strengthening – signs of a definitive firming trend in US inflation remain elusive...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 09:02
Technical Analysis of USD/CAD for April 15, 2016 General overview for 15/04/2016: The wave (b) blue top might now be in place as the yellow rectangle area was hit yesterday. When the top for wave (b) is in place, then a downtrend should continue for at least one more wave...
JPY: Equity Flows Could Turn After Stimulus - Nomura Research Team at Nomura, suggests that the recent equity flows are likely JPY positive, which could turn after stimulus...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:56
Technical Analysis of Silver for April 15, 2016 Technical outlook and chart setups: Silver is trading at $16.17 levels for now after hitting lows at $15.89 levels yesterday. The metal bulls seem to be poised to take out $16.35 levels before producing a meaningful retracement...
Technical Analysis of Gold for April 15, 2016 Technical outlook and chart setups: Gold is consolidating its drop from $1,262.00 levels at the moment. The metal is trading at $1,229.00 levels for now and seems to have completed its first leg down. The metal is expected to face resistance at $1,248...
USD/CHF Aases-Off Two-Week High in Sync with USD Index The USD/CHF pair ran through offers near 0.9680 region and now turns negative as the spot mirrors the greenback’s moves against its major rivals. USD/CHF flat-lined above 0.9660 Currently, the USD/CHF pair trades modestly flat at 0...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:49
Oil Steadies Ahead of Producers Meeting Oil prices at both sides of the Atlantic were trading steady as investors turned cautious ahead of OPEC and non-OPEC meeting planned over the weekend. At the time of writing, Brent was up 13 cents at $44/barrel. WTI was up 16 cents at $41.66/barrel...
Crude Oil
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Roberto Jacobs, 15 April 2016, 08:48
Elliott Wave Analysis of EUR/NZD for April 15 - 2016 Wave summary: After the strong rally of the 1.6244 low, we saw a rally to 1.6492 followed by a corrective decline to 1.6302 and we are now looking for a break above minor resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:45
Elliott Wave Analysis of EUR/JPY for April 15 - 2016 Wave summary: With a low at 122.70, EUR/JPY failed to make a new low below 122.54 indicating either a fifth wave failure or that a more complex correction is unfolding in red wave [iv]. We will continue to look for resistance at 123...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:42
EUR/USD Pullbacks Limited Near 1.1140 – UOB The research team at UOB Group remains bearish on the pair, although bearish moves should meet support around 1.1140. Key Quotes “We turned bearish EUR yesterday and there is no change to the view”...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:39
USD/CAD Keeps Lows Near 1.2800 After a failed attempt to break above the 1.2900 handle on Thursday, USD/CAD has resumed its down move and is now testing lows near 1.2800 the figure. USD/CAD focus on oil, data CAD has managed to regain the upside momentum vs...
Analytics & Forecasts
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Roberto Jacobs, 15 April 2016, 08:27