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Technical Analysis of GBP/JPY for April 21, 2016 GBP/JPY is expected to trade with a bullish bias. The pair stays above its support at 123.35 and is consolidating around its 50-period moving average. Meanwhile, the relative strength index stays above 50...
Technical Analysis of USD/CAD for April 21, 2016 General overview for 21/04/2016: Five waves to the downside are present on the chart, so the corrective cycle to the upside should start any time soon...
Technical Analysis of EUR/JPY for April 21, 2016 General overview for 21/04/2016: The wave 5 top seems to be in place but the alternative count suggest it is only the wave 3 top...
GBP/JPY Faces Major Resistance at 158, Break Above Targets 160/162.50 Is Possible Major resistance- 158 Major support -155.75 (Resistance turned into support) The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:30
USD Weakness Appears Temporary – Westpac Richard Franulovich, Strategist at Westpac, expects pullbacks in the greenback to remain shallow...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:25
AUD/USD: An 0.80s Flashback? - Westpac Sean Callow, Research Analyst at Westpac, suggests that it is hard to escape a feeling of deja vu on AUD/USD in Q2...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:23
EUR/USD a Move to 1.1140 Needs a Break Below 1.1230 – UOB In opinion of analysts at UOB Group, spot needs to break below 1.1230 in order to resume the pullback to the 1.1140 area. Key Quotes “EUR touched a high of 1.1386 yesterday, holding just below the stop-loss for our bearish view at 1.1395”...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:20
Technical Analysis of EUR/USD for April 21, 2016 When the European market opens, some economic news will be released such as the Consumer Confidence, Minimum Bid Rate, Spanish 10-y Bond Auction...
Technical Analysis of USD/JPY for April 21, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Natural Gas Storage, CB Leading Index m/m, HPI m/m, Unemployment Claims, Philly Fed Manufacturing Index...
Daily Analysis of USDX for April 21, 2016 USDX is expected to resume the bearish bias, after it tested the 200 SMA on the H1 chart and it's possible to see another decline toward the support level of 94.08...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:10
Daily Analysis of GBP/USD for April 21, 2016 On the H1 chart, the resistance zone of 1.4401 remains very strong and is pushing the Cable lower, as it has been trading into a bearish mode and maybe it could re-test the 200 SMA on a short-term basis...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:07
GBP/USD Bearish Below 1.4664 – Commerzbank Senior Analyst at Commerzbank Axel Rudolph noted the bearish bias of the pair while below 1.4664. Key Quotes “GBP/USD ran out of steam below the six month downtrend line at 1.4419”. “Above here overhead resistance is intense. It consists of the 1.4457/1...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:03
USD/JPY weaker, Rejected from 110.00 The Japanese currency is marginally up vs. its American peer on Thursday, with USD/JPY navigating a narrow range in the upper-109.00s...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 09:00
USD/JPY Underpinned by 108.50 – UOB The research team at UOB Group sees USD/JPY edging higher while supported by the 108.50 level. Key Quotes “The sharp and rapid drop in USD that started from 113.80 (29 March) is showing signs of slowing down”. “Attempts to move below 108...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:54
USD/CHF Corrects Lower from 3-Week Tops, Near 0.9700 The bulls took a breather from the recent upsurge this Thursday, sending USD/CHF back in the red zone amid a better risk tone and higher oil prices. USD/CHF fails once again near 0.9730 Currently, the USD/CHF pair trades -0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:52 #usdchf
ECB and Riksbank Meetings at the Centre Stage – Danske Bank Research Team at Danske Bank, suggests that the focus today will be on the ECB and Riksbank meetings...
Currency
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Roberto Jacobs, 21 April 2016, 08:49
USD/CAD Under Pressure, near 1.2630 After posting fresh 2016 lows near 1.2590 on Wednesday, USD/CAD has regained traction and managed to retake the 1.2630 area today...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:47
USD/CHF Now Targets 0.9777 – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair could now be headed towards the 0.9780 area. Key Quotes “USD/CHF has risen above its previous April high at .9688 and now targets the 55 day moving average at .9777”...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:44 #usdchf
The #euro is mainly declining against its major competitors. Today the #ECB will announce decisions on interest rates, and later the press conference of #MarioDraghi will be held. In anticipation of these events, #investors are adjusting their positions...
Analytics & Forecasts
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Vistabrokers CIF Ltd, 21 April 2016, 08:38 #Trading, forex
FxWirePro: NZD/CAD Forms Bullish Bat Pattern, Good to Buy at Dips Pattern Formed- Bullish Bat Pattern Potential Reversal Zone (PRPZ)- 0.8780 NZD/CAD has slightly recovered after making a low of 0.8800 level .It is currently trading around 0.88125. The pair’s major intraday resistance is around 0...
Analytics & Forecasts
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Roberto Jacobs, 21 April 2016, 08:22