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JPY Strength Likely to Continue – Danske Bank Chief Analyst at Danske Bank Jakob Christensen sees the Japanese currency gathering further traction in the next periods. Key Quotes “The broad USD weakened further following the FOMC decision mid-last week...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:43
There is 68% Probability that EURUSD will close low today or tomorrow ..Why? EURUSD have been rising for the last 5 consecutive trading days. RSI 2 periods is above 95% which is extreme over bought. EURUSD trading begin with an opening gap this week...
Analytics & Forecasts
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Muhammad Elbermawi, 2 May 2016, 09:41
GBP/USD Clinches Highs Near 1.4630 The sterling is now decoupling from the rest of the risk-associated assets on Monday, lifting GBP/USD to daily highs in the 1.4630 area...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:40
Chart: http://bi0l.blogspot.com/2016/05/eurusd-h4-weekly-forecast-2016-05-week1.html Weather (Weekly): Estimated levels of the week: Support (S1-w / S2 / S3 = 1.1283 / 1.1228 / 1.1137), resistance (R1-w / R2 / R3 = 1.1467 / 1.1524 / 1.1615). Key support levels (1st from 1.1307 to 1...
Analytics & Forecasts
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oleksandr bilokon, 2 May 2016, 09:40
Technical Analysis of Silver for May 02, 2016 Technical outlook and chart setups: Silver is seen to be consolidating between $17.70 and $17.90 levels today, after hitting fresh highs at $17.95 levels last week...
Technical Analysis of Gold for May 02, 2016 Technical outlook and chart setups: Gold is seen to be trading above $1,293.00 levels at this moment, consolidating its recent rally. As depicted here, the yellow metal should be heading towards $1,307.00/10...
Technical Analysis of EUR/JPY for May 02, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading higher at 122.24 levels, after hitting lows at 121.45/50 levels last week. The drop from 126.40 levels looks to be an impulse (5 waves). A rally above 123...
Here’s the market outlook for this week:: Content courtesy of Tallinex Limited https://www.tallinex.com EURUSD Dominant bias: Bullish Last week’s upward move of 230 pips has resulted in a Bullish Confirmation Pattern on the 4-hour chart. The resistance line at 1...
Analytics & Forecasts
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1246536 Ernest G., 2 May 2016, 09:14
EUR/USD Futures OI Increased by a Whopping 21K Last Friday Preliminary data from the CME Group shows that futures traders added new business aggressively in the 6E contract (EUR/USD) last Friday, as the Euro broke through a key area of resistance at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:12
Technical Analysis of GBP/CHF for May 02, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped to 1.3917 levels today in early hours trade before pulling back sharply. The pair is trading above 1.4000 levels at the moment, looking to rally towards higher levels...
AUD/USD Retakes 0.7600, Focus on RBA The Aussie dollar is posting moderate gains early in the European morning, pushing AUD/USD once again above the 0.7600 handle. AUD/USD looks to the RBA The pair has recovered some ground after testing recent lows in the mid-0...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:06
EUR/USD Erases Early Gains, Holds Above 1.1450 Ahead of Euro-Zone PMI The EUR/USD pair pared early Asian session gains and moved back to morning opening level of 1.1465 as investors wait to see the final print of Euro-zone PMI figures for the month of April...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:04
Elliott Wave Analysis of EUR/NZD for May 2 - 2016 Wave summary: The very slow start of what we expect is a new major rally to above 1.6833 and much higher is still developing in a slow motion way. That said, we are currently looking for minor support at 1...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 09:00
Elliott Wave Analysis of EUR/JPY for May 2 - 2016 Wave summary: EUR/JPY has broken below the important support at 121.69 (a low has been seen at 121.66). The break below 121.69 does open a window for a decline all the way to the 117.37 - 117.99 area before the corrective low is finally in place...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:56
Hours for operative EA (true/false). Open_Hour: Hour Open time (0-23). Open_Minute: Minute Open time (0-59). Close_Hour: Hour Close time (0-23). Close_Minute: Minute Close time (0-59...
Trading Ideas
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Vanessa Lopez Lopez, 2 May 2016, 08:56
Technical Analysis of EUR/USD for May 02, 2016 When the European market opens, some economic news will be released such as the Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI, and Spanish Manufacturing PMI...
Technical Analysis of USD/JPY for May 02, 2016 In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI...
Oil Extends Retreat from 2016 Highs on Rising OPEC Output Oil benchmarks on both sides of Atlantic faded a tepid bounce and fell back in the red this Monday, extending its retreat from fresh 2016 tops...
Crude Oil
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Roberto Jacobs, 2 May 2016, 08:49
USD/JPY Recovers a bit, 107.00 Level Eyed for Further Recovery On Monday, the USD/JPY pair has managed to register some minor recovery from 106.00 vicinity to currently trade near 106.55 level...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:47
EUR/USD Could Struggle Near 1.1500 – Commerzbank Axel Rudolph, Senior Technical Analyst at Commerzbank, sees the pair’s upside struggling in the boundaries of 1.1500. Key Quotes “EUR/USD is still rising but now digs into resistance which remains to be seen at the 1.1465/95 April and October peaks...
Analytics & Forecasts
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Roberto Jacobs, 2 May 2016, 08:45