Roberto Jacobs / Blog

BB_OsMA indicator is a Forex indicator for MetaTrader 5. BB_OsMA indicator is the OsMA indicator in the form of spheroid, with a deviation as the upper and lower bands. Update: version "1.00" @ 2024/02/19 The program has not been updated for too long and is no longer working properly...

Chart of the Day – EUR/GBP Euro/Sterling has been trading broadly in a range (albeit with a mild upside bias) for the past few months since the huge volatility in the immediate aftermath of Brexit began to subside...

USDJPY Daily Forecast: September 13 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 101.56 and hit 101.41 earlier today in Asian session. The bias is bearish in nearest term testing 101.15...

USDCHF Daily Forecast: September 13 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Immediate resistance is seen around 0.9750. A clear break above that area could trigger further bullish pressure testing 0.9800 or higher...

EURUSD Daily Forecast: September 08 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bullish in nearest term testing 1.1350 which is a good place to sell with a tight stop loss. Immediate support is seen around 1.1225/00...

GBPUSD Daily Forecast: September 08 2016 GBPUSD Forecast The GBPUSD failed to continue its bullish momentum yesterday bottomed at 1.3319. The bias is neutral in nearest term probably with a little bearish bias testing 1.3250 support area. Immediate resistance is seen around 1.3375...

USDJPY Daily Forecast: September 08 2016 USDJPY Forecast The USDJPY attempted to push lower yesterday bottomed at 101.20 but closed higher at 101.72. The bias remains bearish in nearest term testing 100.70 area as a part of the false break (above 104.00) bearish scenario...

USDCHF Daily Forecast: September 08 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains bearish in nearest term as a part of the bearish scenario after broke below the bullish channel as you can see on my H1 chart below, testing 0.9600 – 0...

FxWirePro: USD/CAD Faces Strong Support at 21 Day MA, Good to Sell on Rallies Major support- 1.2865 (21 day MA) Major resistance – 1.3033 (200 day MA) USD/CAD has broken major support 1.2899 (daily Kijun-Sen) and declined till 1.28650 at the time of writing. It is currently trading around 1.28721...

Technical Analysis of USD/CAD fo July 4, 2016 General overview for 04/07/2016: The corrective cycle to the downside is still in progress and there is one more wave needed to complete the pattern. The projected target for wave c of the wave (ii) is at the level of 1...