Roberto Jacobs / Blog
GBP/USD Bounces Off 1.4620 Ahead of US GDP The sterling is trading on a bearish fashion today, with GBP/USD around 1.4650 after dropping to 1.4620. GBP/USD weaker pre-GDP Spot is retreating further at the end of the week following recent ‘double-tops’ in the vicinity of 1...
USD/CAD Bounces Higher to 1.3050 as Oil Sell-Off Extends The US dollar fought back the bids from its Canadian counterpart in the European session, with USD/CAD having brought an end to its three-day decline. USD/CAD extends beyond 1.3000 Currently, the USD/CAD pair jumps +0...
USD/JPY a Test of 108.45 Not Ruled Out – Commerzbank In view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair could slip towards the 108.45 level. Key Quotes “USD/JPY continues to back away from the 55 day ma and currently we remain unable to rule out a slide to 108.45”...
EUR/SEK Flirting With Highs Near 9.2800 The Swedish krona is depreciating further vs. the euro today, with EUR/SEK now advancing to daily highs near 9.2800 the figure...
EUR/USD Holding 100-DMA Support, US GDP to Provide Further Cues The EUR/USD pair remained on back-foot but has managed to hold its neck above 100-day SMA support and is currently trading at 1.1182 level as market now awaits for fresh impetus from US GDP print...
Elliott Wave Analysis of EUR/NZD for May 27, 2016 Wave summary: We are still looking for a break above minor resistance at 1.6715 to confirm that a corrective low is in place at 1.6424 and a new impulsive rally to 1.6931 and 1.7223 is developing on the way higher to the 1.8420 target...
Technical Analysis of USD/JPY for May 27, 2016 USD/JPY is expected to trade with a bullish bias. Overnight U.S. indexes were little changed after rallying 2% over the prior two sessions. The Dow Jones Industrial Average eased 0...
Elliott Wave Analysis of EUR/JPY for May 27 - 2016 Wave summary: We are still looking for a break above the resistance at 123.12 to confirm that a corrective low was seen at 122.23 and a new impulsive rally to 124.65 and above is developing. Short-term support is seen at 122...
Technical Analysis of USD/CHF for May 27, 2016 USD/CHF is expected to trade with a bearish bias. The pair stays below its key resistance at 0.9925 and looks for choppy price action with a bearish bias...