Roberto Jacobs / Blog
Technical Analysis of Silver for May 24, 2016 Technical outlook and chart setups: Silver is also seen to be trading lower at $16.28 level at this moment, and it is expected to find support at $16.00 level. Please note that fibonacci 0.618 support is also at $16...
Technical Analysis of Gold for May 24, 2016 Technical outlook and chart setups: Gold is seen to be trading lower at $1,245.00/46.00 levels for now, just below the trend line support as depicted here. Please note that the metal is still holding fibonacci 0...
Technical Analysis of USD/JPY for May 24, 2016 USD/JPY is expected to continue its downside movement. Overnight U.S. indexes dipped in light trading volume, dragged by utilities shares...
Technical Analysis of USD/CHF for May 24, 2016 USD/CHF is expected to trade with a bullish bias. The pair failed to break its nearest resistance at 0.9925 yesterday and is currently posting some consolidations...
Technical Analysis of NZD/USD for May 24, 2016 NZD/USD is expected to trade in a lower range as a bias remain bullish. The pair has struck against its key resistance at 0.6670 yesterday, and is turning down...
GBP/USD Volatile Below 1.4600 Post-BOE Carney Having spiked just ahead of 1.46 handle post BOE MPF annual report release, the GBP/USD pair slipped back below the last, falling as low as 1.4565, before recovering ground last minutes. GBP/USD re-takes 1.4600? Currently, GBP/USD jumps +0.70% to 1...
EUR/USD Still Eyes 1.18 in 12-Month – Danske Bank Analyst at Danske Bank Kristoffer Lomholt believes the pair could edge higher towards 1.18 in a year’s view. Key Quotes “We still look for some more short-term EUR/USD downside on cleaner positioning and the cyclical picture favouring the US”...
Further Rangebound Seen in AUD/USD – UOB The research team at UOB Group believes the Aussie dollar could extend its consolidative pattern between 0.7150 and 0.7350 in the next weeks. Key Quotes “In line with expectation, AUD rebounded to test the 0.7260 resistance (exact high of 0...
Technical Analysis of EUR/JPY for May 24, 2016 Technical outlook and chart setups: The EUR/JPY pair is trading at intraday lows at 122.50 level at this moment, and should be setting up for a continued drop lower below 121.40 level going forward. The pair had reversed from fibonacci 0...