Roberto Jacobs / Blog
USD/CAD Testing 6-Week Highs Near 1.3160 The US dollar extends its upward trajectory against its Canadian counterpart for the fifth straight session this Monday, with USD/CAD now targeting 1.32 handle amid persistent weakness in oil prices. USD/CAD supported at 1...
EUR/JPY Drops Below 123.00 to Lower End of Trading Range The EUR/JPY pair's downfall continues to gain momentum and has now dragged the pair back below 124.00 handle towards the lower end of its recent trading range...
GBP/USD Turns Negative Near 1.4500, Brexit Concerns Weigh The GBP/USD pair is seen reversing gains and reverts towards 1.45 handle as concerns over Brexit returned to markets and weighed down on the British pound. GBP/USD inches back towards 20-DMA at 1...
EUR/USD Forecast: Ready to Break Lower The market started in slow motion this week, with a quiet Asian session keeping majors within familiar ranges, although the greenback edged modestly lower against most of its rivals...
WTI Bouncing off $47.60, Supply Glut Weighs The barrel of West Texas Intermediate is looking to extend the rebound from earlier lows in the $47.70/65 band, currently trading closer to the $48.00 mark...
FxWirePro: US Oil Declines on Oversupply Concerns, Good to Sell on Rallies Pattern Formed – Shooting Star Major resistance- $49.35 (161.8% retracement of $46.79 and $42.90) US oil has declined after making a high of $49...
FxWirePro: South African Rand Erases Previous Loss Against US Dollar, Down Side Limited USD/ZAR is currently trading around 15.5382 levels. It made intraday high at 15.6421 and low at 15.5203 levels...
Technical Analysis of Silver for May 23, 2016 Technical outlook and chart setups: Silver has just hit another low at $16.29 levels, and should find support around $16.00 levels going forward. Please also note that fibonacci 0.618 support level of rally between $14.80 and $18...
Technical Analysis of Gold for May 23, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,252.00/53.00 levels, testing its trend line support again. The metal seems to be looking to drop lower around $1,242.00 levels and complete its correction, before turning bullish again...