Roberto Jacobs / Blog
FxWirePro: EUR/USD Faces Strong Support at 1.1250, Good to Buy at Dips Major support – 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225...
FxWirePro: NZDJPY Faces Stiff Resistance at 73.80, Good to Buy Breakout Above NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73...
FxWirePro: AUD/CAD Holds Above 78.6% Fib, Focus on RBA Minutes AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Friday's trade, which supports upside. The pair has hit session highs at 0...
FxWirePro: Euro Strengthens Against Swedish Krona, Intraday Bias Remains Bullish EUR/SEK is currently trading around 9.3305 levels. It made intraday high at 9.3316 and low at 9.3045 levels. Intraday bias remains bullish for the moment. A sustained break above 9.33 tests key resistances at 9...
Technical Analysis of USD/JPY for May 16, 2016 USD/JPY is expected to trade with a bullish bias. Last Friday, US stock indices posted another losing session despite encouraging retail sales data (+1.3% month-on-month in April vs +0.8% expected and -0.3% in March...
Technical Analysis of USD/CHF for May 16, 2016 USD/CHF is expected to post some further gains. The pair bounced off its key support at 0.9700 and is likely to challenge its nearest resistance at 0.9795...
Technical Analysis of NZD/USD for May 16, 2016 NZD/USD is expected to trade in a lower range and is currently under pressure. The pair remains on the downside, capped by its falling 20-period and 50-period moving averages. The relative strength index is bearish below its declining trendline...
Technical Analysis of GBP/JPY for May 16, 2016 GBP/JPY is under pressure. The pair is accelerating on the downside after breaking below 157.15, which should now play a key resistance role. Meanwhile both 20-period and 50-period moving averages are descending and maintain a bearish bias...
Technical analysis of Silver for May 16, 2016 Technical outlook and chart setups: Silver dropped lower to $16.80 levels on Friday before pulling back. The metal is trading higher at $17.30 levels at this moment, expected to face resistance at $17.50 levels. Please note that $17...