Roberto Jacobs / Blog
Elliott Wave Analysis of EUR/NZD for May 13 - 2016 Wave summary: We continue to see higher highs and higher lows indicating that an uptrend is building (no surprise in that), but we lack upside acceleration, which we think is because a series of wave one's and two's is building and if this is the...
Elliott Wave Analysis of EUR/JPY for May 13 - 2016 Wave summary: With a high seen at 124.65, the first impulsive rally of the 121.46 low topped out just below our ideal target at 124.73. We are now looking for a correction in wave [ii] into the 122.68 - 123...
Daily Forex Fundamental Overview Fundamental Analysis EUR “Today's data and the ongoing weakness of industrial surveys support our view that overall eurozone economic growth is set to slow from 1.5 percent last year to about 1.2 percent this year” - Capital Economics...
EUR/USD Falls Further, Near 1.1330 The common currency keeps on the defensive today, with EUR/USD testing lows in the vicinity of 1.1330. EUR/USD weaker ahead of US data The pair is navigating 2-week lows in the area of 1.1330, intensifying its downside from recent peaks in the 1...
EUR/GBP Awaits Trading Range Break-Out to Confirm Near-Term Direction The EUR/GBP pair remains trapped within a seven-day trading range to currently trade absolutely flat from yesterday’s close at 0.7870. The Euro bulls was not benefited by upbeat German GDP that posted a 0...
Daily Analysis of USDX for May 13, 2016 USDX is currently doing a rebound above the 200 SMA on the H1 chart, and we can see another rally toward the 94.35 level on a short-term basis...
Daily Analysis of GBP/USD for May 13, 2016 On the H1 chart, GBP/USD is still trapped in a range between the 1.4549 and 1.4430 levels, waiting to break some of those levels to reinforce the near-term trend...
AUD/JPY More Bearish Below 80 Yen Level AUD/JPY has been neutral since January, trading between 80 and 86.50. In the short term, pair has turned more bearish, especially after dipping below the key 80 yen mark...
GBP/JPY Faces Strong Support at 156, Break Below, Targets 154.40 Major support -156 (200 day HMA) Major resistance -158.50 GBP/JPY has retreated after making a high of 155.48.It is currently trading around 156.59. Minor weakness can be seen only below 156...