Roberto Jacobs / Blog
USD/CHF Climbs to Session High, Eyeing 0.9750 to Confirm Further Up-Move The USD/CHF pair maintained its bid tone through early European session and has gained traction in last one hour, lifting the pair to session peak level of 0.9735...
GBP/USD Sell-Off Resumes, Breaches 1.44 Handle The recovery in the GBP/USD pair lost legs just ahead of hourly 100-SMA, and resumed the ongoing downward momentum amid rising demand for the greenback across the board...
US Retail Sales to Guide USD trading On Thursday, USD trading remained technical in nature and confined to relatively tight ranges. Nevertheless, the dollar performed reasonably well given the lacklustre global sentiment...
Buy #NZDJPY | Current Sentiment Our trade call earlier in the week was to buy NZDJPY around 74.15, with a stop-loss at 72.40 and a target of 75.70...
Macro Events & News FX News Today European Outlook: Risk aversion is picking up, with stock markets continuing to head south in Asia, oil prices down and save haven assets rising. The EUR is little changed against the dollar...
Dow Jones $DJIA Elliottwave Structure Looking for Extension Lower Short term Elliottwave structure suggests wave “b” is proposed over at 18173.54. Decline from there is unfolding as a double three structure where wave (W) ended at 17580.38 and wave (X) bounce ended at 17934.61...
Cycle Trading: Awaiting Cycle Low Confirmation Stocks printed a bullish reversal on Friday, day 58. That was deep in its timing band for a daily cycle low. While stocks did close above the upper daily cycle band on Tuesday, we are still waiting on confirmation for the new daily cycle...
Copper - We Look to Sell at 21000 Copper - We look to Sell at 21000 (stop at 21200) Copper - Price action has posted a bearish Outside Day and is negative for short-term sentiment. Trades at the most negative level since 07/04/16. Little net movement overnight...
EUR/USD Remains Vulnerable – Commerzbank In light of the recent price action, the pair is poised to remain under pressure, suggested Karen Jones, Head of FICC Technical Analysis at Commerzbank. Key Quotes “EUR/USD has started to erode its 2 month uptrend and 20 day ma at 1.1388/72”...