Roberto Jacobs / Blog
FxWirePro: USD/JPY Extends Range Trade, Struggles at the 107 Handle ahead of NFP USD/JPY is confined in a 38-pips narrow range, extends subdued trade as markets await crucial NFP data. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
Technical Analysis of Silver for May 06, 2016 Technical outlook and chart setups: Silver turned lower from $17.60 levels yesterday after facing the back side of the trendline, which is resistance now. The metal had earlier bounced off fibonacci 0.618 support around $17...
Technical Analysis of Gold for May 06, 2016 Technical outlook and chart setups: Gold has formed yet another low at $1,270.00 levels yesterday before pulling back higher again. The yellow metal is seen to be trading at $1,278.00 levels at this moment, looking to rally further towards $1,307...
Technical Analysis of EUR/JPY for May 06, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped a bit lower from yesterday's range and is now trading at 122.20 levels. Please note that the pair remains bullish in the short term and the probability is towards 124...
Elliott Wave Analysis of EUR/NZD for May 6 - 2016 Wave summary: EUR/NZD is still trying every dirty trick in the playbook to wipe us out. With a quick and deeper than expected correction to 1.6479, the next strong rally should now be expected for a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for May 6 - 2016 Wave summary: This cross is doing nothing at the moment. Is a bottom building? Or is it just at consolidation before more downside pressure is seen? The failure to rally will normally have us call for more downside towards 117...
Technical Analysis of GBP/CHF for May 06, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at this moment, looking to continue rallying towards 1.4709 levels going forward...
AUD/JPY Slammed Below 79.00 Level The Australian Dollar fell across the board after the release of RBA Quarterly Statement on Monetary Policy that showed central bank's readiness to cut interest rates further. Immediately after the release, the AUD/JPY pair dropped to its lowest level since Feb...
GBP/USD Trims Losses, Eyes 1.4500 The now softer tone in the greenback has helped GBP/USD to erode initial losses and trade closer to the 1.4500 barrier. GBP/USD focus on Payrolls Spot has recovered the smile after bottoming out in the mid-1...