Roberto Jacobs / Blog
Technical Analysis of GBP/CHF for May 04, 2016 Technical outlook and chart setups: The GBP/CHF pair dropped lower yesterday hitting 1.3815/20 levels before pulling back. The pair has dropped beyond our expectations but still remains bullish...
USD/JPY Unable to Extend Recovery, Dips Back Below 107.00 The USD/JPY pair's early Asian session spike to 107.45 got sold into and the pair has now dropped back below 107.00 handle, shattering traders’ expectations of extending Tuesday's recovery...
GBP/USD Bounces Off 1.4520 Ahead of PMI The sterling is posting meagre gains vs. the greenback during the European morning, taking GBP/USD to the area of 1.4540 for the time being. GBP/USD attention to PMI, US releases After climbing to fresh 4-month highs near 1...
EUR/GBP Ticks Below 0.7900 Ahead of UK PMI The EUR/GBP pair dipped marginally below 0.7900 handle as investors now await for the release of UK construction PMI for further trading cues. Tuesday's disappointing UK manufacturing PMI dragged the British Pound lower against most major currencies...
Elliott Wave Analysis of EUR/NZD for May 4 - 2016 Wave summary: We are finally seeing some upside acceleration. We are still and have for a long time now been looking for this acceleration...
Elliott Wave Analysis of EUR/JPY for May 4 - 2016 Wave summary: With the break above short-term resistance at 122.95, the odds favor an important bottom is in place at the 121.66 low. We will now be looking for a new impulsive rally that will ultimately take us back above the 141.06 top...
Technical Analysis of EUR/USD for May 04, 2016 When the European market opens, some economic news will be released such as the French 10-y Bond Auction, Retail Sales m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, Spanish...
Technical Analysis of USD/JPY for May 04, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories, Factory Orders m/m, the ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Prelim Unit Labor Costs q/q, Preli...
Daily Analysis of USDX for May 04, 2016 At H1 chart, USDX made some gains and broke the psychological level of 93.00, as the Index is trying to extend the correction of the decline held from April 22 on a short-term basis. The short-term resistance is located at the 93...