Roberto Jacobs / Blog
Technical Analysis of NZD/USD for May 04, 2016 NZD/USD is expected to trade in a lower range as the key resistance is at 0.6945. The pair remains under pressure below its horizontal resistance at 0.6945. The relative strength index stays below its neutrality area at 50 and lacks upward momentum...
Technical Analysis of GBP/JPY for May 04, 2016 GBP/JPY is expected to trade in a lower range. The pair failed to post a sustainable rebound after its 2% plunge triggered by the Australian central bank's surprise move to cut interest rates by 25 basis points...
Dollar’s Slide Interrupted - SocGen Kit Juckes, Research Analyst at Societe Generale, suggests that the dollar’s slide was interrupted yesterday as angst about the global economy overtook relative real yield trends as the dominant driver...
Technical Analysis of EUR/JPY for May 04, 2016 Technical outlook and chart setups: The EUR/JPY pair seems to have hit initial resistance at 123.35 levels as expected yesterday before pulling back lower. Please note that the pair has reversed from fibonacci 0...
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...