Roberto Jacobs / Blog
USD/CAD Ranging Below 1.2700 Mark The USD/CAD pair gave up majority of its Monday's gain and since then has been trading indecisively within a narrow trading range ahead of the very important FOMC meeting outcome...
FxWirePro: EUR/GBP Rangebound, Price Action capped Within Daily Cloud EUR/GBP under pressure near 0.7770 region, trades a tight range into the European session...
FxWirePro: CAD/JPY Faces Strong Resistance at 88.68, Good to Sell on Rallies Major resistance- 88.68 (200 day MA) The pair has made a high of 88.36 yesterday and declined from that level. It is currently trading around 87.51. Short term trend is slightly bearish as long as resistance 88.70 holds...
FxWirePro: USD/CNY Remains Wells supported Above 6.49, Intraday Bias Remains Bullish Pair is currently supported above 6.49 marks and trading around 6.4933 levels. It made intraday high at 6.5030 and low at 6.4900 levels. Today PBOC sets Yuan mid-point at 6.4882 / dollar vs last close 6.4945...
FxWirePro: GBP/JPY Struggles to Break Below 160, Good to Buy at Dips Major resistance -162.60 Major support – 160 The pair has recovered yesterday after making a low of 160.01. It is currently trading around 160.75. Short term trend is still bullish as long as support 160 holds...
FxWirePro: AUD/USD Struggles at 0.77 Handle, Bias Lower Charts show scope for some downside in AUD/USD, but fundamentally it is difficult to argue for AUD downside. Rally in iron ore and steel prices, plus by oil’s resilience, argues for an extension of existing AUD speculative longs...
FxWirePro: US Oil Breaks Major Support at $43, Good to Sell on Rallies Major support - $43 Major resistance - $44.50 US oil has broken major support $43 and declined till $42.56 yesterday. It is currently trading around $42.86...
Oil: Recovery Loses Steam Ahead of API Report, FOMC Oil benchmarks on both sides of Atlantic stalled the rebound seen in the Asian session and fell back in the red zone as focus now shifts towards the weekly supplies reports and FOMC verdict...
NZD/USD Retests 0.6880 Support Turned Immediate Resistance Level Adding on to Monday's minor recovery, the NZD/USD pair has been steadily climbing higher and is inching closer to 0.6900 mark to currently trade around 0.6880 level...