Roberto Jacobs / Blog
FxWirePro: USD/CNY Hovers Around Key Resistance at 6.4910, a Break Above Targets 6.5182 Pair is currently supported above 6.49 marks and trading around 6.4920 levels. It made intraday high at 6.4937 and low at 6.4740 levels. Intraday bias remains neutral for the moment. A daily close below 6...
EUR/JPY of Highs, Still Close to 125.00 The broad-based JPY weakness is now propelling EUR/JPY to test the 125.00 neighbourhood, challenging weekly tops at the same time. EUR/JPY up on BoJ easing talk After an ephemeral test levels just shy of the 125...
EUR/GBP Bearish Below 0.7992 – Commerzbank According to Axel Rudolph, Senior Technical Analyst at Commerzbank, the European cross will keep its negative stance while below 0.7992. Key Quotes “EUR/GBP remains below the February high at .7927 and now tests the 55 day moving average at .7858”...
EUR/GBP Falls Out of Rising Channel, Support at 50-DMA EUR/GBP has fallen out of a 5-month rising channel and found support at the 50-day moving average and at the 23.6% Fibonacci level around 0.7850. This retracement level is of the upleg from 0.6981 to 0.8116. (November to April rise...
EUR/GBP Holding Above 0.7850 Mark, Upside Seems Limited Yesterday's Euro weakness was felt in EUR/GBP cross, which extended its downward trajectory earlier during Asian session before recovering to back on better-than-expected German flash manufacturing PMI reading...
FxWirePro: Banxico Ponders Over undervalued Mexican Peso &#150 Hedging Options Over MXN Appreciation Risks According to Banxico Governor Carstens thinks that the Mexican peso is undervalued and has room to appreciate...
FxWirePro: GBP/CAD Bounces Amid Bears Show at 1-Year Lows, Both Leading and Lagging Indicators Signal Robust Bear Trend Despite the handsome recoveries in GBP/CAD from last two days, nothing much has changed to the major trend which is vigorously bearish, the current prices have still remained we...
FxWirePro: Go Long on Usd/zar at 14.30 With Stop Loss at 14.16 and Target of 14.64 Pair is currently trading at 14.35 marks. It made intraday high at 14.36 and low at 14.25 levels. Intraday bias remains bullish till the time pair holds key support level at 14.16 levels. A sustained break below 14...
BTC/USD Hits Two Month High, Jump Till $480/$504 Is Possible BTC/USD breaks major resistance $448 and hits two month high yesterday. The pair has slightly retreated after making a high of $452...