Roberto Jacobs / Blog
FxWirePro: EUR/JPY Gains on Broad Yen Weakness, Finds Major Resistance at 124.96 Yen weak across the board on the news that BOJ will discuss negative-rates with banks. EUR/JPY spiked almost 50-pips to hit session highs at 124.95, 124.96 is 50% Fib of 128.22 to 121...
German DAX Opens Lower, Trades Below 10,400 Extending its Thursday's fall from above 10,500 mark on dovish ECB, German DAX 30 index opened lower on Friday and is currently trading below 10,400 level...
EUR/USD Hits Fresh Weekly Lows Near 1.1265 on German PMIs The bulls remained largely unimpressed by the mixed German PMI reports, keeping EUR/USD depressed near session lows below 1.13 handle. EUR/USD eyes 1.1230 next support Currently, EUR/USD trades -0.17% lower at fresh weekly lows of 1...
USD/CAD Clinches Highs Near 1.2740 The US dollar is posting moderate gains vs. its major rivals during the European morning, now sending USD/CAD to daily highs near 1.2740...
GBP/USD Drops Sharply to 1.4330 as EU Stocks Open Lower The recovery in the GBP/USD lost legs near 1.4370 region, sending the prices sharply lower, as the bulls were hit hard by the negative start on the European indices. GBP/USD gives up almost 40-pips The GBP/USD pair trades 0.11% higher at 1...
Technical Analysis of USD/CAD for April 22, 2016 General overview for 22/04/2016: The market is still trading below the neutral zone, but the corrective cycle to the upside might start any time now...
Elliott Wave Analysis of EUR/NZD for April 22 - 2016 Wave summary: We have seen a nice little rally of the 1.6062 low, but the pair is not out of the woods yet. To confirm that a long-term bottom has been seen, a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 22 - 2016 Wave summary: The red wave ii correction turned out to be an expanded flat correction, which tells us to expect an extended rally in red wave iii. This means a rally to at least 127.77 and possibly much higher as red wave iii gathers momentum...
Technical Analysis of EUR/JPY for April 21, 2016 Technical outlook and chart setups: The EUR/JPY pair reversed sharply from 125.00 levels yesterday. The pair is seen to be trading at 123.70 levels for now, looking to produce intraday rallies...