Roberto Jacobs / Blog
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...
Technical Analysis of GBP/CHF for April 22, 2016 Technical outlook and chart setups: The GBP/CHF pair has risen through initial resistance at 1.3950 levels now. Please also note that the pair has broken above its line of resistance as depicted on the daily chart view...
Technical Analysis of Silver for April 22, 2016 Technical outlook and chart setups: Silver finally reversed just ahead of the major resistance at $17.75 levels yesterday. The metal is seen to be trading at $17.15 levels at the moment after printing lows at $16.80/90 levels yesterday...
Technical Analysis of Gold for April 22, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,250.00 levels at the moment after hitting intraday highs at $1,270.00 levels yesterday. Please note that the metal remains in control of bears till prices stay below $1,283.00 levels...
NZD/USD Drops Back to 0.6900 Handle Tracking weakness across other major currencies on Thursday, the NZD/USD pair dropped back to 0.6900 before registering a minor pull-back to 0.6936 early during Asian session. Further downside risk persists below 0...
EUR/USD Headed Towards 1.1230? – Commerzbank Senior Technical Analyst at Commerzbank Axel Rudolph has suggested the possibility that the pair could grind lower to the 1.1230 area. Key Quotes “EUR/USD failed at 1.1400 as expected and now targets its current April low at 1.1234”...
USD/JPY Wants More, in Highs Near 110.60 The Japanese currency is now accelerating its depreciation vs. its American peer, lifting USD/JPY well above the 110.00 handle...