Roberto Jacobs / Blog
Elliott Wave Analysis of EUR/NZD for April 21 - 2016 Wave summary: We are looking for a confirmation that a bottom is in place at 1.6062. A break above minor resistance at 1.6266 will be a good start, but to confirm the low, we need a break above resistance at 1.6499...
Elliott Wave Analysis of EUR/JPY for April 21 - 2016 Wave summary: Our preferred count remains that an important bottom was seen at 121.69 and a new impulsive rally to above 149.55 is developing. The rally of the 121.69 low to 124.40 was wave i and wave ii is currently unfolding...
Technical analysis of USD/CHF for April 21, 2016 USD/CHF is expected to trade in a higher range as the pair is trading with a bullish bias. The pair posted a strong rebound yesterday, and is now supported by its ascending 20-period and 50-period moving averages...
Technical Analysis of NZD/USD for April 21, 2016 NZD/USD is expected to trade with a bearish bias. The pair reversed down and is now trading within a declining channel. Both the 20-period and 50-period moving averages are also turning down, calling for further consolidations...
Technical Analysis of GBP/JPY for April 21, 2016 GBP/JPY is expected to trade with a bullish bias. The pair stays above its support at 123.35 and is consolidating around its 50-period moving average. Meanwhile, the relative strength index stays above 50...
Technical Analysis of USD/CAD for April 21, 2016 General overview for 21/04/2016: Five waves to the downside are present on the chart, so the corrective cycle to the upside should start any time soon...
Technical Analysis of EUR/JPY for April 21, 2016 General overview for 21/04/2016: The wave 5 top seems to be in place but the alternative count suggest it is only the wave 3 top...
GBP/JPY Faces Major Resistance at 158, Break Above Targets 160/162.50 Is Possible Major resistance- 158 Major support -155.75 (Resistance turned into support) The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45...
USD Weakness Appears Temporary – Westpac Richard Franulovich, Strategist at Westpac, expects pullbacks in the greenback to remain shallow...