Roberto Jacobs / Blog
EUR/USD a Move to 1.1140 Needs a Break Below 1.1230 – UOB In opinion of analysts at UOB Group, spot needs to break below 1.1230 in order to resume the pullback to the 1.1140 area. Key Quotes “EUR touched a high of 1.1386 yesterday, holding just below the stop-loss for our bearish view at 1.1395”...
Technical Analysis of EUR/USD for April 21, 2016 When the European market opens, some economic news will be released such as the Consumer Confidence, Minimum Bid Rate, Spanish 10-y Bond Auction...
Technical Analysis of USD/JPY for April 21, 2016 In Asia, today Japan will not release any economic data but the US will release some economic data such as the Natural Gas Storage, CB Leading Index m/m, HPI m/m, Unemployment Claims, Philly Fed Manufacturing Index...
Daily Analysis of USDX for April 21, 2016 USDX is expected to resume the bearish bias, after it tested the 200 SMA on the H1 chart and it's possible to see another decline toward the support level of 94.08...
Daily Analysis of GBP/USD for April 21, 2016 On the H1 chart, the resistance zone of 1.4401 remains very strong and is pushing the Cable lower, as it has been trading into a bearish mode and maybe it could re-test the 200 SMA on a short-term basis...
GBP/USD Bearish Below 1.4664 – Commerzbank Senior Analyst at Commerzbank Axel Rudolph noted the bearish bias of the pair while below 1.4664. Key Quotes “GBP/USD ran out of steam below the six month downtrend line at 1.4419”. “Above here overhead resistance is intense. It consists of the 1.4457/1...
USD/JPY weaker, Rejected from 110.00 The Japanese currency is marginally up vs. its American peer on Thursday, with USD/JPY navigating a narrow range in the upper-109.00s...
USD/JPY Underpinned by 108.50 – UOB The research team at UOB Group sees USD/JPY edging higher while supported by the 108.50 level. Key Quotes “The sharp and rapid drop in USD that started from 113.80 (29 March) is showing signs of slowing down”. “Attempts to move below 108...
USD/CHF Corrects Lower from 3-Week Tops, Near 0.9700 The bulls took a breather from the recent upsurge this Thursday, sending USD/CHF back in the red zone amid a better risk tone and higher oil prices. USD/CHF fails once again near 0.9730 Currently, the USD/CHF pair trades -0...