Roberto Jacobs / Blog
Technical Analysis of Gold for April 20, 2016 Technical outlook and chart setups: Gold is seen to be trading at $1,246.00/47.00 levels for now, after having hit $1,256.00 levels yesterday. The metal has reversed from the fibonacci 0.786 retracement level of the drop from $1,262.00 through $1,207...
Elliott Wave Analysis of EUR/NZD for April 20 - 2016 Wave summary: We have seen a new low at 1.6062 which has been followed by a clear loss of momentum, but to confirm that a new low is in place a break above 1.6499 will be needed. As long as resistance at 1...
Elliott Wave Analysis of EUR/JPY for April 20 - 2016 Wave summary: The rally of the 121.69 low has been stronger than expected and displayed impulsive characters indicating that a bottom could be in place. If this is the case, then the coming decline from the 124...
Daily Analysis of USDX for April 20, 2016 The short-term outlook is calling for more weakness, as the USDX is approaching a key bottom around the 93.79 level, but the price zone at 94.08 is blocking the bears' advance...
Daily Analysis of GBP/USD for April 20, 2016 GBP/USD has been trading into a very bullish tone above the support zone of 1.4318, after the Cable made a huge rebound from the 1.4278 level and now it's expected to test the 1.4495 level, only if the GBP/USD does a rally toward the 1.4495 level...
AUD/USD Bullish, Targets 0.7850 – UOB Analysts at UOB Group have shifted their outlook on the pair to bullish, expecting a test of the mid-0.7800s. Key Quotes “AUD exceeded the target indicated at 0.7800 yesterday to touch a high of 0.7827...
Technical Analysis of EUR/USD for April 20, 2016 When the European market opens, some economic news will be released such as the German 10-y Bond Auction, German PPI m/m. The US will release economic data too such as Crude Oil Inventories and Existing Home Sales...
Technical Analysis of USD/JPY for April 20, 2016 In Asia, Japan will release the Trade Balance and the US will release some economic data such as Crude Oil Inventories and Existing Home Sales. So there is a probability the USD/JPY will move with low to medium volatility during this day...
UK Labour Market and US Existing Home Sales in Focus Today – Danske Bank Research Team at Danske Bank, suggests that in the US, existing homes sales for March are due and they look for the recovery of the US housing market to continue...