Roberto Jacobs / Blog
Technical Analysis of USD/CAD for April 18, 2016 General overview for 18/04/2016: The wave (b) extended higher during the weekend, but it looks like it was capped around the 50%Fibo at the level of 1.2985...
USD/JPY On its Way to 107.60? – Commerzbank In opinion of Axel Rudolph, Senior Technical Analyst at Commerzbank, the pair seems to be poised to retest the area of 107.60. Key Quotes “USD/JPY is slipping back towards its April low at 107.63. Below 107.63 lies major support – namely 106.63/38...
GBP/JPY Turns Positive, Aims for 154+ Levels GBP/JPY cross turned positive on the day and is now looking to take out offers around 154.00 levels as bid tone around Yen lost steam. Supported by 152.51 Prices turned higher from the low of 152...
USD/CAD Filled the Gap, Back Below 1.2900 The Canadian dollar has gathered further traction today, now dragging USD/CAD back below the 1.2900 key support. USD/CAD fades the spike to 1...
EUR/JPY Stages Solid Comeback From 3-Year Lows The cross in the EUR/JPY caught fresh bid-wave post-European open, with the bulls on their way to fill in the bearish opening gap amid easing risk-off market profile. EUR/JPY recovers almost 1 big figure drop The EUR/JPY pair now loses 0.11% to 122...
GBP/USD: Bulls Conquer 1.4200 Amid Oil Price Recovery The offered tone around the GBP appears to weaken in the European morning, now allowing the recovery in GBP/USD to 1.42 handle, as markets continue to track the oil price action for fresh hints on the major...
FxWirePro: FTSE100 Recovers After Gap down Opening, Good to Sell on Rallies Major resistance -6375 The index has showed a gap down opening in the morning till 6260 and slightly filling up the gap. It is currently trading around 6309. Short term trend is still weak as long as resistance 6375 holds...
FxWirePro: Sugar Faces Strong Support at $13.70, Good to Buy at Dips Major resistance - $14.95 (7 W EMA). Major support - $13.70 (200 day MA) Sugar has made a low of $13.70 and started to recover from that level. It is currently trading around $15.04. Short term jump is possible till $15.4/$16...
FxWirePro: EUR/GBP Finds Strong Trendline Support at 0.7945, Good to Buy Dips EUR/GBP holds above strong trendline support, momentum studies bullish. Upside in the pair has stalled ahead of the 0.80 handle. The pair has hit fresh session highs at 0.7993...