Roberto Jacobs / Blog
Elliott Wave Analysis of EUR/NZD for April 18 - 2016 Wave summary: We continue to look for support at 1.6229 being able to protect the downside for a clear break above 1.6492 that will call for a continuation higher to 1.6830 and above. Only an unexpected break below 1...
Elliott Wave Analysis of EUR/JPY for April 18 - 2016 Wave summary: On Friday, we saw a failure to break clearly below 122.54 indicating that a fifth wave failure has been seen for red wave [v] and red wave [iii]. However, we expected resistance at 123...
Crude Oil Likely to Give Back Gains as DOHA Talk Fails - TDS Research Team at TDS, suggests that with the oil market not getting a production freeze in DOHA, it is likely that crude oil gives back most of the gains made in recent days...
GBP/USD Attempting a Break Below Hourly 200-MA GBP/USD is on a weak footing amid oil driven risk-off in the markets, now attempting a break below 1.4164 (hourly 200-MA + hourly 50-MA + 23.6% of 1.5230-1.3835...
Daily Analysis of USDX for April 18, 2016 USDX is finding dynamic support above the 200 SMA, but the overall structure is bearish, as the price action is favoring the lower low pattern formations on a short-term basis. A breakout below the 94.40 level will expose the Index towards the 94...
Daily Analysis of GBP/USD for April 18, 2016 The pair is trying to ride a bullish trend above the 200 SMA on the H1 chart, but it seems it could restart the overall bearish bias toward the 1.4108 level. If a breakout happens below there, then we can expect another decline to the April 6th lows...
RBNZ Cycle Low for the OCR will be 1.88% - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that the NZ market pricing for the RBNZ’s OCR low has stabilised, now implying the cycle low for the OCR will be 1.88% (from 1.82% last week...
EUR/USD Surrenders Gains, Back to 1.1280 EUR/USD has abandoned the area of daily highs above the 1.1300 handle, slipping back towards the 1.1285/80 band ahead of the opening bell in Euroland. EUR/USD focus on risk trends The pair could not sustain the earlier advance beyond the 1...
EUR/GBP Rises Further to Test 20-DMA, Near 0.7970 The offered tone surrounding the pound keeps growing bigger as we head into the European morning, sending EUR/GBP to fresh session highs in the upper band of 0.79 handle...