Roberto Jacobs / Blog
Technical Analysis of USDX for April 15, 2016 The Dollar index made a pause in its upward breakout above the downward sloping wedge. The price has reached important short-term resistance levels and a small pullback to re-test the breakout area is justified...
Technical Analysis of Gold for April 15, 2016 Gold is still trading above the $1,190-$1,200 support but bulls also do not show enough strength signs for a move towards $1,300. As long as it trades above $1,190, the price still has some hopes of reaching a new high...
EUR/USD Directionless Around 1.1260, US Data Eyed The single currency is alternating gains with losses at the end of the week, taking EUR/USD to the comfort zone in the mid-1.1200s...
Gold Recovers Losses, But Stays Below 50-DMA Gold has recovered losses amid weakness in European stocks, but remains below 50-DMA level of $1233.60 levels. Eyes US data The metal awaits US data, which is likely to show industrial production dropped another 0.1% in March following a 0...
FX is Trending – Nomura Bilal Hafeez, Research Analyst at Nomura, suggests that sometimes trends emerge without one realising, and before you know it, everyone has jumped on to it and it’s too late...
FxWirePro: Bullish Cypher Completed on EUR/JPY, Good to Go Long, Weakness Only Below 122 A Bullish Cypher pattern completed on EUR/JPY daily charts. We see weakness only below 122 levels. The pair has also taken strong trendline support at 122.72 on Thursday's trade. Scope for upside test of 125...
Technical Analysis of USD/CHF for April 15, 2016 USD/CHF is expected to trade in a higher range above 0.9630. The pair remains in an uptrend above its major support base around 0.9630. Even though a continuation of the consolidation cannot be ruled out, its extent should be very limited...
GBP/USD Rejected Again at Hourly 200-MA Cable once again failed to take out hourly 200-MA hurdle seen today at 1.4166 and fell to 1.4140 levels. Awaits US data Chart driven trading is likely to continue throughout European session given the UK data calendar is empty...
EUR/GBP: Showing Early signs of Slowdown in Momentum - SocGen Research Team at Societe Generale, suggests that after having met the projected target for the double bottom at 0.81/0.8150, EUR/GBP is showing early signs of slowdown in momentum. Key Quotes “Level of 0.81/0...