Roberto Jacobs / Blog
DAX30 Faces Strong Resistance at 9860, Break Above Targets 9940/100084 Major resistance – 9860 (21 day MA) The index has broken high 9718 (High made after Brexit) and jumped till 9795. It is currently trading around 9668. DAX30 should close above 9860 for further bullishness...
Technical Analysis of Gold for July 1, 2016 Gold has broken out of the triangle consolidation and is making higher highs and higher lows. The price is heading at least towards the $1,360 high with expectations of breaking it and reaching $1,400 by the end of next week...
FxWirePro: CAD/JPY Struggles to Close Above 80, Good to Sell on Rallies Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80 holds...
Technical Analysis of EUR/USD for July 01, 2016 When the European market opens, some economic news will be released such as the Unemployment Rate, Italian Monthly Unemployment Rate, Final Manufacturing PMI, German Final Manufacturing PMI, French Final Manufacturing PMI, Italian Manufacturing PMI...
Technical Analysis of USD/JPY for July 01, 2016 In Asia, Japan will release the Consumer Confidence, BOJ Core CPI y/y, Final Manufacturing PMI, Tankan Non-Manufacturing Index, Tankan Manufacturing Index, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y...
Daily Analysis of Major Pairs for July 1, 2016 EUR/USD: This market is bearish – there is a Bearish Confirmation Pattern on the chart...
Daily Analysis of USDX for July 01, 2016 On the H1 chart, the USDX is trying to extend the rally above the 200 SMA, but the support level could be challenged within the next few hours, as the US NFP is coming. A breakout above the 96.60 level will open the doors to test the 97...
Daily Analysis of GBP/USD for July 01, 2016 GBP/USD had a decline during yesterday's session after BoE's Mark Carney announced that a rate cut is coming this summer. That would put the Cable into a bearish scenario for the next weeks, and it could break the support zone around the 1...
FxWirePro: USD/CNY Hovers Around 6.65 Mark, PBOC Sets Yuan Midpoint at 6.6496 Per Dollar USD/CNY is currently trading around 6.6510 marks. It made intraday high at 6.6519 and low at 6.6453 levels. Intraday bias remains bullish till the time pair holds key support at 6.6330/6.6110 levels...
BoE Monetary Policy Guidance: Summer Rate Cuts Coming - RBS Research Team at RBS, notes that the Bank Of England Governor, Mark Carney, has given a clear indication that the BoE will cut policy rates over the next few months and is primed to sanction additional easing measures: ‘The economic outl...