Roberto Jacobs / Blog
FxWirePro: FTSE100 Faces Resistance at 61.8% Extension, Good to Sell on Rallies Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243...
Daily Forex Fundamental Overview Fundamental Analysis EUR "Economic recovery in the euro area continues to be dampened by subdued growth prospects and a sluggish pace of implementation of structural reforms Additional stimulus is expected from the monetary policy measures still to be implemented...
EUR/CAD 1H Chart: Channel Up Comment: We are short-term bullish on EUR/CAD, but the potential gains are limited. The currency pair is poised for a rally from the 200-hour SMA and the rising trend-line at 1.4580, but the rate is not seen as rising higher than a major resistance area circa 1.47...
EUR/USD Keeps Range Near 1.1150 Post-PMIs, Awaits NFP The EUR/USD pair is consolidating the previous slide around the mid-point of 1...
Qatari Energy Minister: OPEC Meeting was Positive Because Oil Prices on the Rise Qatari energy minister Al-Sada crossed the wires via Reuters last minutes, making his comments on Thursday’s OPEC meeting...
Technical Analysis of USD/JPY for June 03, 2016 USD/JPY is expected to trade in a bearish bias. Overnight, US stock indices recorded another stronger session while volumes remained muted. The Dow Jones Industrial Average rose 0.3% to 17838, the S&P 500 advanced 0...
Technical Analysis of USD/CHF for June 03, 2016 USD/CHF is likely to trade with a bullish outlook. The pair bounced off its major horizontal support at 0.9865 and is expected to post further advance...
Technical Analysis of NZD/USD for June 03, 2016 It is expected that NZD/USD extends its upside movement as the bias remains bullish. The pair remains positive on an intraday basis. A strong support base at 0.6770 (since June 1) has formed and allowed for a temporary stabilization...
Technical Analysis of GBP/JPY for June 03, 2016 GBP/JPY is expected to trade with a bearish bias. The pair remains on the downside and is looking for a lower bottom. The relative strength index has been capped by a negative trend line since May 30 and lacks upward momentum. As long as 158...