Roberto Jacobs / Blog
FXWIREPRO: Nikkei Faces Strong Resistance at 17300, Good to Sell on Rallies Major resistance - 17300 The index is consolidating between 16561 and 17125 for the past three trading session. It is currently trading around 16664.Short term trend is weak as long as resistance17300 holds...
FXWIREPRO: Gold Falls to 4 -Week Low on the Back of Hawkish Comments from Federal Reserve XAU/USD is currently trading around $1217 mark. It made intraday high at $1223 and low at $1214 levels...
NZD/USD Expected to Reach 0.62 by Year End - Westpac Imre Speizer, Strategist at Westpac Global Strategy Group, notes that their in-house fundamentals-based year-end forecast for NZD/USD is 0.62, although Imre adds that based on technicals, the chart presents a potentially more bullish outlook...
JPY Weakness to Resume in New FY - Nomura Yujiro Goto and Yunosuke Ikeda, Global FX Strategist at Nomura, expect renewed strength in USD/JPY in the new fiscal year for 2016/17, calling for 122 by end-2016. Key Quotes "USD/JPY depreciation has accelerated in Q1...
EURUSD Daily Forecast: March 24 2016 EURUSD Forecast The EURUSD had a bearish momentum yesterday bottomed at 1.1159. The bias remains bearish in nearest term testing 1.1100 – 1.1065 region as a part of the false break bearish scenario as you can see on my H1 chart below...
GBPUSD Daily Forecast: March 24 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4082. The bias remains bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 region...
USDJPY Daily Forecast: March 24 2016 USDJPY Forecast The USDJPY was indecisive yesterday but overall still able to maintain its bullish intraday bias so far. The bias remains bullish in nearest term testing 113.00 – 113.50. Immediate support is seen around 112.15...
Price Of Gold Pulls Back Sharply Amid Dollar Strength After ending the previous session moderately higher, the price of gold showed a substantial move back to the downside during trading on Wednesday. Gold for April delivery tumbled $24.60 to $1,224 an ounce after ending Tuesday's trading up $4...
GBP/USD Coming a Cropper this Week on Brexit Fears GBP/USD has taken a beating, falling this week from 1.4395 meeting a low of 1.4095 so far with strong momentum...