Roberto Jacobs / Blog
Technical Analysis of NZD/CHF for March 18, 2016 After finding the bottom near the 0.6500 psychological level and forming a bullish divergence on the RSI oscillator, NZD/CHF moved higher and broke the descending channel. At the same time, the pair broke above the very strong resistance (0...
Technical Analysis of CHF/JPY for March 18, 2016 The CHF/JPY pair is expected to move lower after testing the 115.40 resistance (R1). Consider holding short positions with a stop loss just above R1, targeting either S1 (114.10) or S2 (113.60) as the final target for a potential upcoming wave down...
Technical analysis of USD/CAD for March 18th, 2016 General overview for 18/03/2016: The blue wave (c) might have been completed at the level of 1.2945. If the level of 1.3166 is not clearly violated, there will be at least one more wave down missing the first projected target at the level of 1...
USD/CAD Drops to 1.2940 on Data, Oil Soars CAD has recovered the positive territory vs. its American neighbour on Friday, dragging USD/CAD to fresh lows near 1.2940...
BOE Downplays Negative Impact of China Slowdown on UK Economy Bank of England (BOE), via its quarterly bulletin, assured markets the UK economy is less exposed to China slowdown as widely believed. Key points Slowdown of 1% in China equates to around 0...
German PPI Falls More Than Expected In February Germany's producer prices declined at a faster-than-expected pace in February, data from Destatis showed Friday. The producer price index fell 3.0 percent year-over-year in February, exceeding economists' expectations for a 2.6 percent decrease...
Euro Falls Ahead Of German PPI At 3:00 am ET Friday, German statistical office Destatis is due to release its producer prices report for February. Producer prices are expected to fall 2.6 percent year-over-year in February after the 2.4 percent drop in January...
Gold Turns Negative as USD Strengthens Profit taking on USD shorts ahead of the weekend weighed over Gold as well, pushing the metal into the negative territory in European session...