Roberto Jacobs / Blog
FxWirePro: AUD/CAD Finds Strong Support by 21-DMA at 0.9446, Weakness Only on Break Below AUD/CAD halts upside, slips lower from fresh 3-week highs at 0.9527 hit on Wednesday...
EURGBP - We Look to Sell a Break of 0.7759 (stop at 0.7789) EURGBP - Continued upward momentum from 0.7572 resulted in the pair posting net daily gains yesterday. A 5 wave bullish count has been completed at 0.7774. Selling posted in Asia...
ECB and OPEC Meetings in Focus Today European equity markets are expected to open slightly lower again on Thursday, as risk aversion continues ahead of today’s ECB press conference...
CADJPY Elliottwave Analysis Suggests Pair has Turned Lower Short term Elliottwave structure suggests that the cycle from 5/6 low has ended with wave (X) at 85.5. Decline from there is taking the form of a zigzag...
Gold: Retains Its Recovery Tone GOLD: The commodity continues to threaten further upside on correction. On the downside, support comes in at the 1,200.00 level where a break will turn attention to the 1,190.00 level...
USD/JPY Climbs Back Above 109 Handle as Nikkei Trims Losses Fresh bids emerge near 108.85 region, allowing a tepid-bounce in the USD/JPY pair above 109 handle, also as risk-off moods cool-off somewhat amid a recovery in the Japanese stocks...
GBP/USD Extends Recovery Beyond 50-DMA, Awaits PMI The GBP/USD pair extends recovery from two-week lows as we progress towards early European trading, with the bulls unperturbed by risk-off sentiment persisting in full swing. GBP/USD back above 50-DMA at 1.4433 Currently, GBP/USD trades 0...
FxWirePro: Sell USD/INR at 67.35 With Stop Loss at 67.44 and Target of 67.12 USD/INR is currently trading around 67.32. It made intraday high at 67.45 and low at 67.31 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.45 marks. A daily close above 67...
FxWirePro: Yen Buying Dominates Amid Risk-Off, USD/JPY Hits Fresh 2-Week Low, Good to Sell Rallies USD/JPY slipped below the 109 handle to hit fresh 2-week lows at 108.82...