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Technical Analysis of USD/CHF for March 09, 2016 Overview: The USD/CHF pair continues to move upwards from the level of 0.9887. The pair rose from the level of 0.9887 to a top around 1.0028. Today, the first resistance level is seen at 1.10075 followed by 1...

USD/CAD Intraday Technical Levels and Trading Recommendations for March 9, 2016 A bullish breakout above the previous consolidation zone between 1.2400 and 1.2800 was performed on July 15 (shown on the weekly chart). A significant bearish rejection was observed around 1.3450...

GBP/USD Fails to Sustain Intraday Gains, Falls Back Below 1.4200 GBP/USD advanced to daily highs during the European session following a string of mostly upbeat UK data. GBP/USD climbed to a peak of 1.4240, but failed to sustain gains and retreated to the 1...

AUD/USD in Fresh Highs Near 0.7500 The bullish momentum around the Aussie dollar remains unabated so far, now lifting AUD/USD to the boundaries of 0.7500 the figure. AUD/USD in multi-month peaks The pair continues its march north today, visiting levels last traded in July 2015 around the 0...

Yen Falls Against Majors The Japanese yen erased its early gains against its major rivals and declined in European deals on Wednesday. The yen eased to 76.31 against the kiwi, 84.41 against the aussie, 160.29 against the pound and 112.67 against the franc, from its early 6-day high of 75...

EUR/NZD Analysis for March 09, 2016 Overview: Recently, EUR/NZD has been moving downwards. As I expected, the price tested the level of 1.6141 in a high volume. In the daily time frame, we can observe a supply bar in an average volume...

Intraday Technical Levels and Trading Recommendations for GBP/USD for March 9, 2016 On January 21, after the GBP/USD pair moved below 1.4220, evident signs of a bullish recovery were expressed around 1.4075. Hence, previous weekly candlesticks closed above 1.4220 and 1.4360 again...

Gold Analysis for March 09, 2016 Overview : Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,251.45 in a high volume. In the daily time frame, I found a supply bar (upthrust), which is the sign of weakness and sluggish demand...

Intraday Technical Levels and Trading Recommendations for EUR/USD for March 9, 2016 In January 2015, the EUR/USD pair moved below the major demand levels near 1.2100 and 1.2000 where historical bottoms had been previously set in July 2012 and June 2010...

EUR/GBP: Bearish Mood Intact After Upbeat UK Data The EUR/GBP pair is looking to extend losses after the data in the UK showed manufacturing output improved higher than estimates in January. Eyes 0.77 handle The cross appears on track to test psychological support level of 0.77...

GBP/USD Advances Above 1.4200 Post-UK Data The sterling has now recovered the smile after mixed UK releases, lifting GBP/USD to test session highs near 1.4240. GBP/USD keeps 1.4200 on data Spot is now extending its bounce off session lows in the 1...

GBP/JPY Retakes 160.00 Handle Ahead of UK Data The buying interest in Sterling spiked ahead of the UK data release, pushing the GBP/JPY pair back above 160.00 levels. Trades positive on the day The cross now trades moderately positive on the day near 160.20 levels...

USD/CAD Off Highs, Back Near 1.3400 USD/CAD has faded the initial spike to daily peaks in the mid-1.3400s, coming back to challenge the critical support at 1.3400 the figure. USD/CAD attention to oil, BoC Crude oil prices have abandoned the area of recent highs beyond the $38...

GBP/USD Turns Positive Ahead of UK Data The bid tone around Sterling strengthened, pushing the GBP/USD pair higher on the day to 1.4222 levels ahead of the UK manufacturing production data. Supported by 23.6% Fibo level Pair flirted with 1.4178 (23.6% of 1.3835-1...

Technical Analysis of EUR/JPY for March 9, 20169 General overview for 09/03/2016: There is still a chance for a possible leading diagonal structure to develop. This scenario is valid as long as the level of 123.09 is not violated. The market should rally upward towards the level of 124...

Technical Analysis of USD/CAD for March 9, 2016 General overview for 09/03/2016: The bullish divergence had pushed the price above the weekly pivot at 1.3395, but the market wasn't strong enough to break out above the intraday resistance at 1.3497...

Canadian Dollar Off Early Lows Vs Euro and U.S. Dollar The Canadian dollar trimmed its early losses against the euro and the U.S. dollar in pre-European trading on Wednesday. The loonie recovered to 1.4731 against the euro and 1.3418 against the greenback, from its early low of 1...

EUR/USD: Sell Rallies Towards 1.12 – Westpac Strategists at Westpac have recommended selling the pair on rallies towards the 1.1200 area. Key Quotes “EUR/USD materially overvalued against 2yr Bund-Tsy spreads, the latter suggesting 1.05/06 is more "reasonable". “That said a run at 1...

EUR/USD Forecast: Cautious Ahead of ECB – Commerzbank and UOB EUR/USD has retreated to the 1.0970 region after being rejected once again from the critical area around 1.1050, where sits the key 200-day sma, all ahead of tomorrow’s ECB meeting...

EUR/JPY Deflates to Lows Near 123.50 The now offered tone around the European currency is dragging EUR/JPY lower on Wednesday, testing the area of daily lows in the mid-123.00s...