Roberto Jacobs / Perfil

Daily analysis of USDX for March 16, 2016 USDX is extending the corrective bullish move towards the 200 SMA zone at the H1 chart, which is very close to the resistance level of 96.98...

Daily Analysis of GBP/USD for March 16, 2016 The H1 chart is still showing a strong support around the 1.4141 level, where a rebound can happen towards the resistance zone of 1.4190, in order to attempt a breakout higher to resume the overall bullish bias...

New Zealand Q4 Current Account Deficit Widens New Zealand's current account deficit increased in the three months ended December, mainly due to a fall in earnings from both goods and services exports, figures from Statistics New Zealand showed Wednesday...

Pound Drops Against Most Majors The British pound weakened against most major currencies in the Asian session on Wednesday. The pound fell to a 6-day low of 1.4124 against the U.S. dollar, from yesterday's closing value of 1.4149. Against the euro and the Swiss franc, the pound edged down to 0...

USDCAD: Rally continues - Scotiabank Research Team at Scotiabank, notes that the USDCAD continues to rally from Friday’s fresh multi-month low, testing near term resistance around 1.3400 at the upper bound of the descending wedge formation off the January highs...

Yen Falls Against Majors The Japanese yen weakened against the other major currencies in the Asian session on Wednesday. The yen fell to 126.01 against the euro, 160.45 against the pound and 114.96 against the Swiss franc, from yesterday's closing quotes of 125.68, 160.07 and 114.54, respectively...

BoE Interest Rate Expectations – Lloyds Bank Gajan Mahadevan, Research Analyst at Lloyds Bank, suggests that the changes in UK rate expectations have been a key factor in the decline in GBP/USD...

Australian Dollar Drops Against Most Majors The Australian dollar weakened against most major currencies in the Asian session on Wednesday. The Australian dollar fell to a 6-day low of 0.7439 against the U.S. dollar, from yesterday's closing value of 0.7456...

EUR/JPY Rejected off 126.00 Resistance EUR/JPY saw heavy demand in early Tokyo, sending the pair straight into the 126.00 resistance level - prior triple bottom -, from where offers have managed to cap further upside, allowing a mild correction lower towards 125.80, current price...

EURUSD Daily Forecast: March 16 2016 EURUSD Forecast The EURUSD was indecisive yesterday. The bias remains bearish in nearest term but as long as stays above 1.1065 price is still in a bullish phase targeting a trend line resistance located around 1.1300 area as you can see on my H1 chart below...

GBPUSD Daily Forecast: March 16 2016 GBPUSD Forecast The GBPUSD continued its bearish momentum yesterday bottomed at 1.4138 and slipped below 1.4130 earlier today. The bias remains bearish in nearest term especially if price able to make a clear break and consistent movement below 1...

USDJPY Daily Forecast: March 16 2016 USDJPY Forecast The USDJPY had a bearish momentum yesterday bottomed at 112.63 but closed higher at 113.11 and hit 113.55 earlier today. The bias remains neutral in nearest term...

USDCHF Daily Forecast: March 16 2016 USDCHF Forecast The USDCHF was indecisive yesterday. The bias remains neutral in nearest term probably with a little bearish bias testing 0.9820 support area. A clear break and daily close below that area could trigger further bearish pressure testing 0...

Technical Analysis of USD/CHF for March 15, 2016 USD/CHF is expected to trade in a higher range as a technical rebound is expected. The pair is slightly turning up, and is likely to challenge the resistance at 0.9895 in the coming trading hours. A strong support base around 0...

Technical Analysis of NZD/USD for March 15, 2016 NZD/USD is under pressure. The pair clearly reversed down, and is now expected to challenge its support at 0.6615 in sight. The falling 20-period and 50-period moving averages play resistance roles, and should continue to push the prices lower...

Technical Analysis of GBP/JPY for March 15, 2016 GBP/JPY is expected to trade in a lower range as key resistance is set at 162.80. The pair remains under pressure below its nearest resistance at 1.3315, and is likely to post a new decline...

Technical Analysis of EUR/JPY for March 15, 2016 After forming a double bottom near 122.50, EUR/JPY started to move higher towards higher highs and higher lows. While growing, the price broke above the strong technical and psychological resistance at 125.00. Also, the pair broke above 1...

Technical Analysis of EUR/GBP for March 15, 2016 On March 10, after the news release, EUR/GBP sharply surged, breaking above the descending channel. The rise stopped, once the price tested the strong support level of 0.7835 (R2), which is 23.6% Fibonacci applied to the channel breakout point...