Technical Analysis of USD/CHF for April 05, 2016 USD/CHF is expected to trade in a lower range as the key resistance is set at 0.9625. The pair remains under pressure below its resistance at 0.9625 since March 31, and is more likely to test the next support at 0.9555 in the coming trading hours...
GBP/USD Breaks Major Support 1.4250, Decline Till 1.4100 Is Possible Major resistance – 1.43200 (4H Kijun-Sen line) Major Support - 1.4250 The cable has made a high of 1.43215 and declined from that level. It is currently trading around 1.4328. The pair has broken major support and 1...
USD/JPY has recently shown virtually little reaction to favorable factors such as BoJ easing or strong US indicators such as payrolls...
According to the research team at UOB Group, the EUR’s upside momentum could have lost some traction. “EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead”. “A close above 1...
Stefan Koopman, Market Economist at Rabobank, notes that in a speech in Rome that mainly focused on the risks and costs of too-low inflation, ECB chief economist Peter Praet tried to inject another dose of dovishness into markets...
David Tulk, Head of Global Macro Strategy at TDS, suggests that on the heels of two consecutive months of disappointing employment prints, the Canadian labour market likely recovered in March with a forecasted addition of 18k jobs...
EUR/USD: Neutral: Likely in a broad 1.1330/1.1495 range. EUR is holding on to its recent gains and at this stage, it is still unclear if it can move higher in a sustained manner in the days ahead. A close above 1...
AUD/USD Fades the Spike, Back Below 0.7600 The Aussie dollar is now losing the grip, prompting AUD/USD to return to the area of session lows in the 0.7565/60 band...
Technical Analysis of NZD/USD for April 05, 2016 NZD/USD is expected to trade with a bearish bias. From a chartist view, the pair remains on the downside, capped by its declining 20-period and 50-period moving averages. The relatively strong index is mixed with bearish, calling for a new pullback...
Technical Analysis of GBP/JPY for April 05, 2016 GBP/JPY is expected to trade in a lower range as pair is under pressure. The pair has been capped by its descending 50-period moving average and remains under pressure...
Technical Analysis of Silver for April 05, 2016 Technical outlook and chart setups: Silver is seen to be trading at $15.10 levels at this moment, looking to reverse lower towards $14.50 levels at least before turning bullish again...
Technical Analysis of Gold for April 5, 2016 Gold price held above recent low yesterday at $1,207 but remains inside the bearish channel. A new higher high towards $1,300-$1,320 is not ruled out yet as a break above $1,250 will increase the chance of this happening...
Technical Analysis of EUR/USD for April 05, 2016 When the European market opens, the following economic news will be released: Retail Sales, m/m, Final Services PMI, German Final Services PMI, French Final Services PMI, Italian Services PMI, Spanish Services PMI, German Factory Orders, m/m...
Brent crude has broken below a key level, the low from 15 March at 38.32, taking it through the bottom end of a trend channel. Combined with sitting at the 100DMA at 37.24 and then potential to move below the 50DMA at 36.54, the technical setup for the oil market isn't looking great...
Technical Analysis of USD/JPY for April 05, 2016 In Asia, Japan will release data on the 10-year Bond Auction, Average Cash Earnings, y/y. The US will unveil some economic data such as IBD/TIPP Economic Optimism, JOLTS Job Openings, ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance...
EUR/JPY Drops to Lowest Since March 24th JPY bulls are on the rampage amid risk-off in the equities, courtesy of which the EUR/JPY cross has dropped to 125.70; lowest since March 24th. Offered below 50-DMA The offered tone gathered pace after the cross breached 50-DMA level of 126.72 in Asia...
FXWIREPRO: AUD/CAD Extends Range Trade, Capped Below Strong Trendline Resistance at 1.0002 AUD/CAD was rejected by strong trendline resistance at 1.0008. The pair is currently trading around 0.9957 levels after hitting session highs at 0.9976...
Gold Ignores Fed Rate Hike Talk, Stays on Front Foot Risk-off in Asia and the resulting safe haven demand overshadowed hawkish talk from Fed officials and kept Gold well bid heading into Europe...
USD/JPY Slumps to Fresh 2016 Lows at 110.60 The USD/JPY pair keeps falling in the early European trades, and now breaches the yearly lows reached at 110.65 last month...
