Elliott Wave Analysis of EUR/JPY for May 19 - 2016 Wave summary: It should be just a matter of time before a new strong rally to 124.65 and higher towards 126.47 is seen. We still need a break above the important resistance at 126...
Technical Analysis of NZD/USD for May 19, 2016 NZD/USD is under pressure. The pair has struck against its key resistance at 0.6775 and is turning down now. Both the 20-period and 50-period moving averages are heading downward, which should call for a new pullback...
Technical Analysis of GBP/JPY for May 19, 2016 GBP/JPY is expected to trade in a higher range as the bias remains bullish. Currently trading at 160.65, the pair stands above its support at 159, while the 20-period moving average stays above the 50-period one...
Technical Analysis of USD/CAD for May 19, 2016 General overview for 19/05/2016: The wave (iii) impulsive progression is developing as anticipated as the wave (i) top has been violated and now it will act as support for the price...
Technical Analysis of EUR/JPY for May 19, 2016 Technical outlook and chart setups: The EUR/JPY pair is seen to be trading at 123.45 levels at this moment, after reversing from 123.90 levels yesterday. The pair should remain in control of bears till prices stay below 124.60 levels going forward...
Technical Analysis of Silver for May 19, 2016 Technical outlook and chart setups: Silver dropped lower towards $16.70 levels yesterday before pulling back higher. The metal is seen to be trading at $16.81 levels at the moment, looking to rally further at least towards $17...
Technical Analysis of Gold for May 19, 2016 Technical outlook and chart setups: Gold has dropped lower and is seen to be trading at $1,258.00 levels, looking to pull back higher for now before turning bearish again. Please note that the yellow metal has again found support around fibonacci 0...
Daily Analysis of USDX for May 19, 2016 On the H1 chart, USDX has been trading into a bullish bias, after it received with a good shape the news from the FOMC minutes, which showed that a rate hike in June of this year is highly possible. The nearest resistance is located at the 95...
Daily Analysis of GBP/USD for May 19, 2016 GBP/USD had a strong bullish momentum during yesterday's session, as the pair reacted in a positive way to the good indicators released in the UK. Currently, it's facing off the resistance level of 1.4622, where a pullback can happen towards the 1...
Daily Analysis of Major Pairs for May 19, 2016 EUR/USD: This currency trading instrument went downwards on Wednesday – just in the opposite direction to the USD/CHF. The EMA 11 is below the EMA 56, while the RSI is below the level 50...
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FxWirePro: USD/INR Hits Fresh 1-month High at 67.26, Intraday Bias Remains Bullish USD/INR is currently trading around 67.22. It made intraday high at 67.26 and low at 67.12 marks. Intraday bias remains bullish till the time pair holds key support at 66.82 marks. A daily close above 67...
FxWirePro: EUR/GBP Downside Stalls at 38.2% Fib, Break Below Needed for Further Downside - Short on Break Below 0.7683 British currency outperformed its major rivals, boosted by Brexit polls results that showed an increase in favor of the “stay” position...
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GBP/USD Off Highs, Back below 1.46 ahead of UK Data The Sterling is now giving away part of yesterday’s strong gains, prompting GBP/USD to retreat to sub-1.4600 levels. GBP/USD focus on UK’s docket The pair has clinches fresh 2-week highs beyond the 1...
NZD/USD Flirts with 100-DMA Support Near 0.6730 The NZD/USD pair keeps the ongoing bearish momentum intact and now tests weekly lows amid broad based USD strength and oil-price sell-off. NZD/USD hovers around 100-DMA Currently, the NZD/USD pair trades -0.18% lower at fresh session lows of 0...
EUR/USD Mires Near Multi-Week Lows, 1.1200 a Whisker Away The EUR/USD pair is currently consolidating the downside on 1.12 handle, as the bears take a breather from yesterday’s massive sell-off spurred by surprisingly hawkish FOMC April meeting minutes...
FxWirePro: AUD/USD Breaks 61.8% Fib, Hits Fresh 11-Week Lows on Poor Jobs Data - Short Rallies around 0.72 AUD/USD extends decline, hits fresh 11-week lows at 0.7199, in a knee-jerk reaction to weak Australian jobs report. Australia's unemployment rate held steady at 5...
FxWirePro: USD/SGD Hits Fresh Monthly High at 1.3828, a Break Above Targets 1.3851 USD/SGD is currently trading around 1.3801 marks. It made intraday high at 1.3828 and low at 1.3801 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3828 levels...
