#USDCAD buyers turned the tide in their favor. We have a serious reason for the technical picture revising. The only thing missing is the formal signs of the uptrend. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Despite the mixed data on the U.S. employment, dollar bulls in #USDJPY are active. After the speech of the Finance Minister Aso, we have signs of the upward trend formation. Find out more by checking out the Source Link. Please note that this post was originally published on Vistabrokers.com...
Technical Analysis of EUR/JPY for May 10, 2016 Technical outlook and chart setups: The EUR/JPY pair rallies through 124.00 levels today as expected and discussed yesterday. The pair might have formed a meaningful bottom at 121.40 levels and is now looking to target at least 124...
Technical Analysis of USD/CAD for May 10, 2016 General overview for 10/05/2016: The top for the old wave b green had been violated again and this is why the count has been modified to incorporate the latest developments...
Technical Analysis of GBP/CHF for May 10, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be stalling at 1.4000 levels at this moment. As depicted in the wave structure on the daily chart here, please note that the pair had reversed lower from fibonacci 0.382 resistance at 1...
Live Signal Monitoring: https://www.mql5.com/en/signals/154263 Steady Profit!!! Low DD!!! I have nothing more to add...
GBP/NZD Breaks Through 2.1400, 100-DMA Resistance The GBP/NZD pair advanced further on Tuesday to move past 100-day SMA for the first time since Nov. 2015 to currently trade at eight week high level of 2.1400...
Elliott Wave Analysis of EUR/NZD for May 10, 2016 Wave summary: Our patience is finally paying off. We have finally seen the expected break above 1.6874 calling for more upside pressure towards 1.7273 and above...
Elliott Wave Analysis of EUR/JPY for May 10, 2016 Wave summary: With the break above resistance at 123.53 we have seen another strong indication that a firm bottom is in place with the 121.46 low. In the short term, we will now be looking for support near 123...
Daily Analysis of USDX for May 10, 2016 The greenback is still trading with a bullish bias held since the May 3rd session. Now it's breaking the resistance level of 94.06 to the upside in order to extend gains toward the 94.56 level...
Daily Analysis of GBP/USD for May 10, 2016 On H1 chart, GBP/USD is doing a bearish consolidation below the resistance level of 1.4430, waiting for further declines towards the 1.4316 level...
GBP/USD Downside Alleviated Above 1.45 – UOB Analysts at UOB Group argued GBP/USD needs to clear 1.45 in order to gain further upside bias. Key Quotes “In line with expectation, the initial bounce in GBP held below 1.4505 (high of 1.4480) but the subsequent drop exceeded the 1.4400 target...
FxWirePro: Gold Trading in Narrow Range, Good to Buy Above $1268 XAU/USD is currently trading around $1266 mark. It made intraday high at $1267 and low at $1259 levels. Intraday bias remains bullish till the time pair holds immediate support at $1258 marks...
FxWirePro: DXY Faces Strong Support at 93, Good to Buy at Dips Major resistance- 94.13 (21 day MA) US dollar index has recovered from the low of 93.80 yesterday and closed near to its high (94.20) around 94.15. It is currently trading around 94.04...
Yen Slips As Aso Talks Intervention Japanese finance minister Taro Aso spelled the “I” word for second consecutive day, indicating that Government may be nearing its patience level on Yen. He said Tokyo is ready to intervene if Yen exerts too much volatility, hurting the economy...
FxWirePro: USD/CHF Faces Strong Support at 0.9630, Good to Buy at Dips Major resistance- 0.9800 Major intraday resistance – 0.9735 Major support – 0.9630 USD/CHF has declined till 0.9684 yesterday and pared its losses in US session. It is currently trading around 0.97101...
AUD/USD Gains on Stable China Inflation, 100-DMA Eyed The Australian dollar gained against the USD after data showed China inflation figures, which was in line with expectations, indicating signs of a rebound in the Chinese economy...
USD/JPY Underpinned by 105.86/38 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair remains supported by the 105.86/38 area. Key Quotes “USD/JPY last week sold off towards and reversed from the 200 month and 200 week moving averages at 105.86/38...
USD/JPY Firmer, Closer to 109.00 The Japanese currency continues to depreciate on Tuesday, now taking USD/JPY to trade at shouting distance from the key barrier at 109.00...