EUR/USD Outlook Shifted to Neutral – UOB According to analysts at UOB Group, the pair’s stance has now shifted to neutral from bullish. Key Quotes “We highlighted the rapid loss of momentum in recent updates and the break below 1.1400 was not exactly surprising”. “The recent high of 1...
USD/CHF Reverses from 0.9700 Neighborhood The USD/CHF pair met with fresh supply near 0.9700 handle and has now turned negative to trade close to session low of 0.9665...
Technical Analysis of GBP/JPY for May 06, 2016 GBP/JPY is under pressure. The pair is turning down, while the 20-period moving average has broken the 50-period one. Meanwhile, the relative strength index stays below 50 and lacks downward momentum...
NZD/USD Tested Weekly Lows Near 0.6830 Amid Risk-Off The bears tightened their grip on the NZD in the European session, knocking-off NZD/USD to near one-week lows amid weaker stocks and oil prices. NZD/USD drops further towards 50-DMA at 0.6832 Currently, the NZD/USD pair trades -0.64% lower at 0...
USD/JPY Wobbles Near 107.00 Ahead of Payrolls The Japanese yen is posting moderate gains vs. its American peer at the end of the week, sending USD/JPY to the 107.00 neighbourhood ahead of NFP...
EUR/USD Inching Higher, Awaits NFP Data for Further Direction The EUR/USD pair rose to a session high of 1.1425, rebounding from its key support around 1.1400 handle as investor now gear up for the release of much awaited US non-farm payrolls data later during the NY session...
FxWirePro: NZD/JPY Breaks Strong Trendline Support at 73.40, Stay Short NZD/JPY has breached strong trendline support at 73.40 and has hit session lows of 73. Our previous call (http://www.econotimes...
FxWirePro: USD/JPY Extends Range Trade, Struggles at the 107 Handle ahead of NFP USD/JPY is confined in a 38-pips narrow range, extends subdued trade as markets await crucial NFP data. The pair has been recovering from fresh 18-month lows at 105.54 (3rd May), but upside lacks momentum...
Technical Analysis of Silver for May 06, 2016 Technical outlook and chart setups: Silver turned lower from $17.60 levels yesterday after facing the back side of the trendline, which is resistance now. The metal had earlier bounced off fibonacci 0.618 support around $17...
Technical Analysis of Gold for May 06, 2016 Technical outlook and chart setups: Gold has formed yet another low at $1,270.00 levels yesterday before pulling back higher again. The yellow metal is seen to be trading at $1,278.00 levels at this moment, looking to rally further towards $1,307...
Technical Analysis of EUR/JPY for May 06, 2016 Technical outlook and chart setups: The EUR/JPY pair has dropped a bit lower from yesterday's range and is now trading at 122.20 levels. Please note that the pair remains bullish in the short term and the probability is towards 124...
Elliott Wave Analysis of EUR/NZD for May 6 - 2016 Wave summary: EUR/NZD is still trying every dirty trick in the playbook to wipe us out. With a quick and deeper than expected correction to 1.6479, the next strong rally should now be expected for a break above minor resistance at 1...
Elliott Wave Analysis of EUR/JPY for May 6 - 2016 Wave summary: This cross is doing nothing at the moment. Is a bottom building? Or is it just at consolidation before more downside pressure is seen? The failure to rally will normally have us call for more downside towards 117...
Technical Analysis of GBP/CHF for May 06, 2016 Technical outlook and chart setups: The GBP/CHF pair is seen to be trading at 1.4040 levels at this moment, looking to continue rallying towards 1.4709 levels going forward...
AUD/JPY Slammed Below 79.00 Level The Australian Dollar fell across the board after the release of RBA Quarterly Statement on Monetary Policy that showed central bank's readiness to cut interest rates further. Immediately after the release, the AUD/JPY pair dropped to its lowest level since Feb...
GBP/USD Trims Losses, Eyes 1.4500 The now softer tone in the greenback has helped GBP/USD to erode initial losses and trade closer to the 1.4500 barrier. GBP/USD focus on Payrolls Spot has recovered the smile after bottoming out in the mid-1...
Daily Analysis of Major Pairs for May 6, 2016 EUR/USD: After testing the resistance line at 1.1600, the EUR/USD has gone down by almost 190 pips. This has become a threat to the recent bullish bias in the market, and a movement below the support line at 1...
Daily Analysis of USDX for May 06, 2016 On the H1 chart, USDX continues to recover above the 200 SMA, and it could pull back from the resistance zone of 93.80 in order to resume the overall bearish bias. However, that scenario could change when a breakout happens above the 94...
Daily Analysis of GBP/USD for May 06, 2016 The current structure of the Cable is calling for a bearish continuation below the 200 SMA, and the H1 chart is showing us that the level of 1.4430 could provide a strong support on a short-term basis...