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EUR/SEK Points to the Lower End of the Range – Danske Bank Chief Analyst at Danske Bank Jens Pedersen believes the cross could slip towards the lower band of the range in the next weeks. Key Quotes “EUR/SEK fell sharply on Tuesday following the higher-than-expected March inflation data”...
GBP/USD Bounces-Off 1.4200, Tracks Oil Price Recovery The GBP bulls found some support just ahead of 1.42 barrier, allowing a minor-recovery in GBP/USD in the last hour. GBP/USD supported at 1.4200 The GBP/USD pair trades -0.15% lower at 1.4236, bouncing-off fresh session lows posted at 1...
GBP/JPY Jumps Above Hourly 200-MA Offered tone around JPY strengthened amid risk-on in equities, pushing the GBP/JPY cross above hourly 200-MA level of 155.42. Rises for third consecutive day The cross is trading higher for the third consecutive day. JPY was overbought and thus due for correction...
Quotes of #USDJPY continue to drift within the area of the nearest resistance level – 109.09. A breakthrough of this level will give the bulls a chance to develop success. How to act in a case of the breakthrough? Find out more by checking out the Source Link...
EUR/USD Comes Lower to Test 1.1330 The selling mood around the euro is growing bigger during the European morning, taking EUR/USD to the area of 1.1330, or daily lows...
The lower boundary of the "descending triangle" in #USDCAD was broken, which led to the achievement of the nine-month low. Such a decisive blow of bears could not happen without support from the oil market. Find out more by checking out the Source Link...
Technical Analysis of EUR/JPY for April 13, 2016 General overview for 13/04/2016: The wave progression inside the triangle pattern looks completed as the wave e of the whole structure is fully developed. A downward breakout should happen soon...
Key Commentaries from Fed's Jeffery Lacker Last night speaking at North Carolina, Richmond FED president Jeffery Lacker said that he considers the expectations issued in December to be more appropriate pace for hikes than the ones issued in March...
Calculated levels today: Support (S1 / S2 / S3 = 1,1352 / 23 / 1.1278) and resistance (R1 / R2 / R3 = 1.1443 / 72 / 1.1518). Key resistance levels (1st from 1.1397 to 1.1392 late in the day, the 2nd of 1.1412 to 1.1404...
Technical Analysis of USDX for April 13, 2016 The Dollar index is showing signs of the trend reversal as price continues trading inside the downward sloping wedge. I prefer to be neutral or slightly bullish at current levels as the Dollar index is at the oversold levels...
EUR/GBP Turns Positive as GBP Sell-Off Gathers Pace EUR/GBP turned positive to clock a session high of 0.7984 as Cable sell-off gathered pace on talks of rise in BOE rate hike bets. Gains capped by risk-on in equities Cable is now testing bids around 1...
USD/JPY Clinches Highs Above 109.00 The greenback is extending its recovery today, now lifting USD/JPY to the area of daily highs above he 109.00 handle...
USD/JPY Faces Resistance at 109.73 – Commerzbank In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the pair faces strong resistance in the 109.70 area. Key Quotes “USD/JPY is seeing a tiny rebound...
FXWIREPRO: EUR/SEK Breaks Key Support at 9.2050, Good to Sell on Rallies EUR/SEK is currently trading around 9.1843 levels. It made intraday high at 9.2074 and low at 9.1792 levels. Intraday bias remains bearish for the moment. A current down fall 9...
Technical Analysis of USD/CAD for April 13, 2016 General overview for 13/04/2016: The current Elliott wave count has been changed slightly and instead of the abc irregular correction the pattern evolved into more complex double zig-zag...
Channel Down identified at 12-Apr-22:00 2016 GMT. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.291 within the next 10 hours. Resistance Levels : ( B ) 1.2906Last resistance turning point of Channel Down. Support Levels ( A ) 1...
Technical Analysis of Gold for April 13, 2016 Gold price reversed yesterday after reaching the important resistance of $1,260. I warned Gold bulls that this is not good to be long now. There were many warnings for bulls and today we see the results...
GBP/USD Continues to Lose Ground Having breached 50-DMA support at 1.4250, cable extended losses further to a session low of 1.4218 before recovering slightly to trade around 1.4235 levels. BOE rate cut bets rise The bird is volatile off late on account of Brexit fears...
Technical Analysis of USD/CHF for April 13, 2016 USD/CHF is expected to trade in a higher range as bias remains bullish. The pair managed to break above the resistance of its 50-period moving average, and now the pair is holding above it...
