EUR/NZD analysis for April 25, 2016

Recently, EUR/NZD has been moving sideways at the price of 1.6370. According to the 1H time frame, I found flat base between the price of 1.6420 (resistance) and the price of 1.6290 (support). The short-term trend is still upward but anyway watch for a... [...]

Technical analysis of EUR/USD for April 25, 2016

Overview:The EUR/USD pair moved upwards from the level of 1.1217. Yesterday, the pair rose from the level of 1.1217 (this level represents a double bottom) to the top around 1.1238. Today, the first resistance level is seen at 1.1278 followed by 1.1339... [...]

Gold analysis for April 25 , 2016

Since our previous analysis, gold has been moving downwards. As I expected, the price tested the $1,227.28 level in a high volume. According to the daily time frame, I found strong downward pressure in a high volume. The bar closed at the low, which is... [...]

Technical analysis of AUD/CHF for April 25, 2016

After breaking above the descending channel, AUD/CHF found the resistance near the final upside target - R1 (0.7590) of the Fibonacci applied to the channel breakout point.The RSI Oscillator formed a bearish divergence and price could start moving muc... [...]

Technical analysis of NZD/USD for April 25, 2016

After NZD/USD formed a massive support around 0.6550, rate started moving higher trading within the ascending channel. Last week, NZD/USD tested and rejected the upper trend line of the channel followed by the breakout of the 23.6% and 38.2% Fibonacci ... [...]

Global macro overview for 25/04/2016

Global macro overview for 25/02/2016:The US Federal Reserve will release the FOMC statement on Wednesday, April 27 at 06:00pm GMT. The market participants are not expecting a rate hike at this point, mainly because there is no press conference after th... [...]

Global macro overview for 25/04/2016

Global macro overview for 25/02/2016:This will be busy week for all the central banks and plenty of fundamental data from the Fed and BoJ is scheduled for release during the week. Moreover, first quarter GDP reports from the UK and US, together with in... [...]

Technical analysis of USDX for April 25, 2016

The Dollar index made a breakout on Friday to new short-term highs but still holds below the 95.20 important resistance. This resistance was once tested and prices got rejected. I believe we can see another attempt to break above it this week. I see fe... [...]

Technical analysis of EUR/JPY for April 25, 2016

General overview for 25/04/2016:The Elliott wave count has been little modified to incorporate the recent price action. Currently, the corrective cycle in wave 2 is expected, and the retracement can reach the projected level of 123.79 before any meanin... [...]

Technical analysis of Gold for April 25, 2016

Gold remains trapped inside the trading range of $1,270-$1,220. Gold bulls have tried to push higher for a breakout but were not strong enough. Technicals are deteriorating and I continue to remain bearish as long as the price is below the $1,270 false... [...]