GBP/USD trades in narrow range, break below 1.2400 confirms minor reversal
Feb 22, 2017 11:35 am UTC| Technicals
Major intraday support - 1.2400 (trend line joining 1.2345 and 1.23875) Major Resistance 1.2530 (50% retracement of 1.2706 and 1.2345) Cable has once again recovered and jumped slightly above 1.2500 level. It is...
FxWirePro: NZD/CAD bounces off 200-DMA at 0.9370, bias higher, stay long
Feb 22, 2017 10:20 am UTC| Technicals
NZD/CAD has held major support by 200-DMA at 0.9370 and bounced higher to currently trade at 0.9446. The pair has broken above 5-DMA. Technical studies on daily charts have turned bullish. We see some upside on...
EURUSD breaks major support at 1.05200, decline till 1.04530 likely
Feb 22, 2017 10:16 am UTC| Technicals
Major support - 1.05200 (Feb 15th low) Major resistance 1.0678 (21- day MA) EUR/USD formed a temporary top around 1.06793 on Feb 16th 2017 after declining till 1.05212. The pair has broken the support at 1.05200...
FxWirePro: GBP/USD struggles in range - options trades to tackle the range
Feb 22, 2017 10:11 am UTC| Technicals Insights & Views
Following another test of 1.2400-1.2345 support, GBPUSD rallied sharply yesterday afternoon to retrace the post-retail sales decline. On the flip side, from last three and a half months, the underlying pair is stuck in the...
Feb 22, 2017 09:35 am UTC| Technicals
On daily charts, the bears manage to slide below 21DMA after the rejection of stiff resistance of 1.2742 levels; the current prices remain well below 21DMAs despite the spikes from last two days. Todayagain bears resume at...
FxWirePro: USD/CHF breaks major resistance at 1.01180, good to buy on dips
Feb 22, 2017 09:16 am UTC| Technicals
Major resistance -1.0118 (Feb 15th 2017 high) Major support 0.99297 (Feb 8th 2017 low). USD/CHF broken minor top formed around 1.0118 and jumped slightly till 1.0130 level. Any break above 1.01180 confirms minor...
FxWirePro: South African rand marginally higher against U.S. dollar, upside limited
Feb 22, 2017 08:20 am UTC| Technicals
USD/ZAR is currently trading around 13.08 levels. It made intraday high at 13.15 and low at 13.07 levels. Intraday bias remains neutral for the moment. A daily close above 13.12 will take the parity...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight