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...
FxWirePro: AUD/NZD breaks above major resistance at 1.07 handle, bias higher, stay long
Feb 22, 2017 07:32 am UTC| Technicals
AUD/NZD has shown a decisive breakout above 1.07 handle, raises scope for further upside. Technical indicators on weekly and daily charts are highly bullish. Pair on track to test next resistance at...
FxWirePro:GBP/JPY trades slightly above 21- day EMA, jump till 144 likely
Feb 22, 2017 07:15 am UTC| Technicals
Major resistance 142.05 (trend line joining 144.78 and 142.80) Major support 139.40 (200- day MA) GBP/JPY has broken 21- day EMA at 141.50 and jumped till 142.03 from that level. Short term trend is slightly...
FxWirePro: USD/INR falls below 67.00 mark, good to sell on rallies
Feb 22, 2017 07:08 am UTC| Technicals
USD/INR is currently trading around 66.95 marks. It made intraday high at 66.98 and low at 66.87 marks. Intraday bias remains bearish till the time pair holds key resistance at 67.05 marks. Key resistances...
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