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...
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...
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