FxWirePro: AUD/USD struggles at 200-DMA, markets cautious ahead of US NFP data
Jun 03, 2016 11:57 am UTC| Technicals
AUD/USD continues to struggle below 200-DMA as markets remain cautious ahead of crucial US non-farm payrolls data. Concerns over Chinese economic slowdown continues to weigh on the Aussie. Data released earlier...
Jun 03, 2016 11:40 am UTC| Technicals
Chart pattern formed- Double top Major resistance- 96 DXY has declined till 95.15 (100 4H EMA) and started to jump from that level. It is currently trading around 95.61. The major intraday resistance is...
ETH/USD trades slightly weak, decline till $13/$12.55 is possible
Jun 03, 2016 10:15 am UTC| Technicals
Major intraday support - $13.40 (23.6% retracement of $10.29 and $14.39) Major resistance- $14.40 (31st May high) The pair is facing minor intradayresistance of $14 for the day and any break above will take the...
BTC/USD breaks major resistance $550, targets $575/$630
Jun 03, 2016 08:53 am UTC| Technicals
BTC/USD has broken major resistance $550 and this confirms continuation of bullish trend. It is currently trading around $550.50. Short term trend is bullish as long as support $525 (7 day EMA) holds. On the...
Jun 03, 2016 08:15 am UTC| Technicals
Last two days of slumps have tested support at 78.674 as bearish momentum is fading away. We can observe at the same levels, a Dragonfly doji pattern at 7DMA was traced out in the recent past but with a stiff resistance...
FxWirePro:FTSE100 faces resistance at 61.8% extension, good to sell on rallies
Jun 03, 2016 08:05 am UTC| Technicals
Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243. FTSE100 should...
GBP/NZD breaks major trend line support, targets 2.000
Jun 03, 2016 06:57 am UTC| Technicals
Major Support: 2.110 (trend line joining 2.0400 and 2.1107) GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036. Minor trend reversal only...
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