FxWirePro: USD/CNY hovers around 6.56 marks, a sustain break above targets 6.5790
May 26, 2016 07:35 am UTC| Technicals
USD/CNY is currently trading around 6.5605 marks. It made intraday high at 6.5608 and low at 6.5538 levels. Intraday bias remains bullish till the time pair holds key support at 6.5470 levels. A sustained...
EUR/CAD breaks major support at 1.4535, targets 1.4365/1.4300
May 26, 2016 07:17 am UTC| Technicals
Major resistance- 1.4823 (200 day MA) EUR/CAD has declined sharply yesterday after the BOC kept its interest rates on hold. The pair has broken major support 1.45395 (May 18th low) and declined till 1.45047 at the...
FxWirePro: USD/CAD trades lower on BOC holds and higher Oil prices, good to sell on rallies
May 26, 2016 07:02 am UTC| Technicals
Loonie has declined drastically yesterday after BOC kept its interest rates on hold. The pair has broken major support of 1.3000 today morning and is currently trading around 1.29750. BOC has left overnight interest...
FxWirePro: NZD/CAD breaks major support at 0.8790, good to sell rallies
May 26, 2016 07:02 am UTC| Technicals
NZD/CAD has broken major trendline support at 0.8790 and is currently trading around 0.8710. Technicals on daily charts support downside in the pair. Stochs are biased lower, momentum studies are bearish and MACD line...
FxWirePro: Go long on EUR/SEK around 9.2565 with stop loss at 9.24 and target of 9.2928
May 26, 2016 06:27 am UTC| Technicals
EUR/SEK is currently trading around 9.2634 levels. It made intraday high at 9.2650 and low at 9.2398 levels. Intraday bias remains bullish for the moment. A daily close below 9.24 will take the parity down...
FxWirePro: AUD/CAD medium-term technical outlook
May 26, 2016 06:23 am UTC| Technicals
Bullish Bat pattern evidenced on AUD/CAD weeklies. Potential Reversal Zone (Buy Area): 0.9325-0.9270. Bullish invalidation below 0.9140, drag till 0.90 then likely. Upside has scope for test of 0.96 (38.2%...
FxWirePro: What does NZD/USD shooting star and long legged doji appearance at resistance mean?
May 26, 2016 06:05 am UTC| Technicals
Shooting star and long legged doji have occurred at 0.6851 and 0.6758 levels respectively. Both bearish patterns appeared to break below resistances at 0.6843 and 0.6750 levels respectively and tells a lot about...
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