Feb 04, 2016 06:37 am UTC| Technicals
We are bearish on NZD for 2016 and forecast NZD/USD at 0.60 by Q1 16 and 0.62 by Q4 16. NZD/JPY at 75.786 by Q1 16 and 74.50 by mid-Q2 16. Although policy de-synchronization will remain a headwind for NZD as short rate...
Silver breaks major resistance $14.60 targets $15.70
Feb 04, 2016 06:27 am UTC| Technicals
Pattern Formed- Big W pattern Major resistance - $14.60 The commodity has broken major resistance $14.60 and jumped till $14.78. It is currently trading around $14.63 Any break above $14.60 will confirm...
FxWirePro: GBP/JPY struggles to close above 200 day 4HMA, good to sell on rallies
Feb 04, 2016 06:13 am UTC| Technicals
Major support - 171.50 (Kijun-Sen) Major intraday resistance -172.55 The pair has made a high of 173.75 and started to retreat from that level. It is currently trading around 171.81. On the downside major...
FxWirePro: NZD/JPY rejects resistance at 79.386, next strong support seen only at 75.786
Feb 04, 2016 05:48 am UTC| Technicals
From last three weeks, the pair has been rallying from the lows of 73.645 to 79.386, it is now observed that it is struggling to hold onto the crucial resistance at these levels. As shown on the weekly charts, it has...
GBP/USD faces strong resistance at 1.4690, market awaits BOE Super Thursday for further direction
Feb 04, 2016 05:30 am UTC| Technicals
Candle stick pattern formed - Shooting Star Major resistance -1.4690 (55 day MA) The pair has declined after making a high of 1. is currently trading around 1.45735. On the lower side minor support is around...
Feb 04, 2016 05:04 am UTC| Technicals
Gold surpasses all the hurdles and supported well above $1140 levels. Pair made intraday high at $1143 and low at $1139 levels. Overall outlook remains bullish above $1132 levels and it is likely to hit $1150...
Major Asian Indices Technicals
Feb 04, 2016 03:00 am UTC| Technicals
Hang Seng: Hang Seng has recovered after making a low of 18771. It is currently trading around 19271. Short term trend is slightly bullish as long as support 18770 holds. The index minor resistance is around 19300 and...
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