FxWirePro: More downside potential in AUD/CAD shooting star – more dips likely
Feb 01, 2016 13:28 pm UTC| Technicals
On weekly charts, AUDCAD signals selling pressures that would likely to plunge down upto 0.9452 levels but currently 0.9861 is holding stronger. Shooting star patterns occurred at peaks of 1.0074 levels and weve seen their...
Feb 01, 2016 12:09 pm UTC| Technicals
Technical Purview: It has been observed and kept urging that there would remain in the range bounded trend on this pair where upper band is 1.1050 and 1.0710 from last couple of weeks ( see grey shaded areas), and same...
FxWirePro: US Dollar Index faces strong resistance around 100.50, good to sell on rallies
Feb 01, 2016 11:59 am UTC| Technicals
The dollar index has once again made a high of 99.82 and started to decline from that level. It is currently trading around 99.39 Major support: 98.50 (55 day EMA) The index has made a low of 98.42 (28 th Jan...
Feb 01, 2016 11:47 am UTC| Technicals
GBP/JPY has made a high of 174.17 on Friday and started to decline from that level is currently trading around 172.99. Short term trend is still bullish as long as support 170.50 (Kijun-Sen) holds. Any break below...
GBP/USD breaks minor trend line resistance, targets 1.4370/1.4400
Feb 01, 2016 09:15 am UTC| Technicals
Minor trend line resistance -1.4280 (trend line joining 1.4250 and 1.42605) Minor support - 1.4240 Cable breaks minor intraday resistance 1.4280 and this confirms minor bullishness, a jump till 1.4350/1.4370/1.4400 is...
Feb 01, 2016 08:45 am UTC| Technicals
Last Fridays, the rate charge by BoJ makes commercial banks that park surplus reserves at the central bank to negative 0.1% in a slightly awful stimulated pointing at serving its economy to cushion the potential threats of...
NZD/CAD breaks below ichimoku cloud, decline till 0.9000/0.8800 is possible
Feb 01, 2016 08:10 am UTC| Technicals
Major Support -0.9050 (Ichimoku Cloud) Major resistance - 0.9150 (55 day EMA) NZD/CAD has broken major support 0.9050 and declined till 0.9037. It is currently trading around 0.9070. Short term trend is...
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