Bullion maintains the major resistance level, trading nearby day’s low
Jan 04, 2016 11:14 am UTC| Technicals
Bullion moved higher on Monday, boosted by a sliding US dollar and rising oil prices, after closing the previous year with around a 10% fall. Futures for gold added 1.09% to trade at $1,071.80 per troy ounce over the...
FxWirePro: Strong support for EUR/JPY at 129.67, breaks below could target 128.85
Jan 04, 2016 11:04 am UTC| Technicals
EUR/JPY fell sharply after recent consolidation ended, hit session lows at 129.74 and has since pared some losses to currently trade at 129.94 The pair has strong support at 129.67 (Nov 27 lows), breaks below could...
Major European Stock Technical Analysis
Jan 04, 2016 09:51 am UTC| Technicals
DAX: DAX has broken major support 10380 which confirms minor trend reversal a decline till 10120/10000 is possible. Overall trend is still weak as long as resistance 10700 holds. Any break above 10700 will take...
Jan 04, 2016 09:06 am UTC| Technicals
Following the post ECB easing season in early December that has delivered less than forecasted, subsequently the SNB also stood pat from easing. It still threatens to do more if necessary but shows a reluctance to deliver...
Jan 04, 2016 08:56 am UTC| Technicals
New Year sends red flag for bulls of AUDCHF with the formation of most likely big resembling bearish engulfing pattern at 0.7180 at current juncture on daily chart. AUDCHF bearish swings have been a slant decline, it...
USDCAD breaks minor trend line resistance around 1.3920, targets 1.4115
Jan 04, 2016 08:10 am UTC| Technicals
Major resistance -1.3920 (trend line joining 1.40018 and 1.3939) The pair has broken trend line resistance 1.3920 and jumped till 1.3935 at the time of writing. It is currently trading around 1.39320. On the...
FxWirePro: GBP/JPY ATM gamma puts in back spreads to monitor hedging objectives
Jan 04, 2016 07:51 am UTC| Technicals
The New Year series for GBPJPY has been unpleasant as we traced out gap down opening at 177.084 with day intraday lows at 175.796. Thereby, the pair has achieved our 1st targets at 177.125 and now our second target 175...
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