FxWirePro: BTC/USD struggles to break above $400, good to sell on rallies
Jan 20, 2016 07:01 am UTC| Technicals
BTC/USD has broken major trend line support $400 (trend line joining $294 and $310) and declined till $350. It is currently trading around $375. Short term trend is bearish as long as resistance $408...
FxWirePro: GBP/USD hits 6-year low, good to sell on rallies
Jan 20, 2016 06:36 am UTC| Technicals
GBP/USD has broken major support 1.4250 and hits fresh 6- year low around 1.41290. It is currently trading around 1.4156. Pound Sterling declined against all major pairs on Tuesday after more dovish comments by BOE...
GBP/CHF hits 6-month low on dovish comments by BOE governor
Jan 20, 2016 06:17 am UTC| Technicals
GBP/CHF has reached 6 month low at 1.4147 and is currently trading around 1.4156. Pound Sterling declined against all major pairs on Tuesday after more dovish comments by BOE Governor Mark Carney. On the economic front...
Call updates - AUD/NZD targets achieved, book full profits
Jan 20, 2016 06:12 am UTC| Technicals
AUD/NZD call (http://www.econotimes.com/AUD-NZD-Trade-Idea-145280) has achieved both targets, book full profits. Strong resistance is seen at 1.0876 which is both trendline resistance and 61.8% Fib of 1.1087 to 1.0539...
FxWirePro: GBP/CAD faces strong resistance around 2.094, good to sell on rallies
Jan 20, 2016 05:30 am UTC| Technicals
Major support -2.035 Major resistance - 2.094 GBP/CAD has made a low of 2.050 yesterday and started to recover from that level. It is currently trading around 2.06966. Short term trend is still weak as long...
FxWirePro: NZD/USD breaks below strong support at 0.6425, good to sell rallies
Jan 20, 2016 04:21 am UTC| Technicals
Kiwi slumped in the Asian session as data showed inflation fell 0.5% in the December quarter, much weaker than the market forecast of a 0.2% drop. The annual change in the CPI was just a 0.1% increase, the weakest...
FxWirePro: Yen back in demand, good to sell USD/JPY rallies around 117.20, target 116.60
Jan 20, 2016 03:43 am UTC| Technicals
USD/JPY unable to hold above 118 handle in Tuesdays trade, currently falls below 5-DMA at 117.40. Yen in demand again as risk-off seeps back, on renewed sell-off in oil prices combined with global growth outlook cut by...
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