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EUR/USD breaks minor trend line support, targets 1.0800

Jan 19, 2016 07:13 am UTC| Technicals

Minor trend line support - 1.0875 (trend line joining 1.0849 and 1.08692) The pair has broken minor trend line support around 1.0875 which confirms minor weakness , decline till 1.0800 is possible . Short term...

FX Hedging Strategy Series

FxWirePro: EUR/CAD Bearish Gartley on weekly evidencing daily price dips – expect further slumps for TP at 1.5425

Jan 19, 2016 07:03 am UTC| Technicals

On both weekly and daily price analysis of EURCAD we spotted bearish signals which are red flags for bulls. On daily charts, as you can observe a Doji with highs of 1.5745 on 14th has occurred that is where the bearish...

USD/HKD hits 1-year high on weak Chinese economy and rising interest rates

Jan 19, 2016 06:57 am UTC| Technicals

USD/HKD hits 7.80 for the first time since Sep 2011.it is expected to go up further in the coming months. The combination of US interest rate hike and slow down in Chinese economy is expected to put more pressure on...

Loonie slightly recovers from 12-1/2 Year lows

Jan 19, 2016 06:38 am UTC| Technicals

The USD/CAD pair edged down amid thin trade on Monday, with markets largely focused on the oil price outlook. Today China also released GDP data with negative figures. US markets were shut yesterday in observance of...

USD/CHF faces trend line resistance around 1.0880, break above targets 1.018/1.0250

Jan 19, 2016 06:19 am UTC| Technicals

Major Resistance - 1.0880 (trend line joining 1.0124 and 1.0106) Major intraday support -1.00350 (7 day EMA) Any break above trend line resistance 1.0880 will take the pair to next level around...

FxWirePro: Dow Jones faces strong support around 15650, good to buy at dips

Jan 19, 2016 05:49 am UTC| Technicals

Major support : 15650 (trend line joining 10402 and 15193) The index has declined till 15837 and started to recover from that level. Short term trend is slightly bullish as long as support 15650 holds. Any break below...

Intraday bias for Gold remains neutral

Jan 19, 2016 05:41 am UTC| Technicals

Gold is in wait-and-see mode on Tuesday, trading 0.01% lower at $1,090.60 per troy ounce. Investors remain worried over the global growth outlook, as Chinese Q4 GDP data came below market expectations WTI crude oil is...

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