USD/CHF faces strong resistance at 0.9960, break above confirms minor bullishness
Mar 29, 2017 09:00 am UTC| Technicals
Major resistance 0.9960 The pair recovered sharply after making a low of 0.98136 on 27th Mar 2017. USD/CHF broken the 200 day MA at 0.9922 and closed slightly above that level yesterday. It should break above...
USD/CHF faces strong resistance at 0.9960, break above confirms minor bullishness
Mar 29, 2017 09:00 am UTC| Technicals
Major resistance 0.9960 The pair recovered sharply after making a low of 0.98136 on 27th Mar 2017. USD/CHF broken the 200 day MA at 0.9922 and closed slightly above that level yesterday. It should break above...
FxWirePro: EUR/JPY finds stiff resistance at 120.80, intraday bias bearish, good to stay short
Mar 29, 2017 08:29 am UTC| Technicals
EUR/JPY is grinding along major trendline support currently at 119.65. Upside finds stiff resistance at 120.80 (converged 100-DMA, 50-DMA and cloud base). We would any signs of reversal only on close...
FxWirePro: EUR/SEK breaks key resistance at 9.5522, bias remains bullish
Mar 29, 2017 08:24 am UTC| Technicals
EUR/SEK is currently trading around 9.5704 levels. It made intraday high at 9.5711 and low at 9.5403 levels. Intraday bias remains bullish for the moment. A sustained close above 9.5522 tests key resistances...
FxWirePro: USD/CNY jumps above 6.89 mark, PBOC sets yuan mid-point at 6.8915
Mar 29, 2017 07:30 am UTC| Technicals
USD/CNY is currently trading around 6.8917 marks. It made intraday high at 6.8938 and low at 6.8778 levels. Intraday bias remains bullish till the time pair holds key support at 6.8683 mark. A sustained...
FxWirePro: NZD/USD breaks below 5-DMA, bias lower, good to go short on rallies
Mar 29, 2017 07:20 am UTC| Technicals
Broad-based USD strength seen amid risk-on and rising yields as markets continue to factor in rate hikes from the Fed this year. US 10yr treasury yields moved higher and rallied off 2.36% to 2.42%. NZD/USD trades...
Mar 29, 2017 06:57 am UTC| Technicals
The current price behavior of this pair has been sliding through falling wedge formation (refer daily chart). The current upswings struggle to go above 7DMAs, more dips likely upon bearish DMA crossover Ever since...
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