Feb 22, 2017 11:54 am UTC| Technicals Digital Currency Insights & Views
The pair is sensing a stiff trendline resistance at 1128 as the leading oscillators have reached overbought zone and a decisive breach above would likely drag rallies swiftly up to the recent highs of 1139.89.Bitcoin has...
GBP/USD trades in narrow range, break below 1.2400 confirms minor reversal
Feb 22, 2017 11:35 am UTC| Technicals
Major intraday support - 1.2400 (trend line joining 1.2345 and 1.23875) Major Resistance 1.2530 (50% retracement of 1.2706 and 1.2345) Cable has once again recovered and jumped slightly above 1.2500 level. It is...
FxWirePro: NZD/CAD bounces off 200-DMA at 0.9370, bias higher, stay long
Feb 22, 2017 10:20 am UTC| Technicals
NZD/CAD has held major support by 200-DMA at 0.9370 and bounced higher to currently trade at 0.9446. The pair has broken above 5-DMA. Technical studies on daily charts have turned bullish. We see some upside on...
EURUSD breaks major support at 1.05200, decline till 1.04530 likely
Feb 22, 2017 10:16 am UTC| Technicals
Major support - 1.05200 (Feb 15th low) Major resistance 1.0678 (21- day MA) EUR/USD formed a temporary top around 1.06793 on Feb 16th 2017 after declining till 1.05212. The pair has broken the support at 1.05200...
FxWirePro: GBP/USD struggles in range - options trades to tackle the range
Feb 22, 2017 10:11 am UTC| Technicals Insights & Views
Following another test of 1.2400-1.2345 support, GBPUSD rallied sharply yesterday afternoon to retrace the post-retail sales decline. On the flip side, from last three and a half months, the underlying pair is stuck in the...
Feb 22, 2017 09:35 am UTC| Technicals
On daily charts, the bears manage to slide below 21DMA after the rejection of stiff resistance of 1.2742 levels; the current prices remain well below 21DMAs despite the spikes from last two days. Todayagain bears resume at...
FxWirePro: USD/CHF breaks major resistance at 1.01180, good to buy on dips
Feb 22, 2017 09:16 am UTC| Technicals
Major resistance -1.0118 (Feb 15th 2017 high) Major support 0.99297 (Feb 8th 2017 low). USD/CHF broken minor top formed around 1.0118 and jumped slightly till 1.0130 level. Any break above 1.01180 confirms minor...
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