FxWirePro: Japanese yen marginally lower despite higher than expected manufacturing PMI data
Jan 24, 2017 01:02 am UTC| Technicals
USD/JPY is currently trading around 112.80 marks. It made intraday high at 112.93 and low at 112.52 levels. Intraday bias remains neutral till the time pair holds key support at 112.57 levels. A daily close...
FxWirePro: USD/JPY changes short term trend from neutral to bearish
Jan 23, 2017 16:04 pm UTC| Technicals
USD/JPY declined in the US session as unease over the economic policies of U.S. President Donald Trump pushed investors towards safe heaven Japanese yen. Trump confirmed that he would begin renegotiating the North...
Jan 23, 2017 11:45 am UTC| Technicals
Major resistance - 1.2435 (trend line joining 1.34450 and 1.27500). Cable breaks major trend line resistance at 1.2435 and jumped till 1.24719. It is currently trading around 1.24480. The pair upside capped by...
GBP/USD trades slightly above trend line resistance, targets 1.2560
Jan 23, 2017 10:41 am UTC| Technicals
Major resistance - 1.2435 (trend line joining 1.34450 and 1.27500).Cable breaks major trend line resistance at 1.2435 and jumped till 1.24719. It is currently trading around 1.24610. The pair upside capped by 61.8%...
FxWirePro: FTSE100 faces strong support at 7130, good to sell on rallies
Jan 23, 2017 09:04 am UTC| Technicals
Major support 7130 (resistance turned into support). Major resistance 7360 FTSE100 has broken major support at 20- day MA and declined till 7129 at the time of writing. It is currently trading around...
Jan 23, 2017 08:57 am UTC| Technicals
The gold price has constantly been dragging the rallies above 7DMA (refer daily charts) ever since it tested thesupport at 23.6% Fibonacci levels on weekly plotting to the current 1213 levels (refer weekly...
FxWirePro: NZD/USD struggles at major trendline resistance at 0.7225, bias higher
Jan 23, 2017 08:52 am UTC| Technicals
Fundamental Factors: Trumps failure to deliver something concrete in respect to economic reforms in his inauguration speech weighs on USD. SPs last week affirmed New Zealands AA foreign currency rating and AA+...
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