Dec 09, 2016 11:20 am UTC| Technicals
The interim bulls have now halted in the recent past, slide below strong support at 1.26 levels and you could see buying momentum is absolutely shrunk away (see daily charts). Rallies may extend but bulls attempts...
FxWirePro:FTSE100 faces strong resistance around 7000, good to buy on dips
Dec 09, 2016 10:34 am UTC| Technicals
Major resistance 6885 (Nov 23rd high) Major support -6610 The index recovered sharply after making a low of 6687 and has broken major resistance at 6885. It is currently trading around 6940. On the higher...
FxWirePro: Bearish RSI divergence on copper charts, good to go short on rallies
Dec 09, 2016 09:33 am UTC| Technicals
Copper is extending downside from 6-month highs of 0.752 hit on Nov 27. We have noticed a bearish RSI divergence on daily charts. MACD line has also shown a bearish crossover on signal line. Support levels -...
GBP/CAD breaks major trend line support , targets 1.6350
Dec 09, 2016 09:08 am UTC| Technicals
Major support - 1.6650 (trend line joining 1.6568 and 1.66142) GBP/CAD has broken major support 1.6650 and declined sharply till 1.6566 at the time of writing. It is currently trading around 1.6600. On the lower...
FxWirePro: South Korean won largely muted after President Park's impeached vote
Dec 09, 2016 08:44 am UTC| Technicals
South Koreas Parliament voted on Friday to impeach President Park Geun-hye following weeks of damaging disclosures in a corruption scandal. Her powers will now be suspended as the Constitutional Court considers...
FxWirePro: USD/CHF faces strong resistance at 1.0205, good to buy on dips
Dec 09, 2016 07:39 am UTC| Technicals
Major resistance 1.02048 (Nov 30th high). Major support 1.0000 (100% projection of 1.0248 and 1.00672 from 1.01817). The greenback has renewed buying interest after declining till taking support near...
Dec 09, 2016 07:25 am UTC| Technicals
EUR/JPY attempts tepid recovery after Thursdays slump, but upside lacks traction. The pair has slipped below 5-DMA after ECB held rates at policy meeting on Thursday, traders reacted negatively to the ECBs dovish...
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