FxWirepro: GBP/JPY trades in narrow range, good to sell on rallies
Oct 21, 2016 11:15 am UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Minor resistance- 127.65 (55- 4H EMA). GBP/JPY has once again retreated after jumping till 127.68. It is currently trading around 126.95. On the...
S&P500 breaks minor trend line support, decline till 2112 likely
Oct 21, 2016 09:55 am UTC| Technicals
Major resistance -2150 (55- 4H EMA). Minor support - 2130. The index jumped slightly till 2149 after forming a temporary bottom at 2112.90. It is currently trading around 2137. On the lower side, any break...
Oct 21, 2016 09:01 am UTC| Technicals
The pair forms thedouble top pattern with the1st top at 116.365 levels and 2nd top at 116.280 levels on daily charts. The current prices have slid below DMAs and major supports after double top...
FxWirePro: 5-DMA caps upside in EUR/JPY, good to go short on rallies
Oct 21, 2016 08:51 am UTC| Technicals
5-DMA is capping upside in EUR/JPY, intraday bias lower. The pair has broken below 50-DMA, Technicals on daily charts support downside. We see scope for test of 112 (major trendline support). Major support...
CADJPY breaks major support at 78.60, targets 77.55.
Oct 21, 2016 08:48 am UTC| Technicals
Major support 78.60 (trend line joining 77.55 and 77.96). Major resistance- 79.66 (Oct 18th high). The pair breaks below 78.60 and declined till 78.33 at the time of writing .It is currently trading around...
FxWirePro: Prefer to go short on EUR/NOK around 8.9425 with stop loss at 8.9533 and target of 8.9235
Oct 21, 2016 08:15 am UTC| Technicals
EUR/NOK is currently trading at 8.9407 levels. It made intraday high at 8.9483 and low at 8.9379 levels. Intraday bias remains bearish till the time pair holds key resistance at 8.9533 marks. A sustained...
FxWirePro: NZD/USD grinds lower after rejection at major trendline resistance, good to short rallies
Oct 21, 2016 07:29 am UTC| Technicals
NZD/USD bias turns lower after rejection at major trendline resistance at 0.7265 on Thursdays trade. The pair is extending grind lower, has broken below major supports - 20-DMA (0.7186), 100-DMA (0.7184), 38.2% Fib...
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