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...
FxWirePro:AUD/CHF downside capped by 10 –day MA, good to buy on dips
Oct 21, 2016 07:11 am UTC| Technicals
Major support -0.7516 (10- day MA). Major resistance 0.76525 AUD/CHF has formed a temporary top around 0.76525 and declined sharply from that level till 0.75324.It is currently trading around 0.75935. The...
FxWirePro: USD/ZAR hovers around key resistance at 13.96 mark, consistent break above targets 14.15
Oct 21, 2016 06:56 am UTC| Technicals
USD/ZAR is currently trading around 13.95 levels. It made intraday high at 13.97 and low at 13.89 levels. Intraday bias remains neutral till the time pair holds key resistance at 13.96 marks. A daily...
FxWirePro: USD/JPY slips below 104 handle after reports of powerful earthquake in Japan
Oct 21, 2016 06:55 am UTC| Technicals
USD/JPY reversed early gains to slip below 104 handle after reports of apowerful earthquake off Japans West coast. The pair slumped from highs of 104.13 to hit 103.75 and has since stalled downside after Japan...
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