CAD/JPY breaks trend line resistance at 78.75, targets 80.31/81.85
Oct 14, 2016 08:18 am UTC| Technicals
Major resistance-78.75 (trend line joining 82.52 and 80.31) Major support 77.40 (21- day MA) CAD/JPY has taken support near 21- day MA and started to jump from that level. It is currently trading around...
FxWirePro: USD/ZAR steady around 14.25 mark, bias remains neutral
Oct 14, 2016 08:05 am UTC| Technicals
USD/ZAR is currently trading around 14.23 levels. It made intraday high at 14.30 and low at 14.18 levels. Intraday bias remains bullish till the time pair holds key support at 14.20 marks. A daily close...
FxWirePro: EUR/JPY bounces off 20-DMA with spinning top formation, downtrend intact
Oct 14, 2016 07:03 am UTC| Technicals
EUR/JPY holds 20-DMA support at 114.07, momentum studies remain bearish. Major resistance lies at 100-DMA at 115.43, break above finds next hurdle at 116 (trendline). Break below 20-DMA support at 114.06 could...
FxWirePro: USD/TRY faces strong support at 3.0712; stay bullish
Oct 14, 2016 07:02 am UTC| Technicals
USD/TRY is currently trading at 3.0937 levels. It made intraday high at 3.0955 and low at 3.0799 levels. Intraday bias remains bullish for the moment till the time pair holds key support at 3.0712...
FxWirePro:GBP/JPY forms Bearish Gartley Pattern, good to sell on rallies
Oct 14, 2016 06:59 am UTC| Technicals
Harmonic Pattern Formed; Bearish Gartley pattern Potential Reversal Zone (PRZ) -127.70 The pair has jumped till 127.38 from the low of 125.98 made yesterday. It is trading around 127.04. Short term trend is...
Oct 14, 2016 06:46 am UTC| Technicals
Despite the gains in GBPUSD from last two days, we suggest not to get bull trapped. Bears may resume at any time with attempts of sliding further as the current prices have remained well below 7DMA in spite of two days...
FxWirePro: USD/INR hovers around key resistance at 66.87, India’s WPI inflation data in focus
Oct 14, 2016 06:19 am UTC| Technicals
USD/INR is currently trading around 66.82 marks. It made intraday high at 66.87 and low at 66.72 marks. Intraday bias remains bearish till the time pair holds immediate resistance at 66.87 marks. Key...
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