FxWirePro: USD/JPY almost flat at 102.55 mark in early hours, bias bearish below 103.38
Jul 04, 2016 01:15 am UTC| Technicals
USD/JPY is currently trading around 102.55 marks. It made intraday high at 102.67 and low at 102.42 levels. Intraday bias remains bearish till the time pair holds key resistance at 103.38 marks. A daily...
FxWirePro: EUR/USD reverses recent rally, bias back to downside
Jul 01, 2016 16:19 pm UTC| Technicals
EUR /USD pair inched higher initially on Friday on reduced expectations of a U.S. interest-rate hike this year. But declined, after better-than-expected U.S. ISM manufacturing index figures. At the moment the pair is...
FxWirePro: GBPUSD outlook weaker on renewed downside pressure
Jul 01, 2016 15:05 pm UTC| Technicals
GBP/USD declined in early US session, after U.S. ISM manufacturing index increased in June. The national factory activity rose to 53.2 from 51.3 the month before. The reading was above expectations of 51.4. The pair...
Jul 01, 2016 12:50 pm UTC| Technicals
Major resistance- 79.95 (55 4H EMA) CAD/JPY has made a high of 79.95 yesterday and started to decline from that level. It is currently trading around 79.19. Short term trend is bearish as long as resistance 80...
Jul 01, 2016 11:27 am UTC| Technicals
From last 6-8 months of consolidation pattern has been showing little spikes but hanging at channel resistance and at 7EMA. We now emphasize 0.7259 (7DMA areas) as a strong support on the upswings as shown on the daily...
US Oil trades well below 200 HMA, decline till $46.80 likely
Jul 01, 2016 11:12 am UTC| Technicals
Major resistance- $48.65 (200 HMA) Major support - $47.80 (50% retracement of $45.81 and $49.97). US oil has broken major support $48 and declined till $47.88. It is currently trading around $47.95. In...
FxWirePro: AUD/CHF faces strong support at 0.7230, good to buy at dips
Jul 01, 2016 09:28 am UTC| Technicals
Major resistance 0.7380 (61.8% retracement of 0.7574 and 0.70323) Major support 0.7230 (daily Tenkan-Sen) AUD/CHF has recovered sharply after making a low of 0.72317 yesterday. It is currently trading around...
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