US oil forms Big-M pattern, break below $45.80 confirms major trend reversal
Jul 06, 2016 05:33 am UTC| Technicals
Pattern formed- Big M-pattern Major support - $45.80 (Jun 27th 2016 low) Major intraday resistance -$47.30 (hourly Kijun-Sen) US oil has made a low of $46.13 and slightly recovered from that level. It is...
FxWirePro: EUR/JPY recovers from 2-week lows of 111.03, bias lower
Jul 06, 2016 05:32 am UTC| Technicals
EUR/JPY hit 2-week lows of 111.03 in Asian session today after risk-off on renewed concerns over Brexit after-effects boosted yen demand. The pair has since recovered some losses to currently trade around 111.55...
FxWirePro: AUD/JPY recovers from session lows of 74.55, momentum studies bearish
Jul 06, 2016 04:59 am UTC| Technicals
AUD/JPY is extending slump for a second consecutive session, renewed concerns over Brexit after-effects boosted Yen demand. The pair extends downside from Tuesday, hits lows of 74.55 before paring some losses to...
FxWirePro: USD/ZAR touches 14.85 mark in early hours of Asia, upside limited
Jul 06, 2016 04:33 am UTC| Technicals
USD/ZAR is currently trading around 14.82 levels. It made intraday high at 14.85 and low at 14.72 levels. Intraday bias remains bullish till the time pair holds key support at 14.75 marks. A daily close...
FxWirePro: USD/JPY recovers from lows of 100.58, BOJ verbal intervention likely halts downside
Jul 06, 2016 04:17 am UTC| Technicals
Risk-off reinforced by renewed concerns over Brexit after effects boosted safe-haven flows for the Japanese yen. USD/JPY slipped below the 101 handle to hit lows of 100.58, before paring some losses to currently trade...
FxWirePro: AUD/NZD back around 1.0450 mark, bias highly neutral
Jul 06, 2016 02:54 am UTC| Technicals
AUD/NZD is trading around 1.0455 marks. Pair made intraday high at 1.0475 and low at 1.0423 marks. Intraday bias remains neutral till the time pair holds key support at 1.0450 marks. On the top side, a...
FxWirePro: AUD/USD breaks major support at 0.7450, stay short
Jul 06, 2016 02:51 am UTC| Technicals
Brexit fallout continues to worsen, flight to safety is helping currencies like Yen and weakening high yielding and commodity currencies. Downward pressure on the Aussie evident, AUD/USD slips below the 0.75 handle to...
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