GBP/USD breaks major support at 1.43650, decline till 1.4240 is possible
May 16, 2016 08:17 am UTC| Technicals
Major support 1.4367 (200 day 4H MA) Major resistance 1.4450 (55 day 4 H EMA) Cable has broken major support 1.4367 and declined till 1.4342. It is currently trading around 1.4354. On the lower side any...
FxWirePro: South African rand depreciates against US dollar, strong resistance falls at 15.53
May 16, 2016 08:03 am UTC| Technicals
USD/ZAR is currently trading around 15.4990. It made intraday high at 15.5277 and low at 15.4503 levels. Intraday bias remains bullish for the moment. A daily close below 15.45 will drag the parity down...
May 16, 2016 07:45 am UTC| Technicals
The shooting star candle pattern occurred at 1.5547 levels on daily at 1.5223 levels on monthly plottings, more bearish swings have been evidenced as a confirmation (see next bear candle after this pattern). Although...
FxWirePro: EUR/USD faces strong support at 1.1250, good to buy at dips
May 16, 2016 07:29 am UTC| Technicals
Major support 1.1250 (trend line joining 1.11527 and 1.12150) The pair has taken support near 55 day EMA and jumped till 1.13252 at the time of writing. It is currently trading around 1.13225. Short term trend...
FxWirePro: NZD/JPY faces stiff resistance at 73.80, good to buy breakout above
May 16, 2016 07:27 am UTC| Technicals
NZD/JPY extending upside after slight gap down open on the day following poor Chinese data over the weekend. The pair has broken trendline resistance at 73.75 on the hourly charts, but was rejected at next resistance...
FxWirePro: AUD/CAD holds above 78.6% Fib, focus on RBA minutes
May 16, 2016 06:52 am UTC| Technicals
AUD/CAD has bounced off strong support by 78.6% Fib level at 0.9368. Daily charts show hanging man formation on Fridays trade, which supports upside. The pair has hit session highs at 0.9439, and has since pared some...
FxWirePro: Euro strengthens against Swedish krona, intraday bias remains bullish
May 16, 2016 06:36 am UTC| Technicals
EUR/SEK is currently trading around 9.3305 levels. It made intraday high at 9.3316 and low at 9.3045 levels. Intraday bias remains bullish for the moment. A sustained break above 9.33 tests key resistances...
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