FxWirePro: CHF/JPY faces strong support at 112.80, good to buy at dips
Apr 20, 2016 11:50 am UTC| Technicals
Major resistance 114 Major support 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80...
FxWirePro: Should we see Sterling further breakdown – FX swaps strategies
Apr 20, 2016 11:32 am UTC| Technicals Commentary
Weve shifted back to the top of the recent range as UKs claimant count change and unemployment data announced today, Change in the number of people claiming unemployment remained at 6.7K -related benefits during the...
FxWirePro: AUD/JPY rejected at session lows, finds strong support at 84.60
Apr 20, 2016 10:52 am UTC| Technicals
AUD/JPY finds strong support by 5-DMA at 84.60, pair has held support and edged higher to currently trade at 85.28. Technicals on daily charts point to furher gains. Pair on track to test next hurdle at 85.87 (double...
Cable breaks major trend line resistance, targets 1.4500 24 mins
Apr 20, 2016 10:16 am UTC| Technicals
Major resistance - 1.4370 (trend line resistance 1.45145 and 1.44590) Cable breaks major resistance yesterday and closed well above that level. It is currently trading around 1.4400. Minor trend is slightly...
FxWirePro: FTSE100 faces strong resistance at 200 W MA, good to sell on rallies
Apr 20, 2016 10:15 am UTC| Technicals
Major resistance- 6430 (200 W MA) Major support 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375. Overall trend is...
FxWirePro: Right time to deploy shorts in GBP/AUD PRBS for long term hedging
Apr 20, 2016 10:14 am UTC| Technicals
Technically, we kept urging for GBPAUDs weakness ever since the formation of gravestone doji and hanging man patterns in last September and November, now almost within 1-months time frame, it has shown declines of 0.37%...
Apr 20, 2016 09:58 am UTC| Technicals
Number of people in UK claiming unemployment benefits increased by 6,700 in March, the first rise since August 2015. Unemployment rate held steady at 5.1%, but the actual number of unemployed rose for the first time...
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