FxWirePro: NZD/JPY holds above trendline support at 76, good to long dips
Apr 20, 2016 09:26 am UTC| Technicals
NZD/JPY price action rages within the daily cloud which currently spans 75.81-77.72. Upside on daily charts has been capped at 78.6% Fib at 77.07, momentum still higher. Breaks above needed for further upside,...
FxWirePro: EUR/NOK fails to fall below 9.2127, good to buy on dips
Apr 20, 2016 08:27 am UTC| Technicals
EUR/NOK is currently trading at 9.2470 levels. It made intraday high at 9.2653 and low at 9.2121 levels. Intraday bias remains bullish till the time pair holds key support level at 9.2127. Alternatively, a...
Apr 20, 2016 08:26 am UTC| Technicals
Major downtrend seems still robust. We had stated in our previous post that the breaches below crucial supports at 2.0054 and 1.9302 may expose towards 50% retracement. As stated earlier, the pair has now created a...
FxWirePro: BTC/USD trades well above $428, jump till $450/$465 is possible
Apr 20, 2016 07:53 am UTC| Technicals
Major Resistance - $433 BTC/USD has broken major resistance $433 (Apr 16th high) and jumped till $437.50 at the time of writing. It is currently trading around $436. Minor trend is bullish as long as support $416 (55...
US Oil faces strong resistance at $42.40, break above targets $43.60/$45
Apr 20, 2016 07:13 am UTC| Technicals
Major resistance - $42.40 US Oil has made a high of $42.27 and slightly retreated from that level. It is currently trading around $41.40. The commodity has formed temporary bottom around $37.50 and recovered from...
FxWirePro: Gold forms Head and Shoulder pattern, good to sell on rallies
Apr 20, 2016 06:52 am UTC| Technicals
Pattern Formed- Head and Shoulder Pattern Neck line - $1217 The commodity has recovered after making a low of $1223.It is currently trading around $1247. Yellow metal jumped till $1257.88 and started to...
Apr 20, 2016 06:10 am UTC| Technicals
The recent bounces above 7DMA have now faced a stiff resistances at 157.178 (21DMA) and near upper trend line. Daily price slid below trend-line and 21DMA and the buying momentum is suspected from here onwards as RSI ...
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