FxWirePro: AUD/JPY holds cloud top support at 82.90, good to go short on breaks below
Apr 07, 2016 06:52 am UTC| Technicals
AUD/JPY broke rising trendline support at 84 on Tuesdays trade, downside capped by daily cloud which is strong support. Pair struggles to breach cloud top currently at 82.90, we see scope for further downside only on...
FxWirePro: EUR/USD hedging and speculating sides as per OTC adjustments
Apr 07, 2016 06:44 am UTC| Technicals
The implied volatility of ATM contracts for next 3M - 1Y expiries of this the pair is flashing at around 10.5%, that is when vital economic and geopolitical announcements are scheduled such as UK referendum (on June 23rd),...
FxWirePro: NZD/JPY breaks strong support at 74.25, targets 73.55
Apr 07, 2016 06:24 am UTC| Technicals
NZD/JPY has breached strong trendline support at 74.25, we see scope for test of 73.55 levels. Price action in the pair has dipped below daily cloud. 5-DMA has shown a bearish crossover on 10-DMA. Stochs are...
FxWirePro: EUR/USD trades higher on dovish FOMC Minutes, good to buy at dips
Apr 07, 2016 05:58 am UTC| Technicals
Major resistance 1.14380 Major support - 1.1320 (55 day 4H EMA) The pair has recovered from the low of 1.13266 after dovish FOMC minutes .EUR/USD jumped till 1.14319 and closed near to 1.1400 level. US Mar...
Apr 07, 2016 05:31 am UTC| Technicals
Today, both ECB and Fed chairpersons are scheduled to speak on their respective economies and monetary policies to suit their economic conditions. Volatility is often experienced during her speeches as traders attempt...
FxWirePro: USD/JPY under extreme selling pressure, test of 107.50 likely
Apr 07, 2016 05:29 am UTC| Technicals
USD/JPY under extreme selling pressure, extending downside as we write. The pair has hit fresh 1 1/2 yearlows of 108.84, test of 107.50 likely. BOJ governor Kuroda crossed the wires today, saying that they are...
FxWirePro:NZD/CAD faces strong support around 0.8850, good to sell on rallies
Apr 07, 2016 05:14 am UTC| Technicals
Major resistance 0.9020 Major support -0.8850 The pair has retreated after making a high of 0.89605. It is currently trading around 0.89191. Intraday trend is weak as long as resistance 0.8970...
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