FxWirePro: USD/JPY pauses decline, downside risk remains
Apr 06, 2016 13:17 pm UTC| Technicals
USD/JPY pair in the early US session has paused to trade around 110.35 levels, having declined down earlier towards 110.22 during the previous European session. The pair is trading a few pips above its daily opening,...
Apr 06, 2016 13:12 pm UTC| Technicals
Canadas trade deficit increased to its largest in 4 months CAD 1.9 billion in February of 2016 from a downwardly revised CAD 0.63 billion gap in January and above market expectations of CAD 0.9 billion. Exports dropped...
FxWirePro: CAD/JPY downtrend intact- add leveraging effects via digital puts
Apr 06, 2016 13:01 pm UTC| Technicals
You see a day highs at 84.274 to drop back to form a bear candle with US session to spare. Seems quite weaker after break below support at 84.348 levels. Current prices are well below 7 21DMAs. Most notably, you...
Apr 06, 2016 12:27 pm UTC| Technicals
This pairs bearish strength has been extremely robust after violating supports at 94.3766, Sterling managed to gain against Indian rupee but collapsed at day highs of 97.3747 levels (see circled areas how strongly it has...
Cable breaks major support at 1.4050, decline till 1.3920 is possible
Apr 06, 2016 12:04 pm UTC| Technicals
Major support - 1.4050 (Mar 16th 2016) Major Intraday Resistance - 1.4010 (Support turned into resistance) Cable has broken major support 1.4050 and declined till 1.40280 at the time of writing from that level....
Apr 06, 2016 11:52 am UTC| Technicals
Major Intraday support -1.3100 (trend line joining 1.2857 and 1.30024) The pair has retreated after making a high of 1.32186. It is currently trading around 1.31469. Intraday trend is slightly bullish as long as...
FxWirePro: DAX30 forms Bullish Bat Pattern, good to buy at dips
Apr 06, 2016 11:50 am UTC| Technicals
Harmonic Pattern formed Bullish Bat Pattern Potential reversal Zone (PRZ) 9395 The index has made a low of 9501 and slightly recovered from that level. It is currently trading around 9667. Short term trend...
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