FxWirePro: EUR/JPY breaks strong trendline support at 125.26, good to sell rallies
Apr 06, 2016 10:59 am UTC| Technicals
EUR/JPY is retreating from last weeks tops just above 128.00, and has breached strong trendline support at 125.26. Momentum studies are bearish, confirming further downside in the pair. Immediate support is seen...
FxWirePro: AUD/CAD rises from lows of 0.9897, finds strong resistance at 0.9950
Apr 06, 2016 10:14 am UTC| Technicals
AUD/CAD downside on Tuesday found support by the daily cloud, currently spanning 0.9778 to 0.9884. The pair took support by cloud top at 0.9893 and edged higher to currently trade around 0.9941 levels. Momentum...
FxWirePro: USD/INR bounces above 7DMA but finds resistance at 21DMA - INR hedging ideas for FX risks
Apr 06, 2016 09:24 am UTC| Technicals
Technical glimpse: The breakdown in USD/INR continues with a renewed trending bias. The break out above of the resistance 66.68 zone (Jan breakout/21DMA) highlights the importance of the upward targets. Otherwise,...
US OIL breaks major trendline resistance, jump till $38.55/$39.30 is possible
Apr 06, 2016 09:23 am UTC| Technicals
Major resistance - $36.40 (trend line joining $39.82 and $39.01) Major support - $36 (55 day EMA) US Oil has broken major resistance $36.40 and jumped till $37.05 at the time of writing .It is currently trading...
FxWirePro: EUR/SEK hovers around 9.25, good to sell on rallies
Apr 06, 2016 08:22 am UTC| Technicals
EUR/SEK is currently trading around 9.2502 levels. It made intraday high at 9.2560 and low at 9.2371 levels. Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks. Intraday bias...
FxWirePro: Gold forms bearish Bat Pattern, good to sell on rallies
Apr 06, 2016 07:57 am UTC| Technicals
Harmonic Pattern Formed Bearish Bat Pattern Potential Reversal Zone (PRZ) - $1240 The yellow metal has recovered till $1236.60 after making a low of $1214.84. Gold struggles to trade above $1240 and selling...
FxWirePro: USD/CAD faces strong support around 1.3100, good to buy at dips
Apr 06, 2016 07:35 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...
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