FxWirePro: AUD/CAD multiple rejections at trendline reinforce downside, good to short rallies
Feb 15, 2016 06:38 am UTC| Technicals
AUD/CAD has shown multiple rejections at falling trendline resistance in the previous week. The pair has been trading a falling wedge and price action has been contained within the daily cloud. Strong resistance...
U.S Oil trades above major resistance $29.05, jump till $31.50 is possible
Feb 15, 2016 06:25 am UTC| Technicals
Major resistance - $29.05 (7 day EMA) Major support - $28.20 US oil has closed above $29.05 on Friday and jumped till $29.63. It is currently trading above $29.40. Short term trend is bullish as long as...
Feb 15, 2016 06:09 am UTC| Technicals
JapansGDP contracted 0.4% QoQ basis, or an annualized 1.4%, in the fourth quarter, hit by sluggish consumer spending amid a slow wage recovery and uncertain growth prospects. The recent bout of global risk aversion...
FxWirePro: EUR/CAD slips below 1.55 handle, good to sell rallies
Feb 15, 2016 06:01 am UTC| Technicals
EUR/CAD upside run seems to have stalled at 1.5914 highs on Thursday, 11th Feb, pair slips below 1.55 handle. Price action on the day has been rejected at highs by 1.5590 and the pair has edged lower, broken below...
Feb 15, 2016 05:52 am UTC| Technicals
Yuan hits strongest level in 2016. It made intraday high at 6.5710 and low at 6.4904 levels. A daily close above 6.6042 levels will drag the parity around 6.6755 marks. Alternatively, downfall from 6.6042 levels will...
EUR/USD faces strong resistance around 1.12620, break above targets 1.1375/1.1435
Feb 15, 2016 05:48 am UTC| Technicals
Major resistance - 1.12620 (trend line joining 1.13760 and 1.13248) Major support - 1.1178 (55 day 4H EMA) The pair has retreated after making a high of 1.1335 on Friday . It is currently trading around 1.12157. On the...
FxWirePro: EUR/JPY correcting from lows, good to buy dips
Feb 15, 2016 05:34 am UTC| Technicals
EUR/JPY has started to correct higher from near channel base, the pair is edging higher as we write, currently at 127.86. Technical indicators have already corrected extreme oversold reading, RSI and Stochs point...
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