FxWirePro: AUD/NZD holds trendline support at 1.0570 levels, good to go long on dips
Feb 12, 2016 03:21 am UTC| Technicals
AUD/NZD has taken rising trendline support at 1.0570 levels and edged higher on the day. Daily Stochs have shown a bullish crossover in oversold territory, while RSI has turned higher after dipping below 40...
Major Asian Indices Technicials
Feb 12, 2016 03:08 am UTC| Technicals
Nikkei Nikkei breaks major support around 15000 and declined till 14855 at the time of writing. It is currently trading around 14885. Short term trend is weak as long as resistance 15600(55 day H EMA) holds. Any...
Feb 11, 2016 15:56 pm UTC| Technicals
The yellow metal surged higher on Thursday to hit one year high as financial instability and weaker dollar forced investors to take shelter in yellow metal. Gold declined initially in the early European session,...
FxWirePro: USD/JPY downtrend loses steam but outlook still bearish
Feb 11, 2016 15:18 pm UTC| Technicals
The USD/JPY pair sunk sharply towards lower levels on Thursday, hitting as low as 110.90, its sharpest decline since 2008 as sharp decline in US and European stocks pushed investors towards safe heaven Japanese...
FxWirePro: AUD/USD gains some upside momentum but still bearish
Feb 11, 2016 14:32 pm UTC| Technicals
AUD/USD declined on Thursday as investors switched to safe heaven assets as another fall in oil prices and cautious comments from Federal Reserve caused more worries about global economy. After hitting...
Feb 11, 2016 13:19 pm UTC| Technicals
The AUD/USD and USD/CAD belong to the commodity block and are sensitive to common factors like Fed policy, commodity prices and China growth. The relationship is currently not linear, meaning that one pair reacts more than...
FxWirePro: EUR/USD faces major support at 1.1250, good to buy at dips
Feb 11, 2016 12:31 pm UTC| Technicals
The pair has retreated after making a high of 1.1356 at the time of writing. It is currently trading around 1.13190. Short term trend is bullish as long as support 1.1250 holds. On the lower side major support...
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