FxWirePro: USD/JPY outlook weaker on renewed downside pressure
Jun 15, 2016 14:00 pm UTC| Technicals
USD/JPY pair inched higher initially in European session up to 106.36, but declined slightly in the early US session after data showed US producer price index printed positive figures. Producer price index for final...

Jun 15, 2016 11:37 am UTC| Technicals
Major resistance- 1.2920 (daily Kijun-Sen and support turned into resistance ) Loonie has jumped till 1.28773 today morning and is currently trading around 1.28707. It is facing resistance around 1.2905 and slight...

GBP/JPY breaks minor trend line resistance, targets 152.40/153.80
Jun 15, 2016 09:36 am UTC| Technicals
Pattern Formed- Bullish divergence Minor trend line resistance -150.60 (trend line joining 157.95 and 156.26) The pair has recovered after making a low of 149.65 today. It is currently trading around 151. GBP/JPY...

FxWirePro: EUR/JPY rejected at stiff trendline resistance by 119.35, good to sell rallies
Jun 15, 2016 08:31 am UTC| Technicals
EUR/JPY pauses downside and is attempting a minor recovery from new multi-year lows at 118.51 hit on 14th June. Upside in the pair finds stiff trendline resistance at 119.35, struggles to break above. Hourly 50-SMA at...

S&P 500:Bullish Divergence and 61.8% retracement
Jun 15, 2016 08:29 am UTC| Technicals
Pattern formed classic bullish divergence Potential Reversal Zone- 2060 SP500 has recovered after making a low of 2063.70.it is currently trading around 2078. Short term trend is lightly bullish as long as...

Jun 15, 2016 08:12 am UTC| Technicals
USD/ZAR is currently trading around 15.27 levels. It made intraday high at 15.35 and low at 15.25 levels. Intraday bias remains bullish till the time pair holds key support at 15.12 marks. A daily close...

FTSE100 forms bullish divergence pattern, slight jump till 6,100 is possible
Jun 15, 2016 07:18 am UTC| Technicals
Pattern formed Bullish divergence (CCI (50) and RSI (14) Potential Reversal Zone (PRZ) 5,845 (Feb 24th 2016) The index has recovered yesterday after making a low of 5,906 yesterday. It is currently trading...