
Nikkei225 faces strong support at 16420, good to buy at dips
Mar 10, 2016 03:02 am UTC| Technicals
Major support -16420 ( trend line joining 14770 and 15523) Major Resistance - 17200 The index has recovered after making a low of 16493. It is currently trading around 16784. The index is facing minor...

US Oil breaks major resistance $38.40, targets $41
Mar 10, 2016 02:53 am UTC| Technicals
Major resistance - $38.40 (8th Mar high) Major support - $37 US Oil has broken major resistance $38.40 and jumped till $38. is currently trading around $38.22. Any break above $38.40 confirms minor trend...
USD/JPY opens tad higher; Nikkei futures +0.75%
Mar 09, 2016 22:44 pm UTC| Technicals
111.00 February double bottom a base; 115.07 38.2% 2016 fall pivotal resistance Neutral momentum studies, 5, 10 20 DMAs coil - little bias 113.00 580M, 113.45-50 500M 114.00 1.8BLN options strikes...
EUR/USD opens tad lower, as consolidation below 1.1043 200 DMA extends
Mar 09, 2016 22:39 pm UTC| Technicals
Market focus on ECB and expects expanding QE deposit rate cut Neutral momentum studies, 5, 10 20 DMAs conflict - suggests consolidation 1.0950 1BLN, 1.0990-1.1000 1BLN 1.1040-50 940M strikes a magnet/contain NY -...
FxWirePro: AUD/USD regains upwards momentum, 0.7540 a key barrier
Mar 09, 2016 18:38 pm UTC| Technicals
AUD/USD inched higher to trade around 0.7509 on Wednesday as the pair once again found buying interest after a short dip on weak Chinese trade data. Much of the move was further gains in iron ore provided support to...
FxWirePro: USDJPY neutral near-term, scope for upward resumption
Mar 09, 2016 16:44 pm UTC| Technicals
The USD/JPY pair initially slipped towards lower levels during European session, however the pair after finding strong support at 112.22 rebounded strongly and is moving towards higher side. Currently the pair is...
FxWirePro: Gold retreats from 13-month high, outlook remain bullish
Mar 09, 2016 15:18 pm UTC| Technicals
Gold has slipped lower on Wednesday as investors remained cautious ahead of European Central Bank Meeting on Thursday, which is expected to lower interest rate deeper into negative territory and ease monetary policy...