
FxWirePro: AUD/JPY extends downside after rejection at cloud top
Mar 09, 2016 06:13 am UTC| Technicals
AUD/JPY is extending downside for the second consecutive day. Cloud-top at 84.96 is strong resistance for the pair, upside in the pair is capped below cloud-top. Breaks above could see test of 86.20. Price...

Mar 09, 2016 06:06 am UTC| Technicals
We think that not only the risks appear in euro zone matters for tomorrows ECB monetary policy but the fear of broader global risks now appears majorly to outweigh worries about further ECB policy easing. Given concerns...

FxWirePro: GBP/USD faces strong resistance at 1.42760, good to sell on rallies
Mar 09, 2016 05:58 am UTC| Technicals
Major resistance - 1.42760 (trend line joining 1.46633 and 1.45704) Minor support - 1.41950 The pair has broken minor support 1.4195 after making a high of 1.42760 and declined till 1.41769 at the time of...

FxWirePro: Gold fails to break major resistance at $1278, intraday bias remains slightly bearish
Mar 09, 2016 05:57 am UTC| Technicals
Pair is currently trading around $1253 levels. It made intraday high at $1264 and low at $1251 levels. Intraday bias remains bearish for the moment. A daily close below $1237 will drag the parity around...

FxWirePro: Risk aversion weighs on USD/JPY, downside likely to test 112.30 levels
Mar 09, 2016 05:15 am UTC| Technicals
Worse-than expected Chinese trade figures and oil price sell-off continues to weigh on market sentiment. USD/JPY largely range-bound in the Asian session, after two consecutive days of losses. The pair find strong...

FxWirePro: NZD/USD edges lower from session highs at 0.6750, good to sell rallies
Mar 09, 2016 05:13 am UTC| Technicals
Kiwi unable to extend gains beyond 0.6819 and is extending downside for the third consecutive session. Renewed bout of risk-aversion hit markets after the PBOC slightly devalued yuan today after three back-to-back...

Mar 09, 2016 04:52 am UTC| Technicals
EUR/JPY major trend is bearish, long term investors and foreign traders never buck the major trend. Major downtrend drifting southwards in sloping channel but channel base at 122.498 is also broken that signifies the...