
Mar 07, 2016 08:12 am UTC| Technicals
Stronger than expected data out of the U.S. supported this weeks risk-on bias in global financial markets. Nonfarm payrolls took centre stage at the end of the week adding 242k jobs in February. Though we are of the...

FxWirePro: GBP/USD faces strong resistance at 1.4265, good to sell on rallies
Mar 07, 2016 07:49 am UTC| Technicals
Major resistance - 1.4265 (trend line joining 1.46680 and 1.45780 and 200 day 4H MA) The pair has retreated after making a high of 1.4248. It is currently trading around 1.41930. Short term trend is slightly weak...

Mar 07, 2016 07:35 am UTC| Technicals
Pair is currently trading at 3.7586 levels. It made intraday high at 3.7589 and low at 3.7390 levels. Pair recovered from its 5- month low at 3.6570 levels. Intraday bias remains neutral for the...

FxWirePro: EUR/JPY struggles at 125 handle, scope for upside rises
Mar 07, 2016 07:04 am UTC| Technicals
125 is strong resistance for EUR/JPY. the pair has slipped below the 125 handle after hitting session highs at 125.23 on the day. Techs show scope for upside is rising: - We see a bullish 5-DMA crossover on the...

US OIL breaks major trend line resistance, targets $38.60/$40
Mar 07, 2016 06:49 am UTC| Technicals
Major support - $34.80 (resistance turned into Support) Major resistance - $35.82 (trend line joining 560.91 and $48.25) USOIL broken the major resistance $35.80 and jumped till $36.69. It is currently trading...

Mar 07, 2016 06:42 am UTC| Technicals
We, at FxWirePro, think thatthat USDJPY is sensing pressures for downside risks: Although the Fed will likely to remain on the sidelines on March 16th, the improving domestic backdrop supports our view that the Fed will...

FxWirePro: SGD erases previous gain against US dollar, buy on dips
Mar 07, 2016 06:32 am UTC| Technicals
Pair is currently trading at 1.3805 levels. It made intraday high at 1.3818 and low at 1.3732 levels. Intraday bias remains bullish till the time pair holds key support at 1.3732 levels. A sustained break of...