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GBP/JPY Trade idea

Jul 08, 2016 10:08 am UTC| Technicals

Major resistance -132 (90 H EMA) Major support 129.80 (trend line joining 128.60 and 129.57) The pair has retreated sharply after making a high of 131.97. It is currently trading around 130.03. GBP/JPY have...

DAX30 breaks minor trend line resistance at 9450,jump till 9695/9780 likely

Jul 08, 2016 08:29 am UTC| Technicals

Major resistance 9450 (trend line joining 9508 and 9480) Major support 9310 (trend line joining 9225 and 9302) The index has broken major intraday resistance 9450 and jumped till 9488 at the time of writing .I...

FxWirePro: WTI crude bulls unlikely to produce 1-year highs after Gravestone Doji and Shooting Star occurrences, more dips on cards

Jul 08, 2016 07:48 am UTC| Technicals

Technical Glance: The breach below 45.99 to bring in more bearish space but strong support at 43.36. On theweekly chart, this energy commodity forms Gravestone Doji Shooting Star at peaks of 48.93 and 47.58 levels...

FxWirePro: EUR/NZD hits fresh one-year low at 1.5220, momentum bearish, scope for test of 1.5080

Jul 08, 2016 07:11 am UTC| Technicals

EUR/NZD slips lower, hits fresh one-year low of 1.5220, momentum bearish, we see scope for test of 1.5045 levels. The pair has broken below 200-SMA on the weekly charts, Technical indicators are heavily...

FxWirePro: USD/CNY back above 6.68 mark, PBOC sets yuan mid-point at 6.6853

Jul 08, 2016 07:09 am UTC| Technicals

USD/CNY is currently trading around 6.6827 marks. It made intraday high at 6.6877 and low at 6.6778 levels. Intraday bias remains bullish till the time pair holds key support at 6.6448 levels. On the top...

FxWirePro: South African rand strengthens against US dollar; stay bearish

Jul 08, 2016 06:41 am UTC| Technicals

USD/ZAR is currently trading around 14.72 levels. It made intraday high at 14.77 and low at 14.70 levels. Intraday bias remains bearish till the time pair holds key resistance at 14.96 marks. A daily close...

FxWirePro: CAD/JPY struggles to close above 78, good to sell on rallies

Jul 08, 2016 06:29 am UTC| Technicals

Major resistance 78.20 (90 4H EMA) Major support 76 (Jun 24th 2016 low) The pair has retreated from the high of 78.45 and declined till 77.07 at the time of writing. It is currently trading around...

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