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EUR/USD faces strong resistance around 1.12620, break above targets 1.1375/1.1435

Feb 15, 2016 05:48 am UTC| Technicals

Major resistance - 1.12620 (trend line joining 1.13760 and 1.13248) Major support - 1.1178 (55 day 4H EMA) The pair has retreated after making a high of 1.1335 on Friday . It is currently trading around 1.12157. On the...

FxWirePro: EUR/JPY correcting from lows, good to buy dips

Feb 15, 2016 05:34 am UTC| Technicals

EUR/JPY has started to correct higher from near channel base, the pair is edging higher as we write, currently at 127.86. Technical indicators have already corrected extreme oversold reading, RSI and Stochs point...

FX Hedging Strategy Series

FxWirePro: This week EU summit turns euro crosses into high beta - hyperactive OTC arrangements indicate euro 's gains within eurozone

Feb 15, 2016 05:31 am UTC| Technicals

We think that the 18th - 19th February EU Summit will be the next risk event not only for the GBP but for some euro crosses outside euro zone such as EURJPY, EURUSD etc with significant implications for the timing of the...

FxWirePro: Minor support for EUR/GBP at 0.7717 (10-DMA), breaks below could see 0.7630

Feb 15, 2016 04:50 am UTC| Technicals

EUR/GBP is extending downside after rejection at channel top resistance on Feb 11th trade. Downside for now is seeing minor support by 10-DMA at 0.7717, breaks below could see the pair test channel base currently at...

FxWirePro: Dismal China trade data ignored, AUD/NZD extends gains, good to buy dips

Feb 15, 2016 04:17 am UTC| Technicals

AUD/NZD has taken rising trendline support at 1.0570 levels and edged higher on Fridays trade. Daily Stochs have shown a bullish crossover in oversold territory, while RSI has turned higher after dipping below 40...

Yen falls on lower than expected GDP figures

Feb 15, 2016 04:14 am UTC| Technicals

Pair is currently trading at 113.87 levels. It made intraday high at 113.92 and low at 113.27 levels. Japans economy contracted 0.4% in the December quarter, missing the consensus forecast of a 0.2% fall in...

FxWirePro: Buy GBP/JPY at dips around 165.15 with SL around 163.95 for the TP of 167.60

Feb 15, 2016 03:47 am UTC| Technicals

Major resistance - 165.20 (trend line joining 173.75 and 170.60) GBP/JPY breaks trend line 165.20 and this confirms minor trend reversal , a jump till 167.70 is possible . It is currently trading around...

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