
Feb 04, 2016 12:52 pm UTC| Technicals
Technicals on all time frames raise a caution for ongoing short term uptrend as previous upswings have not been able to break above resistance levels at 1.4778, instead formed a gravestone doji at 1.4660 (see circled spots...

FxWirePro: Adamant bulls in GBP/CAD can hedge unsustainable rallies with collar gamma combinations
Feb 04, 2016 12:09 pm UTC| Technicals
We would say GBPCAD likely to evidence some corrections but if you think that GBP should revert to outperformance on the crosses or you are in love with GBPCADs uptrend or stuck with any payable exposure, now worries we...

USD/CHF breaks major support 1.000, targets 0.9900
Feb 04, 2016 11:51 am UTC| Technicals
The pair has broken major support 1.0050 and declined till 0.9980. It is currently trading around 1.0009. Short term trend is slightly weak as long as resistance 1.008 holds On the lower side major support is around...

JPY firms against US dollar, more downside expected
Feb 04, 2016 10:56 am UTC| Technicals
Pair is well supported above 117.00 marks. It made intraday high at 118.24 and low at 117.33 levels. A break of 117.05 is necessary to confirm the bearish trend and below this major support falls at 117.85 levels....

FxWirePro: GBP/CAD can’t be spared from losing on Super Thursday, casts-off resistance 2.0292
Feb 04, 2016 10:33 am UTC| Technicals
Today it would be a hectic day for the Bank of England as it has to deliver two important policy decisions, MPC minutes and the Inflation Report. In between, the central bank will likely keep interest rates at...

US Dollar Index break major support 97.20, decline till 96.25/95.60 is possible
Feb 04, 2016 10:20 am UTC| Technicals
Major support -97.20 (Dec 15th 2015) Dollar index has broken major support 97.20 and declined till 96.77 at the time of writing. It is currently trading around 96.80. Any break below 97.20 confirms minor weakness, a...
FxWirePro: aussie turns higher, RBA monetary policy in focus
Feb 04, 2016 09:34 am UTC| Technicals Central Banks
The Aussie continued to add further gains and made new intraday high at $0.7218 levels. Pair is currently trading at $0.7207 levels, made intraday low at $0.7153 levels. On the other side, heavy USD sell-off...