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CAD/JPY breaks major support 80.95, targets 79.30

Feb 24, 2016 06:00 am UTC| Technicals

Major support - 80.95 (trend line joining 81.59 and 81.03) Major resistance - 82.26 (55 day 4 H EMA) The pair has broken major support around 80.95 and declined till 80.84 at the time of writing . Short term...

FxWirePro: NZD/CAD upside capped at 0.9226, good to sell rallies

Feb 24, 2016 05:57 am UTC| Technicals

NZD/CAD upside has been capped at 0.9226, and has edged lower to currently trade at 0.9140. Price action on the 4-hourly charts has dipped below the cloud and 5-DMA, momentum studies are bearish, support further...

FX Hedging Strategy Series

FxWirePro: USD/JPY slumps moving along channel base, leading oscillators indicate selling momentum - speculate via binaries

Feb 24, 2016 05:54 am UTC| Technicals

From last two days, the pair has been testing 7MA as resistance and drifting southwards along with the channel baseline. So, after these steep slumps, if you are expecting reversal upswings then you are likely to get bull...

FxWirePro: AUD/NZD rejected at trendline resistance at 1.0875, dips into cloud to confirm downside

Feb 24, 2016 05:29 am UTC| Technicals

AUD/NZD has been trading a symmetrical triangle pattern, price action just above the daily cloud. Upside on the day has been rejected at triangle top resistance at 1.0875, with formation of inverted...

AUD/USD fails to find support above $0.72 mark, likely to fall further

Feb 24, 2016 05:10 am UTC| Technicals

Pair is currently supported below $0.72 marks and trading around $0.7180 levels. Intraday bias remains bearish till the time pair holds key resistance levels at $0.7326 levels. Alternatively, current downfall will...

FxWirePro: EUR/GBP breaks minor resistance at 0.7874, targets 0.80, good to long dips

Feb 24, 2016 05:00 am UTC| Technicals

EUR/GBP extends upside, breaks minor resistance at 0.7874 (Jan 6th 2015 highs). Momentum is with the bulls, next immediate resistance is seen at 0.7897 (Feb 11th highs) and then 0.7930 (rising trendline). Stcohs...

XAU/USD intraday outlook

Feb 24, 2016 04:25 am UTC| Technicals

Pair is currently trading at $1228 levels. It made intraday high at $1232 levels and low at $1224 marks. Pair is trading range bound from $1190 to $1240 mark. Intraday bias remains bullish above till the...

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