
FxWirePro: NZD/JPY stiff resistance at 74.50, breaks above could see further upside
May 18, 2016 12:42 pm UTC| Technicals
NZD/JPY stiff resistance at 74.50, further gains only on break above. RBNZ Q2 2-year inflation expectations gauge weighed negatively on the sentiment around the NZD. Momentum studies are neutral, but Stoch and...

FxWirePro: EUR/AUD major resistance at 1.56, further upside only on breaks above
May 18, 2016 12:21 pm UTC| Technicals
EUR/AUD saw sharp downside as Aussie buoyed post RBA minutes yesterday which saw markets push out rate cut bets. The pair has recovered the steep slump post RBA minutes, up from hit session lows at 1.5366 to currently...

May 18, 2016 12:17 pm UTC| Technicals
Major support -156.80 (10 day MA) Major resistance -159.05 (55 day EMA) GBP/JPY has recovered after making a low of 157.54. It is currently trading around 159.23. Minor weakness can be seen only below...

May 18, 2016 11:42 am UTC| Technicals
At spot FX flashes of EURUSD at 1.4525 please be informed that the delta risk reversal for contracts of 1W and 1M expiries have shown reducing bearish sentiments, but in long term (3M-1Y) put contracts are still on higher...

FxWirePro: WTI crude halts at 7 months highs – sustenance above brings in new bullish environment
May 18, 2016 09:53 am UTC| Technicals
Weve been seeing WTI crude oil prices showing up considerable intensity in buying interests especially after the formation of dragonfly doji on monthly charts. We see bulls gaining momentum in rising channel...

FxWirePro: GBP/JPY faces strong resistance at 159.05, good to sell on rallies
May 18, 2016 09:47 am UTC| Technicals
Major support -156.80 (10 day MA) Major resistance -159.05 (55 day EMA) GBP/JPY has declined after making a high of 158.98. It is currently trading around 157.59. Minor weakness can be seen only below...

FxWirePro: BTC/USD struggles to close above $470, good to sell on rallies
May 18, 2016 08:42 am UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79. Minor trend is slightly bearish as long as resistance $470 holds The...