
Malaysian ringgit erases previous gain against US dollar, short term trend reversal expected
Mar 08, 2016 05:40 am UTC| Technicals
Pair is currently trading at 4.0992 levels. It made intraday high at 4.1081 and low at 4.0780 levels. Intraday bias remains bullish for the moment. A daily close below 4.0700 will turn the bias bearish again and drag...
FxWirePro: Cloud-top capping upside in AUD/JPY, good to sell rallies
Mar 08, 2016 04:55 am UTC| Technicals
Selling pressure in the Aussie intensified following the release of poor Chinese trade data, which showed China trade balance for Feb at +209.5bn vs. +341bn expected and 402.20 previous. Risk-off seen across markets...

FxWirePro: Gold on track to hit $1300, buy on dips
Mar 08, 2016 04:49 am UTC| Technicals
Pair remains well supported above $1250. It made intraday high at $1272 and low at $1263 levels. Intraday bias remains bullish till the time pair holds immediate support level at $1256 levels. On the top...

FxWirePro: AUD/USD knocked-off to fresh session lows on poor Chinese trade data
Mar 08, 2016 04:15 am UTC| Technicals
AUD/USD hit fresh session lows at 0.7417 on poor Chinese trade data, but has pared some losses to currently trade at 0.7426. China trade balance for February in yuan terms came in at +209.5bn missing expectations at...

ASX200 faces strong resistance at 5200, good to sell on rallies
Mar 08, 2016 02:45 am UTC| Technicals
Major resistance - 5195 (trend line joining 5732 and 5378) Major support - 5075 (resistance turned into support) ASX200 has retreated after making a high of 5180. It is currently trading around 5112. On the...

FxWirePro: Nikkei225 faces strong resistance at 17200, good to sell on rallies
Mar 08, 2016 02:32 am UTC| Technicals
Major support -16500 ( 200 day 4 H EMA) Major Resistance - 17200 The index has retreated after making a high of is currently trading around 16616. The index is facing minor resistance around 16800 and any...
EUR/USD seen consolidating on Monday ahead of ECB decision Thursday
Mar 08, 2016 00:38 am UTC| Technicals
Resistance at 200-day MA at 1.1046 holding for the time-being Aggressive ECB easing expected, but market wary of disappointment and reluctant to increase...