
Nov 23, 2015 11:06 am UTC| Technicals Central Banks
The fact that the Fed is looking to hike rates in the same month that the ECB is preparing to increase its stimulus could suggest opening of the floodgates for another drop in the value of EUR/USD. ECB President Mario...

Nov 23, 2015 10:53 am UTC| Technicals
GBP/CAD has retreated till 2.02300 after making a high of 2.0360. Short term trend is still bullish as long as support 2.023 holds. On the higher side minor resistance is around 2.033 and break above targets...

FxWirePro: CAD/JPY breaks trend line support, good to sell on rallies
Nov 23, 2015 09:45 am UTC| Technicals
CAD/JPY has once broken trend line support 92.05 (trend line joining 88.69 and 90.61) and declined till 91.89 at the time of writing. Short term trend is bearish as long as resistance 92.60 holds. The pairs short...

Deeper losses in EUR/JPY likely, recommend fading rallies
Nov 23, 2015 09:43 am UTC| Technicals
Better-than-expected German and EZ PMIs released earlier largely ignored by the EUR bulls, who wait on the sidelines on fears of more ECB easing. EUR/JPY has hit lows of 130.56 during the day and has recovered...

FxWirePro: GBP/USD outlook – heading for channel floor
Nov 23, 2015 09:11 am UTC| Technicals
Last Friday, Pound unexpectedly took a big knock in New York session and closed almost 130 points down from the days high. After betting on divergence in monetary policies with Euro-area, that kept British Pound well...

FxWirePro: Daily Currency Strength index
Nov 23, 2015 09:01 am UTC| Technicals
Strongest currency -...

FxWirePro: Employ EUR/CAD collars as trendline support seems likely
Nov 23, 2015 08:36 am UTC| Technicals
We had earlier also traced out bearish indications to head towards 1.4355 and even the levels up to 1.4150. As both the weekly and monthly indications by leading oscillators are converging with ongoing dropping prices...