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FxWirePro: GBP/JPY faces major intraday resistance at 164, good to sell on rallies

Feb 12, 2016 05:31 am UTC| Technicals

Major Resistance -164 (Support turned into resistance) The pair recovered till 163.54 after making a low of 159.81. Intraday tend is weak as long as resistance 164 holds. On the higher side any break above 164...

NZD/USD key resistance falls at $0.6750, intraday bias remain bearish

Feb 12, 2016 05:18 am UTC| Technicals

Pair fell 0.63% to $0.6661 on Friday from $0.6715 at the close of trade in New York on Thursday. New Zealands SP/NZX 50 index sank 1.16% to 5,917.36 points by mid afternoon in Wellington. A daily close above...

FxWirePro: 5-DMA caps upside in NZD/JPY, good to sell rallies

Feb 12, 2016 05:02 am UTC| Technicals

NZD/JPY on track for a second week of losses, as Yen appreciation continues unabated, markets ignore verbal intervention efforts by BoJ authorities. Chatter regarding BOJ intervention, in a bid to halt the yen...

Gold falls around $1233 marks, good to buy on dips

Feb 12, 2016 04:43 am UTC| Technicals

Pair is currently trading at $1233 marks. It made intraday high at $1248 and low at $1232.77 levels. Yesterday gold made high of $1263 marks. Today gold gave more than $15 movement in Asian...

FxWirePro: Inverted hammer at highs indicates downside for EUR/CAD, good to sell rallies

Feb 12, 2016 04:22 am UTC| Technicals

EUR/CAD upside run seems to have stalled at 1.5914 highs on Thursday, pair was rejected at highs and closed lower 1.5777. The following technical factors support our view for downside correction in the pair: -...

FxWirePro: AUD/NZD holds trendline support at 1.0570 levels, good to go long on dips

Feb 12, 2016 03:21 am UTC| Technicals

AUD/NZD has taken rising trendline support at 1.0570 levels and edged higher on the day. Daily Stochs have shown a bullish crossover in oversold territory, while RSI has turned higher after dipping below 40...

Major Asian Indices Technicials

Feb 12, 2016 03:08 am UTC| Technicals

Nikkei Nikkei breaks major support around 15000 and declined till 14855 at the time of writing. It is currently trading around 14885. Short term trend is weak as long as resistance 15600(55 day H EMA) holds. Any...

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