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FTSE100 trades well above 200 day MA, jump till 6447 is possible

Apr 13, 2016 07:28 am UTC| Technicals

Major support -6200 (9 day EMA) Major resistance 6225 (200 day MA) The index has broken major resistance 6225 and closed well above that level yesterday .It has jumped till 6307 at the time of writing. It is...

FxWirePro: AUD/CAD holds above cloud base, weakness only on breaks below

Apr 13, 2016 06:41 am UTC| Technicals

AUD/CAD has broken range trade and price action has slipped into the daily cloud. Long upper wicks successively on daily candles suggests selling pressure, pair struggling to extend upside. Momentum studies are...

FxWirePro: GBP/JPY faces strong support at 154, good to buy at dips

Apr 13, 2016 06:36 am UTC| Technicals

Major resistance- 155.80 (55 4 H EMA) Major Intraday support 154 GBP/JPY has made a high of 155.51 yesterday and started to decline from that level .It is currently trading around 154.99. Intraday trend is...

FX Hedging Strategy Series

FxWirePro: GBP/JPY intraday bull swings likely extend to resistance at 156.200 but long term downtrend may resume anytime

Apr 13, 2016 06:35 am UTC| Technicals

The bounce back above trendline is reasonable, now facing a stiff resistances at 156.200 and upper trendline. Daily price jump above trend-line support has momentum that is signalled by RSI Stochastic oscillators, but...

FxWirePro: NZD/JPY edges lower from session highs at 75.70, weakness only below 75.20

Apr 13, 2016 06:24 am UTC| Technicals

Our previous call (http://www.econotimes.com/FxWirePro-NZD-JPY-breaks-strong-trendline-resistance-at-7410-targets-75-192979) has hit all targets. NZD/JPY hit fresh weekly high of 75.70, has since pared some gains to...

FxWirePro: Silver hits fresh 5 –month high at $16.19 but fails to sustain- intraday bias remains slightly bearish

Apr 13, 2016 05:58 am UTC| Technicals

XAG/USD is currently trading around $15.0160 marks. It made intraday high at $16.15 and low at $16.01 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.98...

FxWirePro: AUD/JPY extends gains above 10-DMA at 83.50, stay long

Apr 13, 2016 05:22 am UTC| Technicals

Our previous call (http://www.econotimes.com/FxWirePro-AUD-JPY-bounces-off-strong-trendline-support-at-8075-good-to-buy-dips-192968) has hit all targets. The pair extended its winning streak into a fourth day today as...

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