
Feb 01, 2016 12:09 pm UTC| Technicals
Technical Purview: It has been observed and kept urging that there would remain in the range bounded trend on this pair where upper band is 1.1050 and 1.0710 from last couple of weeks ( see grey shaded areas), and same...

FxWirePro: US Dollar Index faces strong resistance around 100.50, good to sell on rallies
Feb 01, 2016 11:59 am UTC| Technicals
The dollar index has once again made a high of 99.82 and started to decline from that level. It is currently trading around 99.39 Major support: 98.50 (55 day EMA) The index has made a low of 98.42 (28 th Jan...

Feb 01, 2016 11:47 am UTC| Technicals
GBP/JPY has made a high of 174.17 on Friday and started to decline from that level is currently trading around 172.99. Short term trend is still bullish as long as support 170.50 (Kijun-Sen) holds. Any break below...

GBP/USD breaks minor trend line resistance, targets 1.4370/1.4400
Feb 01, 2016 09:15 am UTC| Technicals
Minor trend line resistance -1.4280 (trend line joining 1.4250 and 1.42605) Minor support - 1.4240 Cable breaks minor intraday resistance 1.4280 and this confirms minor bullishness, a jump till 1.4350/1.4370/1.4400 is...

Feb 01, 2016 08:45 am UTC| Technicals
Last Fridays, the rate charge by BoJ makes commercial banks that park surplus reserves at the central bank to negative 0.1% in a slightly awful stimulated pointing at serving its economy to cushion the potential threats of...

NZD/CAD breaks below ichimoku cloud, decline till 0.9000/0.8800 is possible
Feb 01, 2016 08:10 am UTC| Technicals
Major Support -0.9050 (Ichimoku Cloud) Major resistance - 0.9150 (55 day EMA) NZD/CAD has broken major support 0.9050 and declined till 0.9037. It is currently trading around 0.9070. Short term trend is...

FxWirePro: AUD/CAD holds trendline support, good to go long on dips around 0.99
Feb 01, 2016 07:44 am UTC| Technicals
AUD/CAD extends higher after taking support by trendline at 0.9860, we see scope for further gains. Price action is above the daily cloud and 200-DMA, cloud top at 0.9874 also offers strong supports on the...