
FxWirePro: EUR/AUD edges higher from multi-month lows at 1.4738, bias still lower
Mar 07, 2016 08:28 am UTC| Technicals
EUR/AUD hit fresh multi-month lows at 1.4738 in Fridays trade and had since pared some losses to currently trade 1.4806. Our call for the pair...

Mar 07, 2016 08:12 am UTC| Technicals
Stronger than expected data out of the U.S. supported this weeks risk-on bias in global financial markets. Nonfarm payrolls took centre stage at the end of the week adding 242k jobs in February. Though we are of the...

FxWirePro: GBP/USD faces strong resistance at 1.4265, good to sell on rallies
Mar 07, 2016 07:49 am UTC| Technicals
Major resistance - 1.4265 (trend line joining 1.46680 and 1.45780 and 200 day 4H MA) The pair has retreated after making a high of 1.4248. It is currently trading around 1.41930. Short term trend is slightly weak...

Mar 07, 2016 07:35 am UTC| Technicals
Pair is currently trading at 3.7586 levels. It made intraday high at 3.7589 and low at 3.7390 levels. Pair recovered from its 5- month low at 3.6570 levels. Intraday bias remains neutral for the...

FxWirePro: EUR/JPY struggles at 125 handle, scope for upside rises
Mar 07, 2016 07:04 am UTC| Technicals
125 is strong resistance for EUR/JPY. the pair has slipped below the 125 handle after hitting session highs at 125.23 on the day. Techs show scope for upside is rising: - We see a bullish 5-DMA crossover on the...

US OIL breaks major trend line resistance, targets $38.60/$40
Mar 07, 2016 06:49 am UTC| Technicals
Major support - $34.80 (resistance turned into Support) Major resistance - $35.82 (trend line joining 560.91 and $48.25) USOIL broken the major resistance $35.80 and jumped till $36.69. It is currently trading...

Mar 07, 2016 06:42 am UTC| Technicals
We, at FxWirePro, think thatthat USDJPY is sensing pressures for downside risks: Although the Fed will likely to remain on the sidelines on March 16th, the improving domestic backdrop supports our view that the Fed will...