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DAX 30 faces strong resistance around 9270, further bullishness only above that level.

Feb 17, 2016 09:07 am UTC| Technicals

Major resistance - 9270 (trend line joining 10876 and 9926) Major support - 9035 (20 day 4H MA) The index has retreated after making a high of 9270. It is currently trading around 9150. Any break above 9270 confirms...

FxWirePro: NZD/JPY sees strong support at 74.40, weakness only on close below

Feb 17, 2016 08:31 am UTC| Technicals

Yen appreciation continues unabated pressuring NZD/JPY lower, pair unable to take recovery beyond 10-DMA. 74.40 is a strong support levels for the pair, weakness only on close belowBreak below 74.40 could see next...

FxWirePro: EUR/USD forms bullish Shark pattern, good to buy at dips

Feb 17, 2016 07:36 am UTC| Technicals

Harmonic Pattern - Bullish Shark pattern Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement) Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement) The pair has made a low of 1.1118 yesterday...

FxWirePro: EUR/GBP holds above 0.78 handle, focus on UK labour market data

Feb 17, 2016 07:20 am UTC| Technicals

EUR/GBP advances beyond 0.7800 ahead of UK labour market data, extending gains after solid performance of the shared currency overnight. Offered tone in the sterling extends higher ahead of the upcoming UK labour...

Aussie falls against US dollar, employment data in focus

Feb 17, 2016 07:05 am UTC| Technicals

Pair is currently supported below $0.71 level. It made intraday high at $0.7120 and low at $0.7084 levels. Intraday bias remains bearish for the moment. Corrective rebound from $0.6826 should have completed...

Digital Currency Revolution

FxWirePro: BTC/USD breaks major resistance around $409, targets $450

Feb 17, 2016 07:01 am UTC| Technicals Digital Currency

BTC/USD has broken major resistance $409 and jumped till $410.50 at the time of writing It is currently trading around $409.93. Short term trend is slightly bullish as long as support $390 holds. On the higher side...

FTSE 100 faces strong resistance around 5950 , break above targets 6050

Feb 17, 2016 06:59 am UTC| Technicals

Major resistance -5950 Major support -5780 (55 day H EMA) The index has broken 5880 (Yesterdays high) and jumped till 5900 at the time of writing. It is currently trading around 5896. Short term trend is...

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Science

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