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EUR/GBP faces strong channel resistance around 0.7150, trend reversal only above that level

Jul 03, 2015 11:41 am UTC| Technicals

RES 4: 0.7210 (Jun 22nd high) RES 3: 0.7180(200 day HMA) RES 2 : 0.7140 (38.2% retracement of 0.7387 and 0.6986) RES 1: 0.7102 (7 day 4H EMA) PRICE: 0.7099@ 11:55 GMT SUP 1: 0.7080 (Jun 23rd low) ...

USD/JPY faces resistance around 123.80, decline till 122 is possible

Jul 03, 2015 11:20 am UTC| Technicals

RES 4: 125.84 (Jun 5th high) RES 3 :125 RES 2 : 124.50 (Jun 17th high) RES 1: 123.65 (61.8 % retracement of 124.43 and 122.47) PRICE: 122.90 @ 10:31 GMT SUP 1 :122.40 (Jun 18th low) SUP 1: 122 (Jun...

kiwi bears relentless, NZD/USD heads back toward 5 year low

Jul 03, 2015 10:40 am UTC| Technicals

Kiwi is moving away slightly from five year lows reached on Thursday. Analysts are now forecasting 25bp OCR reductions in July, September and October. This will take the OCR to a low of 2.5% this year. A marked...

FxWirePro: USD/CHF rejected from 0.9500, makes intraday lows of 0.9406

Jul 03, 2015 09:55 am UTC| Technicals

USD/CHF gains yesterday were capped close to the Jun 5 spike high at 0.9502. The pair fell to fresh daily lows as the dollar came under broad pressure following disappointing US jobs data. Pullbacks today extended...

AUD/USD recovers slightly after steep slide

Jul 03, 2015 05:27 am UTC| Technicals

AUD/USD retracing its steps after the earlier steep slide to 0.7566, crawled back to 0.7596 but in unconvincing fashion A combinations of soft ret sales data; China woes and Greek jitters weighed on AUD Thin trading...

EUR/USD side lined in Asia; 5, 10 & 20 dma's head south with 20 day Bolli's

Jul 03, 2015 05:21 am UTC| Technicals

EUR side lined in Asia - focus on AUD, China stocks, local markets Bearish setup - NY 1.1051/1.1122 range is initial support/resistance Momentum studies, 5, 10 20 dmas head south with 20 day Bollis Polls in Greece...

USD/JPY tracks Nikkei higher, support at 122.80-90 affirmed

Jul 03, 2015 05:17 am UTC| Technicals

USD/JPY edging higher, 123.14 high in PM, eclipses modestly early 123.10 high Support at 122.80-90 affirmed, 122.81 100-HMA, 200-HMA above at 123.25 Move in conjunction with rally in Nikkei, index surge to 20,529 in...

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Technology

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