EUR/GBP breaks channel support, decline till 0.7080 cannot be ruled out
Jun 16, 2015 11:37 am UTC| Technicals
RES 4 : 0.7438 (88.6% retracement of 0.7482 and 0.7545) RES 3: 0.7380 (Support turned into resistance) RES 2: 0.7287 (200 day 4HMA) RES 1: 0.7228 (55 day H EMA) PRICE: 0.7204@11:27 GMT SUP 1:...
Aussie trades in narrow range, good to buy on breakout
Jun 16, 2015 11:17 am UTC| Technicals
RES 4: 0.7850 RES 3: 0.7817 (Jun 3rd high) RES 2: 0.7780(Jun 15th high) RES 1: 0.7767 (Jun 11th high) PRICE: 0.7737 @ 10:52 GMT SUP 1: 0.7670 (trend line joining 0.7600 and 0.7640) SUP 2: 0.7630...
EUR/USD consolidates between 1.120 and 1.1330, good to sell on rallies
Jun 16, 2015 10:51 am UTC| Technicals
RES 4 :1.4656 (May 15th high) RES 3:1.13855 (Jun 10th high) RES 2: 1.13301 (Jun 11th high) RES 1: 1.1290 (Jun 12th high) PRICE: 1.12575 @ 10:32 GMT SUP 1: 1.1245 (200 day HMA) SUP 2: 1.1178 (Jun...
USD/JPY faces strong resistance around 124.15, trend reversal only above that level.
Jun 16, 2015 09:38 am UTC| Technicals
RES 4: 125.84 (Jun 5th high) RES 4:125 RES 3 : 124.60 (Jun 10th high) RES2: 124 (200 day HMA) PRICE: 123.53 @ 09:28 GMT SUP 1 : 123.46 (20 day HMA) SUP 2: 123.10 (Jun 14th low) SUP 1 : 122.70...
GBP/USD may reach to 1.5689 levels
Jun 16, 2015 06:30 am UTC| Technicals
Short stopped in NY. 1.5615 highs tested thus far Traders Re enter at 1.5685 by upper 21 DMA Bollinger 1.5679/May 22 1.5689 high Day studies are overbought but require a break back below the 200 DMA at ...
AUD/USD range bound in quiet trading
Jun 16, 2015 06:20 am UTC| Technicals
Pair heading towards European session with a flexible tone Sluggish session apart from liquidity void immediately after RBA minutes AUD/NZD reclaims levels 1.1100 level with no real resistance till...

USD/JPY struggles to break major resistance 124.15,decline till 122.45 is possible
Jun 16, 2015 05:20 am UTC| Technicals
USD/JPY has made a high of 123.78 after breaking short term trend line resistance 123.40. Short term trend is weak as long as resistance 124.15 holds. Break above 124.15 will take the pair further up till 125.85 in short...