EUR/GBP recovers after making low of 0.7063, good to sell on rallies
May 27, 2015 11:09 am UTC| Technicals
RES2:0.72012 (61.8% retracement of 0.7285 and 0.7639) RES3 : 0.7150 (200 day HMA) RES 2: 0.7113 (Cloud bottom) RES 2: 0.7081 (55 day H EMA) PRICE: 0.7074 @ 10:58 GMT SUP1: 0.7060 (61.8% projection...
GBP/USD forms double bottom around 1.5350, jump till 1.5470 is possible
May 27, 2015 10:36 am UTC| Technicals
RES4: 1.5564 (200 day HMA) RES4: 1.5530 RES3:1.5487 (38.2% retracement of 1.5698 and 1.5350) RES2: 1. 5430 (55 day H EMA) PRICE: 1.5392@ 10:34 GMT SUP 2: 1.5390 (May 11th high) SUP3: 1.5350 (May 8th...
EUR/USD 55 DMA close, cloud top above
May 27, 2015 06:44 am UTC| Technicals
Regains the 21 HMA and tests close to the 55 DMA at 1.0931 Daily cloud top is at 1.0954, while below will continue to sell strength Close under 55 DMA/61.8% Fibonacci (1.0882) yesterday which are bearish...
USD/JPY is trading well above 122,jump till 124.13 is possible
May 27, 2015 05:56 am UTC| Technicals
RES 4:126.20 RES 3 : 125.79 (161.8% retracement of 121.83 and 115.55) RES2: 124.13 (2007 High) RES1:123.41 (138.2% retracement of 122.01 and 118.32) PRICE: 122.77 @ 05:46 GMT SUP1: 122.50 (Kijun-Sen) ...
NZD/USD choppy with a modest bid tone after Tuesday 1.1% sell-off entices profit taking
May 27, 2015 03:55 am UTC| Technicals
Pair opened Wednesday 0.7224 and traded 0.7218-57; last 0.7255 EUR and JPY weakness undermined commodities/commodity ccys Tuesday USD strength has looked overdone since Monday but sellers in short...
AUD/USD pair choppy within tight range
May 27, 2015 03:50 am UTC| Technicals
Pair opened Wednesday 0.7735 and traded 0.7726-54; last 0.7751 It kept coming up for air after falling 1.1% Tuesday DXY index up 4.3% over last eight sessions led by EUR and JPY weakness High correlations saw UST...
USD/CAD positive bias, targets 1.2485
May 27, 2015 03:27 am UTC| Technicals
Tight doji early - opened +0.95% with broad USD strength Political uncertainty appears, as voters turn left Momentum studies edge higher, 5, 10 20 dmas track north - positive setup Sustained 1.2378 break, 50%...