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EUR/GBP loss consolidation seen intraday but hourly kijun currently weighs

May 21, 2015 06:39 am UTC| Technicals

Almost reached the 0.7123 low from May 13 yesterday Short is in good shape targeting the 2015 low at 0.7015 Look to lower the stop on a break of 0.7118 April...

EUR/USD sideways but bias with the bearish trend

May 21, 2015 06:28 am UTC| Technicals

50% retrace of 1.0521/1.1468 at 1.0994 in play after close under broken 38.2% Spot closed under the 100 DMA for the second consecutive day Average at 1.1156 today, close by yesterdays 1.1153...

GBP/USD takes support near trend line, jump till 1.5725 is possible

May 21, 2015 05:54 am UTC| Technicals

RES4: 1.5725 RES4: 1.5678 (61.8% retracement of 1.5813 and 1.5441) RES3:1.5630 (Support turned into resistance) RES2: 1.5544 (55 day HMA) PRICE: 1.5544@ 05:43 GMT SUP1: 1.5490 (trend line...

USD/JPY is consolidating around 121 level, good to buy at dips

May 21, 2015 05:04 am UTC| Technicals

RES4: 124.13 (2007 High) RES3:123.41 (138.2% retracement of 122.01 and 118.32) RES2: 122.05 (Mar 3rd high) RES1 121.49 (161.8% retracement of 120.49 and 118.87) PRICE: 121.02 @ 05:00 GMT SUP1: 120.50...

NZD/USD chart is downbeat, all good news for NZD though USD currently dominates

May 21, 2015 02:59 am UTC| Technicals

NZ budget surplus next year, Moodys approves NZ migration at a record high, provides underlying support Initial support/resistance is seen at 0.7289 and...

USD/INR may trade lower towards 63.50 vs 63.82 yesterday close

May 21, 2015 02:38 am UTC| Technicals

Lower USD overseas, bullish bonds, stocks on rate cut hopes weigh on pair Demand from corps, oilers will likely provide support INR NDFs traded 63.95-64.25 range overnight, closed 64.00-64.03 in...

USD/JPY sees an initial low of 121.05 on selling interest into the Tokyo fix

May 21, 2015 02:36 am UTC| Technicals

Buyers were lying in wait to get long, causing a bounce to 121.21 Japan May flash manufacturing PMI 50.9 from 49.9 April, USD/JPY unaffected No reaction to slightly soft HSBC China flash PMI at 49.1 vs...

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