GBP/USD pullback supported ahead of 1.5640 pivot
May 18, 2015 13:38 pm UTC| Technicals
Pivot lends support to GBP/USD ahead of 200 DMA 1.5651 was the European AM low. 1.5603 is the 200 DMA Above 200 DMA should keep long trade in play Trend indicators overbought, caution advised, could see circa 1.58...
GBP/JPY seeing 1st contraction in wide Bolli band spreads
May 18, 2015 13:35 pm UTC| Technicals
GBP/JPY 10% surge from Apr 14 low to Fris high leaves daily techs gasping for air Apr-May rise is an ABC shy of Decs 189.65 peak, with 184.75 key C-wave support Close below May 12s 186.68 low would confirm near-term...
NZD/USD below daily cloud & RSIs biased down
May 18, 2015 13:29 pm UTC| Technicals
NZD/USD 10-DMA caps, pair sub-daily cloud RSIs biased down Immediate support into 0.7390/00 then 0.7360, May 13 low then eyed Break of latter accelerates recent slide 2015 low then back in play, above 0.7575 eases bear...
USD/JPY supported by Treasury yield rebound, but US data drag so far
May 18, 2015 13:22 pm UTC| Technicals
Treasury yield rebound from Fris data-driven plunge supports USD/JPY on the day Japan bidders remain c119 on foreign asset buying/yield pick-up after recent profit-taking Spec exp offers into 120 Cloud top at 119.98;...
EUR demand underpins EUR/HUF, risk to 309.30 March 10 high
May 18, 2015 13:07 pm UTC| Technicals
Long-term average just above market at 308.30, May 14 high 308.40 Local EUR demand underpins, risk to 309.30 March 10 high Fridays hammer type candle although not at a low point gave warning Hungary nominal govt debt...
EUR/USD could see a deeper correction
May 18, 2015 12:50 pm UTC| Technicals
1.1366 was EUR/USD European AM low Pair could see a deeper correction, 10 DMA is support at 1.1298 Back below the 100 DMA at 1.1187 sees bears re-assert Hanging man formation on charts Fri, bearish close today would...
Widening EZ core-peripheral yield spreads hurts EUR/JPY
May 18, 2015 12:38 pm UTC| Technicals
EZ core-peripheral yield spreads widen on Greek woes, hurts EUR crosses JGB curve flattening, while EZ peripherals steepening on risk USD/JPY seen stuck near sideways Cloud for now, offers into 120 Cloud top limit...