Trade data weighs on USD/JPY, but decent bids by 120
May 05, 2015 13:19 pm UTC| Technicals
US Mar Trade Deficit surge dents Treasury yields USD, but its Q1 Non-Mfg ISM for Apr more relevant to Medium-Term Fed tightening view pre NFP Good bids 120.00-05: Down TrendLine From 122.04, 23.6% 118.50-120.51 days...
USD/MXN edges lower, eyes multiple support area at 15.3688
May 05, 2015 13:07 pm UTC| Technicals
USD/MXN slightly lower as oil/commodities firm, US trade figures miss forecast UST yields lower, main event Fridays NFP, US hike overhang weighs on MXN (Sept/Oct expected) USD/MXN support at 15.3688 50% Fib of...
AUD/NZD bulls buoyed by diverging monetary policy
May 05, 2015 12:36 pm UTC| Technicals
RBA cuts but easing bias seemingly gone, RBNZ adopted ease bias Diverging monetary policies likely to have bull impact on AUD/NZD Overnight price action reflects view, 1.0505/35 resistance under threat RSIs biased up,...
EUR/USD failure by the 100 DMA Friday reinforces downside
May 05, 2015 12:32 pm UTC| Technicals
EUR/USD 1.1107 pivot pressured after fail ahead 1.1165 10 US/German spreads 15bp lower from Apr 28, at 169bp, underpinning EUR/USD Pair breached cloud top at 1.1069 by 3 pips earlier, revisit expected The cross on the...
EUR/GBP takes support near ichimoku cloud, jump till 0.7450 is possible
May 05, 2015 12:15 pm UTC| Technicals
RES 3: 0.7509 RES 2: 0.74570 (76.4% retracement of 0.7590 and 0.7010) RES 2: 0.7420 (May 1st high) RES1 :0.7385 (Mar 26th high) PRICE: 0.7348 @12:14 GMT SUP 1: 0.7332 (55 day H EMA) SUP...
NZD/USD is trading below major trend line support, decline till 0.7430 is possible
May 05, 2015 10:44 am UTC| Technicals
RES4: 0.7658 (Cloud top) RES3:0.7573 (200 day 4 HMA) RES2: 0.7556 (200 day 4 HMA) RES 1: 0.7526 (7 day 4H EMA) PRICE: 0.7500 @10:42 GMT SUP 1: 0.7507 (May 1st low) SUP 2: 0.7474 (Bollinger band bottom) SUP...

USD/CHF mildly bullish start to new week with a higher low and high yesterday
May 05, 2015 06:34 am UTC| Technicals
Stick with fading rallies, offer at 0.9445 The key trend is down while below the 200 MA at 0.9506 Sideways under Mondays 0.9385...