GBP/USD is trading well below 200 day HMA, decline till 1.5000 is possible
May 05, 2015 06:32 am UTC| Technicals
RES4:1.5585 (38.2% retracement of 1.7166 and 1.45648) RES4: 1.55512 (Feb 26th high) RES3:1.5340 (61.8% retracement of 1.5497 and 1.5080) RES2: 1.5217 (200 day HMA) RES 1: 1.5175 (55 day HMA) PRICE:...
USD/JPY is trading above 120 level, jump till 122 is possible
May 05, 2015 05:21 am UTC| Technicals
RES3 :122.01 (Mar 10th high) RES 3: 121.42 (Bollinger Upper band) RES 2: 120.80 (13th Apr high) RES 1: 120.08 (Apr 22nd high) PRICE: 120.06 @ 05:18 GMT SUP1: 119.62 (200 day 4 HMA) SUP 2: 119.34...
AUD/USD falls below 0.7800 after RBA eases
May 05, 2015 04:35 am UTC| Technicals
Pair has fallen sharply after RBA cut 25 BPS to 2.00% Market was paring back expectations of cut since this morning This should ensure some downside follow-through as some shorts covered earlier Key...
NZD/USD trading higher but all depends on RBA rate decision releasing after 1 hour
May 05, 2015 03:28 am UTC| Technicals
AUD/USD testing 0.7860 with NZD/USD tagging along AUD/NZD back above 1.0400 but all depends on rate decision Traders stick with view that RBA cuts but certainly not clear cut anymore IF RBA doesnt cut AUD...

GBP/USD mixed signals suggest range bound trading
May 05, 2015 03:21 am UTC| Technicals
UK returns from long weekend- 20pts lower than Fridays NY close Construction PMI leads data risk in London Momentum studies 5 dma crest, 10 20 dmas head north Conflicting signals suggests a period of...
USD/IDR well bid but trades in narrow range, state banks offers cap
May 05, 2015 03:14 am UTC| Technicals
Pair traded 12988-13005 range so far, last at 12995-13000 Stocks ext gain, JKSE last 1.01%, may further limit IDR selling NDFs eased on leveraged sales, last...
AUD/USD edging up & ASX easing as market pares back RBA rate cut expectations
May 05, 2015 02:51 am UTC| Technicals
OIS pricing showing just a 66% chance RBA cuts down from 75% and 80% yesterday Talk of some stops above 0.7860 coming into focus ahead of rate decision ASX was up over 1.0% earlier today and has pared back...