USD/MYR maintains firm bias despite some profit taking sales
May 05, 2015 02:36 am UTC| Technicals
Pair opens at 3.5900-30 and made high at 3.6020 Pair last at 3.6010-30, traded 3.5930-3.6020 range so far Nearby resistance at 3.6090, 24 Apr high Markets await RBA rate decision and...
EUR/AUD 200-DMA repels another lift overnight
May 04, 2015 15:50 pm UTC| Technicals
200-DMA caps lift overnight, Aprils high aids to keep gains tempered RSIs roll over to bolster concerns of those long EUR/AUD pre-RBA Yield spreads have supported recent lift but weak AUD may be on last legs If RBA cut...
USD/MXN holds support by 15.50
May 04, 2015 15:13 pm UTC| Technicals
Mexicos April Mfg PMI data holds steady at 53.8 v March export orders recovering Weak peso make exports more competitive Banxico wary of weak MXN fomenting inflation, ready to act if inflation rises USD/MXN holds...
NZD/USD downside risks up as RSIs biased down
May 04, 2015 15:07 pm UTC| Technicals
NZD/USD bears gaining an edge as three tries to clear 0.7750 fail in April early May Downside risks up as RSIs biased down break below daily cloud NZ Q1 jobs data the risk later, Unemployment rate forecast to improve,...
USD/CLP pares gains, rallies near kijun resistance by 616.90
May 04, 2015 14:14 pm UTC| Technicals
USD/CLP pares early NY gains, edges lower from highs by 616.33, US yields lower BCCh expected to hike with US, Copper eyes Fib res by 2.9640 CLP positive USD/CLP resistance at daily kijun line at 616.86, 620.18 daily...
EUR/USD intra-day lift stalls near hourly resistance
May 04, 2015 14:06 pm UTC| Technicals
Intra-day lift stalls near hourly resistance, bears emerge as lift repelled Market might be in sell rally mode, >1.1225 eases short-term bear pressure Fridays rejection ~76.4 Fib of 1.11534-1.0463 sees bear follow...
Overbought dailies drag GBP/JPY down to Tenkan
May 04, 2015 13:42 pm UTC| Technicals
Hugely overbought dailies drag GBP/JPY down to Tenkan prior down TrendLine by 181.41 low Bounces looks suspect a fade as heavily overbought sell signals abound If Tenkan TrendLine are closed below, 50% Fibo Kijun at...