Major European Indices technical analysis
Dec 08, 2015 06:57 am UTC| Technicals
Germany DAX Index: Germany DAX index has made a temporary top around 11430 and declining heavily from that level. The index declined till 10664 and slightly recovered from that level and closed around...

FxWirePro: EUR/AUD closes above 20 DMA at 1.4809, 1.5200 target in sight
Dec 08, 2015 06:40 am UTC| Technicals
EUR/AUD close above 1.4849 20 DMA yesterday set targets 1.5207 (38.2% of Aug/Dec fall) in sight The pair is trading slightly firmer, led by AUD weakness post China trade data, currently it is at 1.5001 Momentum studies,...

AUD/JPY back below trendline resistance, good to sell rallies around 89 levels
Dec 08, 2015 06:19 am UTC| Technicals
Poor China trade data keeps the Aussie pressurised and the resulting data-led risk-off supports Japanese Yen AUD/JPY dips below resistance at 89.11, slips to session lows at 88.87, break below 200-HMA could see moves...
FxWirePro: Yen restraining CAD’s gains – mitigate FX risk through long put butterfly spreads
Dec 08, 2015 06:02 am UTC| Technicals
Japan reported +0.3% a sharp jump from previous -0.2%, while the BoJ remains to pursue the most aggressive easing policy among the major central banks, but it is arguably not getting enough bang for its buck. We review...

BTC/USD faces strong resistance around $400, further bullishness only above that level
Dec 08, 2015 05:58 am UTC| Technicals
The pair has made a high of $399.91 yesterday and slightly declined till $389 from that level. Intraday trend is bullish as long as support $378 holds. The pair major intraday support is around $378 and break below...

FxWirePro: AUD/USD breaks minor support at 0.7256, drop till 0.7170 likely
Dec 08, 2015 05:23 am UTC| Technicals
Poor China trade data keeps the Aussie pressurized. AUD/USD fell to session lows at 0.7222 and shows room for further depreciation. Also, the recent sell-off in commodities with oil prices at multi-year lows and a broadly...

S&P500 faces major support 2060, break below targets 2000/1880
Dec 08, 2015 03:30 am UTC| Technicals
Major support -2060 (Trend line joining 1870 and 2003) SP 500 has made a high of 2096 yesterday and started to retreat from that level. Overall trend is still weak as long as resistance 2108 holds. On the lower side...