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AUD/NZD restrained within cloud after retreat from double top (1.1086), target 1.0730 in sight

Nov 27, 2015 07:27 am UTC| Technicals

AUD/NZD has formed Double-top at 1.1086 (Nov 24,25), price action has dipped back into the cloud, target 1.0730 in sight. The pair has broken minor trendline support at 1.1011 in yesterdays trade, and price action on...

FxWirePro: BTC/USD faces strong support around $335, good to buy at dips

Nov 27, 2015 07:25 am UTC| Digital Currency Technicals

BTC/USD has made a high of $369.70 and started to decline from that level. Short term trend is bullish as long as support $335 holds. Any break below $335 will drag the pair down till $328/$325. Overall bullish...

FxWirePro: RBA defers monetary interventions on sluggish capex, -0.48 delta strips of AUD/NZD for hedging

Nov 27, 2015 07:19 am UTC| Technicals

We think that the RBA board will take a break, albeit a much longer one than the FOMC. The next meeting after the RBAs meeting next week will not take place until February. The capex (private investment) for Q3...

FxWirePro: Go long EUR/GBP on breaks above 0.7040, target 0.71

Nov 27, 2015 06:57 am UTC| Technicals

EUR/GBP is currently testing strong resistance at 0.7040 levels, breaks above cloud take the pair to 0.7079 levels. The pair has retreated from double top at 0.7079 (Nov 24, 25) and 21 DMA at 0.7065 continues to...

Dow Jones breaks minor trend line support, targets 17650

Nov 27, 2015 06:41 am UTC| Technicals

Major intraday support - 17845 (trend line joining 17775 and 17799) The index has broken intraday support of 17845 and is currently trading around 17816. Intraday trend is slightly weak a decline till 17760/17650 is...

FxWirePro: Best entry levels luring AUD/NZD bears after baseline breach of descending triangle

Nov 27, 2015 06:28 am UTC| Technicals

Well, after achieving our previous targets at 1.1017 we are now back into bearish business. On daily chart, despite forming a shooting star pattern on rallies, bulls have been disregarding and managed to breach the...

Nikkei 225 faces strong support at 19800, break below targets 19500/19250

Nov 27, 2015 06:08 am UTC| Technicals

Major support - 19800 (Trend line joining 19650 and 19757) The index is trading in narrow range between 20000 and 19750 for the past three trading session Any break below 19800 will drag the pair down till 19507 (61.8%...

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