
Aug 14, 2015 06:35 am UTC| Insights & Views Technicals
Technical Glance: Although the formation of bearish pattern candles such as Dojis on weekly and sharp shooting star spinning top on daily charts. This was boosted up by downward convergence by weekly RSI and overbought...

FxWirePro: USD/CAD rally capped at 1.4080, bullish bias intact
Aug 14, 2015 06:04 am UTC| Technicals
Loonie declined till 1.2950 and has started to recover from that level. The pairs major support is at 1.2940 which act as short term trend reversal level. Any break below 1.2940 will drag the pair further down till...
FxWirePro: USD/SGD rally capped at 1.4080, bullish bias intact
Aug 14, 2015 05:54 am UTC| Technicals
USD/SGD back above 1.40, edges higher on MYR sell-off. MYR tumbles to hit fresh 17-year lows, likely to remain in free fall as BNM helpless Rally in USD/SGD was however capped at 1.4080 on profit taking and rising...
FxWirePro: MYR hits fresh 17-year lows, likely to remain in free fall
Aug 14, 2015 05:18 am UTC| Technicals
Malaysias ringgit hit a fresh 17-year low against the USD on Friday, panic buying seen on break above 4.05. The ringgit spiked to days highs of 4.1213 per dollar, and has eased since to trade at 4.070 last. Fall in...
FxWirePro: Markets ignore latest PBOC fix, USD/JPY ticking higher
Aug 14, 2015 04:36 am UTC| Technicals
Markets are getting comfortable with the new China fx regime and remain calm this morning.Latest PBOC fix only 0.05% stronger versus Thursday 1.1% devaluation, is expected to have little impact on the fx...

FxWirePro: Cable trades in narrow range , good to sell on rallies
Aug 14, 2015 04:06 am UTC| Technicals
GBP/USD has recovered from the low of 1.5423 (Aug 7thlow) till 1.5658 . Cable has once again retreated from that level and is currently trading at 1.56135. Overall trend is still weak as long as resistance 1.5690...

FxWirePro: USD/JPY trades in narrow range between 123.77-125.30, good to buy at dips
Aug 14, 2015 03:30 am UTC| Technicals
USD/JPY has consolidated between 124.60 -124.05 yesterday retreated till 123.77. It is currently trading at 124.44. Overall trend is bullish as long as support 123.50 holds. Bullish invalidation only below 123.50. Any...