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...
USD/JPY offers into 120.30 cap by Fri's 120.29 high
May 04, 2015 13:09 pm UTC| Technicals
USD/JPY offers into 120.30 cap to start NorAm day amid London Japan holidays Minor retracement hourly Hi/Lo supports at 119.86-90 119.60 Decent support into 120 the Cloud top at 120.03, but Treasury yields are...
AUD/USD pierced 50% Fib of 0.7534-0.8077 again
May 04, 2015 12:58 pm UTC| Technicals
AUD/USD pierced 50% Fib of 0.7534-0.8077 again overnight, cant hold Long lower wick on todays candle, suggests bulls put up a fight Bears frustrated pre-RBA (>75% chance of cut priced), resistance at ~0.7850 ...
USD/MXN edges lower, eyes daily pivot support by 15.5000
May 04, 2015 12:43 pm UTC| Technicals
USD/MXN slightly lower in early NY, slight unwind of intra-LatAm trades LatAm peers BRL-Chile weak, play catchup after Fridays holiday USD/MXN support at 10-HMA at 15.5400, 15.5002 daily pivot Resistance at 15.5805/33...