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AUD/USD sets new lows as spreads tighten

May 20, 2015 13:02 pm UTC| Technicals

AUD/USD sets new lows as spreads tighten while copper iron-ore are heavy again Pair breaks series of daily lows, sub-0.7863 eyes 0.7775/87 (61.8 Fib 0.7534-0.8164, 55DMA, 5/5 low) Rally off 2015 low intact but RSI gives...

EUR/GBP is facing support around 0.7115, recovery till 0.7220 is possible

May 20, 2015 12:01 pm UTC| Technicals

RES4:0.72820 (May 18th high) RES3 : 0.7240 (May 19th high) RES 2: 0.7212 (200 day HMA) RES 1: 0.7175 (20 day HMA) PRICE: 0.7154 @11:59 GMT SUP 1:0.7115 (23rd Apr low) SUP2: 0.7060 (61.8%...

GBP/USD recovers after making a low of 1.5440, good to buy at declines

May 20, 2015 09:35 am UTC| Technicals

RES4: 1.5665 (Cloud top) RES3:1.5630 (Support turned into resistance) RES2: 1.5592 (55 day HMA) RES1:1.5535 (23.6% retracement of 1.5813 and 1.5441) PRICE: 1.55165@ 09:32 GMT SUP1: 1.5441 (May 19th...

AUD/USD is trading well below cloud, good to sell on rallies

May 20, 2015 09:33 am UTC| Technicals

RES 4: 0.8062 (Support turned into resistance) RES 3: 0.7985 (200 day HMA) RES2: 0.7940 (Kijun-Sen) RES 1: 0.7915 (20 day HMA) PRICE: 0.7894 @ 09:06 GMT SUP 1:0.7860 (May 8th low) SUP 2...

EUR/USD breaks 38.2%, eyes next retracement

May 20, 2015 06:55 am UTC| Technicals

Through the 1.1106 38.2%Fibonacci of the 1.0521/1.1468 rise The 50% is at 1.0994 and is by the daily cloud base at 1.10996 Attempts to lift capped by the 21 DMA, now at 1.1150, 1.1153 the...

GBP/USD daily close under the 200 DMA signals further corrective action

May 20, 2015 06:12 am UTC| Technicals

Spot stalled by 50% of 1.5088/1.5815 at 1.5452 yesterday, closed above The 10/200 DMAs are about to converge at 1.5589/90, offer at 1.5595 Break below that 50% would open up 61.8% retracement of rally at...

USD/JPY breaks short term resistance 120.80, jump till 122 cannot be ruled out

May 20, 2015 05:46 am UTC| Technicals

RES4: 124.13 (2007 High) RES3:123.41 (138.2% retracement of 122.01 and 118.32) RES2: 122.05 (Mar 3rd high) RES1 121.49 (161.8% retracement of 120.49 and 118.87) PRICE: 120.90 @ 05:43 GMT SUP1: 120.50...

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