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GBP/USD threatens 1.54 after longs lightened pre-NFP data

May 08, 2015 12:21 pm UTC| Technicals

Cable threatens 1.54 after GBP longs lightened pre-US jobs data Earlier GBP gains fuelled by UK election shock (1.5165 = Thursday low) 1.54 break risk will increase if US Apr NFP better than expected. 224k...

AUD/USD pares losses, poor price action for bears

May 08, 2015 12:08 pm UTC| Technicals

AUD/USD plunged lower earlier on double-shot of bear events (China trade, RBA SMP) spike Later pared all losses to trade flat, price action a concern for bears Pair buiyed by EUR/AUD drop, elevated commodity prices ...

EUR/CAD takes support near trend line, a jump till 1.3700 is possible

May 08, 2015 12:00 pm UTC| Technicals

RES4: 1.3766 (May 7th high) RES3:1.37100 RES2:1.3662 (Cloud bottom) RES 1: 1.3620 (20 day day HMA) PRICE: 1.3578 @11:37 GMT SUP 1: 1.3525 (Trend line support) SUP 4: 1.3480 (200 day HMA) SUP3: 1.3405...

NZD/USD TECHS: NZD/USD is trading below major trend line support, decline till 0.7430 is possible

May 08, 2015 09:47 am UTC| Technicals

RES4: 0.7658 (Cloud top) RES3:0.7573 (200 day 4 HMA) RES2: 0.7556 (200 day 4 HMA) RES 1: 0.7526 (7 day 4H EMA) PRICE: 0.7500 @10:42 GMT SUP 1: 0.7507 (May 1st low) SUP 2: 0.7474 (Bollinger band bottom) SUP 3:0.7435...

GBP/USD soars on conservative win in election, good to buy at declines

May 08, 2015 06:22 am UTC| Technicals

RES4: 1.5745 (161.8% retracement of 1.5497 and 1.5080) RES3: 1.5648 RES2:1.5585 (38.2% retracement of 1.7166 and 1.45648) RES1: 1.55512 (Feb 26th high) PRICE: 1.5439@ 06:02 GMT SUP 1: 1.5418...

USD/JPY is consolidating in narrow range, Market awaits NFP data

May 08, 2015 05:35 am UTC| Technicals

RES4: 122 (Mar 10th high) RES3: 121.40 (161.8% retracement of 120.49 and 118.48) RES 2: 120.80 (13th Apr high) RES 1:120.50 (May 5th high) PRICE: 119.88 @ 05:24GMT SUP 1: 119.19 (May 6th low) ...

EUR/USD cross selling weighs, overall trend is higher

May 08, 2015 04:37 am UTC| Technicals

Trades 0.5% lower in Asia, extending yesterdays 0.7% loss EUR/GBP -1.9% weighs, as UK conservative party likely to stay in power Neutral momentum studies, 20 day Bollingers, 5, 10 20 dmas head north Initial...

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