Jun 03, 2016 08:15 am UTC| Technicals
Last two days of slumps have tested support at 78.674 as bearish momentum is fading away. We can observe at the same levels, a Dragonfly doji pattern at 7DMA was traced out in the recent past but with a stiff resistance...
FxWirePro:FTSE100 faces resistance at 61.8% extension, good to sell on rallies
Jun 03, 2016 08:05 am UTC| Technicals
Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243. FTSE100 should...
GBP/NZD breaks major trend line support, targets 2.000
Jun 03, 2016 06:57 am UTC| Technicals
Major Support: 2.110 (trend line joining 2.0400 and 2.1107) GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036. Minor trend reversal only...
FxWirePro: Silver refrains from falling below $15.88, intraday bias remains bullish
Jun 03, 2016 06:43 am UTC| Technicals
XAG/USD is currently trading around $16.02 marks. It made intraday high at $16.03 and low at $15.93 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 marks. A daily close...
Jun 03, 2016 06:33 am UTC| Technicals
Well, as per our prediction inn our recent write up, sideway swings on daily term have headed towards bearish business. After pair evidencing whipsaws on resistance at 1.8866 levels and the price slid below 7DMA...
CHF/JPY breaks major support 110.20, targets 108.80/108
Jun 03, 2016 06:29 am UTC| Technicals
Pattern Formed- M-Shaped Pattern Major support- 110.20 (24 th May low) The pair has broken major support 110.20 and declined till 109.60 at the time of writing. Any break below 110.20 will drag the pair down...
FxWirePro: EUR/JPY sees tepid recovery from 3-year low at 121.05, bias lower, good to sell rallies
Jun 03, 2016 06:26 am UTC| Technicals
Euro slumped on Thursday as ECB left policy unchanged and revised its economic and inflation forecast for 2016. BoJ member, Takehiro Sato, criticized BoJs negative interest-rate policy and said that the central bank...
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