FxWirePro: GBP/NZD breaks above wedge top at 2.0780, could test next resistance at 2.1250
Apr 25, 2016 08:30 am UTC| Technicals
RBNZ decision this week is the major risk event for the pair. NZ economic data which has been better than expected has been weakened the case for an April OCR cut. However, there is a 30% chance the RBNZ decides not...
FxWirePro: EUR/GBP spikes above 0.78 handle despite poor German IFO data
Apr 25, 2016 08:21 am UTC| Technicals
Data released earlier today showed that German Business Expectations, Current Assessment and Business Climate have all missed expectations for the current month. The headline German Ifo Business Climate figure came in...
FxWirePro: GBP/JPY faces strong support at 160, good to buy at dips
Apr 25, 2016 07:36 am UTC| Technicals
Major resistance -162.60 Major support 158 (21 day 4HMA) The pair has opened higher today morning around 161.74 and started to decline from that level. It is currently trading around 160.60. Short term...
FxWirePro: Turkish lira continues to fall against US dollar, intraday bias remains bullish
Apr 25, 2016 07:21 am UTC| Technicals
USD/TRY is currently trading at 2.8463 levels. It made intraday high at 2.8520 and low at 2.8421 levels. Intraday bias remains bullish for the moment. A daily close below 2.8402 will take the parity down...
FxWirePro: EUR/GBP closes bearish gap, stays firm ahead of German IFO data, bias lower
Apr 25, 2016 06:38 am UTC| Technicals
EUR/GBP opened with a bearish gap down and hit fresh monthly lows at 0.7749. The pair has broken below strong trendline support at 0.7780 and price action has dipped into the cloud. The pair has closed the...
FxWirePro: USD/CNY breaks key resistance at 6.4910, next target 6.5182
Apr 25, 2016 06:19 am UTC| Technicals
Pair is currently supported above 6.50 marks and trading around 6.5042 levels. It made intraday high at 6.5055 and low at 6.4950 levels. Intraday bias remains bullish for the moment. A daily close below...
FxWirePro: Gold takes support near trend line, good to buy at dips
Apr 25, 2016 06:19 am UTC| Technicals
Major support - $1225 (trend line joining $1205 and $1208) Major resistance - $1242 (55 day 4H EMA) The commodity has taken support at $1227 and started to recover from that level. It is currently trading at...
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