Cable breaks major trend line resistance, targets 1.4500 24 mins
Apr 20, 2016 10:16 am UTC| Technicals
Major resistance - 1.4370 (trend line resistance 1.45145 and 1.44590) Cable breaks major resistance yesterday and closed well above that level. It is currently trading around 1.4400. Minor trend is slightly...
FxWirePro: FTSE100 faces strong resistance at 200 W MA, good to sell on rallies
Apr 20, 2016 10:15 am UTC| Technicals
Major resistance- 6430 (200 W MA) Major support 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375. Overall trend is...
FxWirePro: Right time to deploy shorts in GBP/AUD PRBS for long term hedging
Apr 20, 2016 10:14 am UTC| Technicals
Technically, we kept urging for GBPAUDs weakness ever since the formation of gravestone doji and hanging man patterns in last September and November, now almost within 1-months time frame, it has shown declines of 0.37%...
Apr 20, 2016 09:58 am UTC| Technicals
Number of people in UK claiming unemployment benefits increased by 6,700 in March, the first rise since August 2015. Unemployment rate held steady at 5.1%, but the actual number of unemployed rose for the first time...
FxWirePro: NZD/JPY holds above trendline support at 76, good to long dips
Apr 20, 2016 09:26 am UTC| Technicals
NZD/JPY price action rages within the daily cloud which currently spans 75.81-77.72. Upside on daily charts has been capped at 78.6% Fib at 77.07, momentum still higher. Breaks above needed for further upside,...
FxWirePro: EUR/NOK fails to fall below 9.2127, good to buy on dips
Apr 20, 2016 08:27 am UTC| Technicals
EUR/NOK is currently trading at 9.2470 levels. It made intraday high at 9.2653 and low at 9.2121 levels. Intraday bias remains bullish till the time pair holds key support level at 9.2127. Alternatively, a...
Apr 20, 2016 08:26 am UTC| Technicals
Major downtrend seems still robust. We had stated in our previous post that the breaches below crucial supports at 2.0054 and 1.9302 may expose towards 50% retracement. As stated earlier, the pair has now created a...
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