FxWirePro: GBP/NZD extends consolidation near new 11-month lows at 2.0417
Apr 19, 2016 06:59 am UTC| Technicals
GBP/NZD has been trading a falling wedge formation and has hit fresh 11-month lows at 2.0417 on Mondays trade. Uncertainty around the Sterling in the run-up to the EU referendum likely to keep the pair...
Apr 19, 2016 06:38 am UTC| Technicals
Jump 21DMA may drag rallies upto 76.951 but dont have open longs for long term basis. From yesterday, the pair rallied continuously from 74.141 to 76.449 levels. It is likely to test the next minor resistance at...
GBP/JPY breaks major resistance 155.80, targets 158.20/158.80
Apr 19, 2016 06:23 am UTC| Technicals
Major Resistance 155.80 The pair has broken major resistance 155.80 and jumped till 156.19. It is currently trading around 156.01. Intraday trend is slightly as long as support 154.95 (7 day EMA) holds. Any...
FxWirePro: EUR/JPY holds upside ahead of crucial German ZEW data, bias higher
Apr 19, 2016 05:53 am UTC| Technicals
EUR/JPY bounced off from fresh 3-year lows at 121.71 on Monday and is holding gains above the 123 handle. Markets await the crucial Germany ZEW Economic Sentiment data due ahead in the European session. The...
FxWirePro: US OIL faces strong resistance at $40.40, good to sell on rallies
Apr 19, 2016 05:53 am UTC| Technicals
Major Resistance - $40.40 (200 day MA) The commodity has recovered after making a low of $37.56. It is currently trading around $39.83. Short term trend is weak as long as resistance $40.40 holds. WTI crude...
FxWirePro: NZD/CAD faces strong support at 0.8850, good to buy at dips
Apr 19, 2016 05:52 am UTC| Technicals
Major Resistance- 0.902 Major support 0.8850 The pair has recovered after making a low of 0.88698. It is currently trading around 0.89404. NZD rebounds against all major pairs on account of better than...
FxWirePro: EUR/SEK fails to break key support at 9.1501, intraday bias remains bullish
Apr 19, 2016 05:26 am UTC| Technicals
EUR/SEK is currently trading around 9.1831 levels. It made intraday high at 9.1832 and low at 9.1625 levels. Intraday bias remains bullish for the moment. A daily close below 9.1501 will likely to take the...
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