FxWirePro: BTC/USD breaks major resistance around $409, targets $450
Feb 17, 2016 07:01 am UTC| Technicals Digital Currency
BTC/USD has broken major resistance $409 and jumped till $410.50 at the time of writing It is currently trading around $409.93. Short term trend is slightly bullish as long as support $390 holds. On the higher side...
FTSE 100 faces strong resistance around 5950 , break above targets 6050
Feb 17, 2016 06:59 am UTC| Technicals
Major resistance -5950 Major support -5780 (55 day H EMA) The index has broken 5880 (Yesterdays high) and jumped till 5900 at the time of writing. It is currently trading around 5896. Short term trend is...
Indonesian rupiah falls on interest rate cut fears
Feb 17, 2016 06:36 am UTC| Technicals
Pair is well supported above 13400 marks and recovers from fresh 3 month low at 13335 levels. It made intraday high at 13495 and low at 13395. BI is scheduled to release interest rate decision on its 17-18...
FxWirePro: AUD/NZD likely to test trendline resistance at 1.0895 - bulls stay long via debit spreads
Feb 17, 2016 06:22 am UTC| Technicals
Aussie dollar after 1st half of Februarys losing streak upto the bottom at 1.0570 that had begun from the formation of back to back shooting star patterns at peaks of 1.0927 and 1.0914 levels, it is now making an attempt...
Indian rupee at its weakest level since early September 2013, likely to fall further
Feb 17, 2016 05:56 am UTC| Technicals
The Indian rupee opened lower by 12 paise at 68.49 per dollar versus 68.37 Tuesday. It made intraday high at 68.66 and low at 68.39 levels. In addition, Indias benchmark index NSE Nifty was trading 0.40% lower to...
FxWirePro: Deploy diagonal straps to keep AUD/NZD's puzzling swings on check
Feb 17, 2016 05:56 am UTC| Technicals
As we expect the RBA to remain on hold for some time, but the RBNZ to ease again in March and June. Expected RBA vs RBNZ direction, plus strong MA flow into the AUD, favours AUD/NZD upside over the next few months to...
FxWirePro: USD/JPY rangebound, recovery stalls shy of 38.2% fib level
Feb 17, 2016 05:56 am UTC| Technicals
USD/JPY is trading rangebound on the day, with days high at 114.39 and lows at 113.59. The pairs recovery from multi-year lows at 110.96 (Feb 11th) stalled for now just shy of the 38.2% fib level of 121.68 -110.96...
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