DAX 30 faces strong resistance around 9300, break above targets 9620
Feb 16, 2016 07:22 am UTC| Technicals
Major resistance - 9300 (trend line joining 10876 and 9926) Major support - 9149 (7 day 4H EMA) The index has broken major resistance 9130 yesterday and jumped till 9266 at the time of writing. It is currently trading...
GBP/CAD breaks major support 1.9870, targets 1.9725
Feb 16, 2016 07:00 am UTC| Technicals
Pattern formed -Big M Pattern Major support -1.9870 (Jan 29th 2016 low) The pair has broken major support 1.9870 and declined till 1.9845. It is currently trading around 1.9863. Short term trend is weak as long as...
Feb 16, 2016 06:36 am UTC| Technicals
Gold erased its previous gains on the back of improvements in the global economic sentiments. Last week pair hit the fresh monthly high at $1263 level and returned back below $1200 mark. A daily close below $1188...
FxWirePro: NZD/CAD sees strong support at 0.9020, further weakness only on breaks below
Feb 16, 2016 06:17 am UTC| Technicals
NZD/CAD tests cloud base at 0.9079, holding for now, downside accelerating towards the EU session. The RBNZs Survey of Expectations recorded a sharp drop in expected inflation in two years time, from 1.85% to 1.63%,...
GBP/USD trades below minor trend line support, decline till 1.4350 is possible
Feb 16, 2016 06:09 am UTC| Technicals
Minor Support - 1.4450(trend line joining 1.4149 and 1.43828) Cable has broken minor support 1.4450 and declined till 1.44130. It is currently trading around 1.44207. Intraday trend is weak as long as resistance...
FxWirePro: Cable rejects resistance at 7DMA, leading oscillators signal more downside potential
Feb 16, 2016 05:56 am UTC| Technicals
After the formation of shooting star at 1.4498 whose highs were rejected at 1.4570 where it has tested resistance several times in the recent past as well. For now, the pair as shown some more weakness to slip below 7DMA...
CAD/JPY faces strong resistance at 83.75, break above targets 86.20
Feb 16, 2016 05:33 am UTC| Technicals
Major resistance - 83.75 (trend line joining 87.04 and 86.21) The pair has made a high of 83.50 and slightly retreated from that level. It is currently trading around 83.42. On the higher side major resistance is...
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