JPY firms against US dollar, more downside expected
Feb 04, 2016 10:56 am UTC| Technicals
Pair is well supported above 117.00 marks. It made intraday high at 118.24 and low at 117.33 levels. A break of 117.05 is necessary to confirm the bearish trend and below this major support falls at 117.85 levels....
FxWirePro: GBP/CAD can’t be spared from losing on Super Thursday, casts-off resistance 2.0292
Feb 04, 2016 10:33 am UTC| Technicals
Today it would be a hectic day for the Bank of England as it has to deliver two important policy decisions, MPC minutes and the Inflation Report. In between, the central bank will likely keep interest rates at...
US Dollar Index break major support 97.20, decline till 96.25/95.60 is possible
Feb 04, 2016 10:20 am UTC| Technicals
Major support -97.20 (Dec 15th 2015) Dollar index has broken major support 97.20 and declined till 96.77 at the time of writing. It is currently trading around 96.80. Any break below 97.20 confirms minor weakness, a...
FxWirePro: aussie turns higher, RBA monetary policy in focus
Feb 04, 2016 09:34 am UTC| Technicals Central Banks
The Aussie continued to add further gains and made new intraday high at $0.7218 levels. Pair is currently trading at $0.7207 levels, made intraday low at $0.7153 levels. On the other side, heavy USD sell-off...
EUR/USD breaks major resistance 1.11500, targets 1.1270
Feb 04, 2016 09:30 am UTC| Technicals
Major resistance -1.11500 (Feb 3rd High) The pair has broken major resistance 1.11500 which confirms minor trend reversal , a jump till 1.1180/1.1245/1.1270 is possible . On the lower side major weakness can be seen only...
Feb 04, 2016 09:13 am UTC| Technicals
Major resistance -1.1060 (Dec 15th 2015 high) The pair has broken major resistance and jumped till 1.11455. It is currently trading around 1.10720. Short term trend is bullish as long as support 1.1000 holds. Any break...
Feb 04, 2016 08:24 am UTC| Technicals
The hammer formation at the bottom of downtrend at around 165.927 ondaily chart, has shown its relieving effects for interim bulls to reach out upto the highs of 175.011 as anticipated. But that is where it has now...
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