GBP/USD faces minor resistance at 1.4490, break above targets 1.4580/1.4600
Feb 10, 2016 06:54 am UTC| Technicals
Minor resistance - 1.4490 (trend line joining 1.4580 and 1.45154) Minor support - 1.4420 (trend line joining 1.4149 and 1.4350) The pair is facing strong resistance around 1.4490 and break below confirms minor...
FxWirePro: NZD seems vulnerable on trade terms – hedge with delta option combinations
Feb 10, 2016 06:37 am UTC| Technicals
Of the non-oil commodity exporters, NZD and ZAR should be the weakest. New Zealands current account deficit will probably balloon from -4% to at least -6% in the months to come on lower dairy prices and still-strong import...
FxWirePro: EUR/JPY extends declines from channel top resistance, good to sell rallies
Feb 10, 2016 06:32 am UTC| Technicals
EUR/JPY trades a falling channel, and we notice price action was rejected at channel top multiple times on Jan 29th, Feb 1st and 2nd. Daily cloud currently spanning 130.6068 to 131.7930 is also weighing on the...
Kiwi remains supported below major resistance levels at 0.6658, sell on rallies
Feb 10, 2016 06:24 am UTC| Technicals
Pair is currently trading at $0.6615 levels. It made intraday high at $0.6645 and $0.6604 levels. Commodity currencies are more affected by falling oil prices. Both crude benchmarks suffered sharp losses, with...
Feb 10, 2016 06:21 am UTC| Technicals
As stated earlier, on weekly charts even though it has tested supports at neckline of double top at 0.6447 that acts as an intermediary supports within the channel it fails to hold on channel resistance and dropping quite...
GBP/JPY faces minor trend line resistance at 166.60, break above targets 169/170.60
Feb 10, 2016 06:13 am UTC| Technicals
Minor resistance -166.60 (trend line joining 167.18 and 166.91) Minor support - 165.30 (trend line joining 164.79 and 165.27) The pair faces strong minor resistance around 166.67 and break above targets...
Feb 10, 2016 06:11 am UTC| Technicals
Our EUR/GBP call ( http://www.econotimes.com/FxWirePro-EUR-GBP-breaks-trendline-resistance-hits-new-yearly-highs-at-07787-good-to-buy-dips-157649) has hit targets. Price action in EUR/GBP hit highs at 0.7850 before...
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