FxWirePro: Cable breaks major support after UK GDP data, good to sell on rallies
Nov 27, 2015 10:41 am UTC| Technicals
UK Q3 GDP 2nd release QOQ rose at 0.5% compared to forecast of 0.5% and YOY came at 2.3% compared to forecast of 2.3%. But business investment (2.2% vs. 0.8% exp) and private consumption (0.8% vs 0.7% exp) has...
Watchout for NZD/USD break below 0.6500 for further weakness
Nov 27, 2015 10:21 am UTC| Technicals
NZD/USD has strong support at 0.6500, a level from which the pair has bounced off multiple times since Nov 6th. The pair has dipped below the 100 DMA at 0.6539, Stochs are at neutral but show bearish...
EUR/AUD breaks minor trend line resistance, targets 1.4800
Nov 27, 2015 09:36 am UTC| Technicals
Major trend line resistance - 1.4700 (trend line joining 1.51339 and 1.4832) The pair has broken trend line resistance 1.4700 and is trading around 1.4726. Short term trend is bullish as long as support 1.46500...
Nov 27, 2015 08:47 am UTC| Technicals
NZD fell from 0.6597 to 0.6565 before steadying around 0.6570. The resumption of the US dollar uptrend should weigh on the NZD during the next few months. We target 0.62 by year end. The two main factors expected to...
FxWirePro: NZD/USD shooting star reignites bear run - cover dollar shorts against NZD
Nov 27, 2015 08:38 am UTC| Technicals
The pair has currently making all efforts to break support at 0.6556 today after failing to hold the resistance at 0.6590 by forming shooting star pattern candle yesterday. This pair has struggled at that level quite a...
FxWirePro: BTC/EUR faces strong support around $320, good to buy at dips
Nov 27, 2015 07:57 am UTC| Digital Currency Technicals
BTC/EUR has made a high of $46.76 and started to decline from that level. Short term trend is bullish as long as support $320 (resistance turned into support) holds. Any break below $320 will drag the pair down till...
AUD/NZD restrained within cloud after retreat from double top (1.1086), target 1.0730 in sight
Nov 27, 2015 07:27 am UTC| Technicals
AUD/NZD has formed Double-top at 1.1086 (Nov 24,25), price action has dipped back into the cloud, target 1.0730 in sight. The pair has broken minor trendline support at 1.1011 in yesterdays trade, and price action on...
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