GBP/CAD forms triple top at 2.0325, markets eye UK CPI data for further direction
Nov 17, 2015 05:54 am UTC| Technicals
Pattern formed -Triple Top Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has once again retreated after making a high of 2.0325 level. It is currently trading around 2.02390. Market eyes UK CPI data which is to be...
FxWirePro: NZD/USD bear signs upped on clean break of 0.6500 support, good to sell rallies
Nov 17, 2015 05:41 am UTC| Technicals
NZD/USD price action dives below the cloud and the pair has made a clean break below the 0.6500 support. Test of 0.6420 levels likely after a global dairy auction to be held early on Wednesday. Dairy prices fell for the...
AUD/NZD: Call Update - Our long is in decent shape; approaching TP:1
Nov 17, 2015 05:06 am UTC| Technicals
Our AUD/NZD long is in decent shape, positive setup in the pair continues, bulls likely to test 1.1014, 61.8% of Sep/Nov fall. 10-DMA (at 1.0837) limits the downside, Tenkan and Kijun are positively aligned and the...
FxWirePro: Strong support for AUD/USD at 0.7075, good to buy dips
Nov 17, 2015 04:13 am UTC| Technicals
AUD/USD closed Mondays trade above channel support at 0.7085. The pair trades a narrow range on the day between 0.7108 and 0.7083, but holds above major support at 0.7075. Breaks below could see weakness,...
GBP/JPY faces strong resistance 187.70, sell on rallies
Nov 17, 2015 04:10 am UTC| Technicals
Potential Reversal Zone (PRZ) -187.70 GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level. Further bullishness can be seen only above 187.70 and break above targets...
USD/CHF - Watch Out for 1.0125 for further bullishness
Nov 17, 2015 03:25 am UTC| Technicals
Potential Reversal Zone (PRZ)- 1.0125 USDC/CHF has closed above 1.0760 (127% retracement of 0.9902 and 0.9259) and this confirms minor bullishness , a jump till 1.01250 is possible . The further bullishness can...
FxWirePro: USD/CHF key support at 1.0042, upside prevails in the short term
Nov 16, 2015 15:00 pm UTC| Technicals
The USD/CHF has inched towards 1.0070 levels, after failing to break below 1.0042 support levels. The pair has been trading in a sideways movement off late, a strong rebound is expected to take place sooner or later around...
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