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CAD/JPY faces strong resistance at 55 4H EMA, break above targets 83.45/84.50

Jun 23, 2016 07:37 am UTC| Technicals

Major resistance -82.10 (55 4H EMA) CAD/JPY has jumped till 82.07 and started to decline from that level. It is currently trading around 81.73. The decline from 85.50 till 79.30 will be completed once the pair...

FTSE100 faces strong neck line resistance at 6410, break above targets 7125

Jun 23, 2016 07:36 am UTC| Technicals

Pattern Formed- Inverse Head and Shoulder Major resistance 6410 (Trend line joining 6487 and 6433) FTSE100 has broken minor resistance at 6323 (Jun 7th high) and is currently trading around 6330. Market...

FxWirePro: USD/ZAR hits fresh 7 –week low at 14.54, good to sell on rallies

Jun 23, 2016 07:05 am UTC| Technicals

USD/ZAR is currently trading around 14.59 levels. It made intraday high at 14.62 and low at 14.54 levels. Intraday bias remains bearish for the moment. A daily close below 14.61 will drag the parity down...

FxWirePro: USD/CNY breaks major trend line at 6.5750 as PBOC sets Yuan mid-point at 6.5658 per dollar

Jun 23, 2016 06:23 am UTC| Technicals

USD/CNY is currently trading around 6.5690 marks. It made intraday high at 6.5750 and low at 6.5665 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.5750 levels. On the top...

Nikkei225 –Bremain may trigger break above 21 day MA

Jun 23, 2016 06:22 am UTC| Technicals

Major support -15500 (200 WMA) Major resistance 16400 (21 day MA) The index is trading well above 16000 on hopes that UK will stay in EU. It is currently trading at 16205.Short term trend is slightly bullish as...

FxWirePro: AUD/JPY breaks major resistance at 78.35, stay long

Jun 23, 2016 05:59 am UTC| Technicals

AUD/JPY hits new weekly high of 78.98, intraday bias is higher. Commodity currencies remainsupported by broadly weaker dollar and rising commodity prices. Markets remain nervous heading into the EUs membership...

Trading Gold under Brexit and Bremain scenarios

Jun 23, 2016 05:45 am UTC| Technicals

Major support - $1252 (21 day MA) The bullion has declined slightly below 21 day EMA and is currently trading at $1262.92. Any violation below 21 day MA will drag the pair down till $1235 (90 day EMA)/$1212...

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