FxWirePro: USD/JPY recovery not convincing, holds above 20-DMA support, but bias still lower
Sep 08, 2016 01:43 am UTC| Technicals
USD/JPY managed to erase losses from lows of 101.20, but upside seems to be loosing traction. Likelihood of another BoJ disappointment at the Sept 21 meet is rising, putting upside risk to the near-term path for...
FxWirePro: South Korean won opens onshore trade at 1,090.5 per U.S. dollar, bias remains bearish
Sep 08, 2016 01:11 am UTC| Technicals
USD/KRW is currently trading around 1,092 levels. It made intraday high at 1,092 and low at 1,09 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,107 levels. A daily close...
FxWirePro: GBP/USD runs out of steam but maintains bullish outlook
Sep 07, 2016 16:00 pm UTC| Technicals
GBP/USD declined on Wednesday as sterling attracted seller after data showed British manufacturing output fell at the fastest pace in a year in July, in the immediate aftermath of Britains vote to leave the European...
FxWirePro: EUR/USD neutral in the near-term, scope for further upside
Sep 07, 2016 13:57 pm UTC| Technicals
EUR/USD paused its uptrend in the early US Session, as investors seem guarded from making big bets ahead of ECB Press conference. ECB is expected to leave monetary policy unchanged when it meets on Thursday. Currently...
Sep 07, 2016 13:03 pm UTC| Technicals
Major resistance -78.50 (daily Kijun-Sen). The pair has recovered sharply after making a low of 78.74. It is currently trading around 79.12. Short term trend is slightly bullish as long as support 78.50...
FxWirePro: CAD/JPY faces strong support at 78.50, good to buy on dips
Sep 07, 2016 12:03 pm UTC| Technicals
Major resistance -78.50 (daily Kijun-Sen). The pair has recovered sharply after making a low of 78.74. It is currently trading around 79.12. Short term trend is slightly bullish as long as support 78.50...
FxWirePro: DAX30 downside capped by 5- day MA, good to buy on dips
Sep 07, 2016 10:02 am UTC| Technicals
Major support 10540 (trend line joining 10093 and 10438). The index has slightly recovered after making a low of 10656 yesterday and is currently trading around 10719. In the daily the index is consolidating...
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