FxWirePro: FTSE100 faces strong resistance at 200- HMA, good to sell on rallies
Aug 29, 2016 09:17 am UTC| Technicals
Major resistance 6865 (200 day MA). Major support 6800 The index has recovered after making a low of 6777 yesterday. It is currently trading around 6798. FTSE100 is facing strong resistance at 6865 (200...
FxWirePro: EUR/CAD rejected by stiff trendline resistance at 1.4578, slips below 20-day MA
Aug 29, 2016 08:25 am UTC| Technicals
Recovery attempts in EUR/CAD were rejected by stiff trendline resistance at 1.4578. The pair has slipped below 20-DMA at 1.4552, but downside finds strong support at 1.45 (50-DMA). Momentum studies are neutral,...
FxWirePro: Swedish krona falls after lower than expected retail sales data
Aug 29, 2016 08:22 am UTC| Technicals
EUR/SEK is currently trading around 9.5002 levels. It made intraday high at 9.5068 and low at 9.4809 levels. Intraday bias remains bullish till the time pair holds key support at 9.4800 marks. A daily close...
FxWirePro: Hedge AUD/CAD's risks with “Long Put Ladder" capitalizing 1W tepid IVs
Aug 29, 2016 07:45 am UTC| Technicals Commentary
Technical Glimpse: Bulls are rejected at theresistance of 1.0090, massive volumes formed on declining prices in non-directional trend. Although it seems like testing at 0.9735 (7EMAs on monthly charts), bullish...
FxWirePro: NZD/USD hovers around 20-day MA, bias lower
Aug 29, 2016 07:18 am UTC| Technicals
NZD/USD rejected at major trendline resistance on Fridays trade. The pair currently hovers around 20-day MA at 0.7225. Intraday bias lower, Stochs show a bearish rollover from overbought levels. Close below...
FxWirePro: USD/TRY remains well supported above 2.95 mark, faces strong resistance at 2.9579
Aug 29, 2016 06:57 am UTC| Technicals
USD/TRY is currently trading at 2.9542 levels. It made intraday high at 2.9572 and low at 2.9458 levels. Intraday bias remains bullish till the time pair holds key support at 2.9239 marks. A sustained close...
Aug 29, 2016 06:42 am UTC| Technicals
Whipsaw pattern in the recent price behaviour of AUDCAD has been evidenced (see rectangular shaped area). Well, contemplating previous upswings prior to this pattern, more slumps are likely after whipsaws slid below...
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