FxWirePro: CAD/JPY whipsaws now turning into bear swings as back-to-back
May 19, 2016 07:31 am UTC| Technicals
Upswings could not manage to hold resistance at 84.578, and then tested one more resistance at 21DMA to drop below. As a result, weve seen back-to-back long legged dojis at 84.532 and 84.535 levels respectively. For...
FxWirePro: EUR/AUD fails at major resistance at 1.56, upside only on breaks above
May 19, 2016 06:58 am UTC| Technicals
EUR/AUD extends gains for the second straight session on Aussie weakness post weak jobs report. Australias unemployment rate held steady at 5.7% in March, while 10,800 jobs were added, below expectations of a 12,000...
US Dollar Index breaks major resistance at 95.20, jump till 96.40 is possible
May 19, 2016 06:52 am UTC| Technicals
Major resistance- 95.20 (Apr 14th 2016) Major support 94.10 (21 day MA) US Dollar index has surged overnight on the modestly hawkish FOMC minutes increased hopes of rate hike in June. Fed fund futures shows...
FxWirePro: NZD/JPY rejected at stiff resistance (74.50), breaks above could see further upside
May 19, 2016 06:39 am UTC| Technicals
NZD/JPY was rejected at stiff resistance at 74.50, further gains only on break above. RBNZ Q2 2-year inflation expectations gauge weighed negatively on the sentiment around the NZD. Momentum studies are neutral,...
May 19, 2016 06:15 am UTC| Technicals
After long whipsaws on DMA curves, the bulls have managed to bounce above DMAs. The current upswings are most likely to drag upto the next resistance levels. The next major resistance is at 111.063 the extension of...
FxWirePro: Chinese Yuan hits fresh monthly low against US dollar, good to buy on dips
May 19, 2016 06:09 am UTC| Technicals
USD/CNY is currently trading around 6.5420 marks. It made intraday high at 6.5463 and low at 6.5369 levels. Intraday bias remains bullish till the time pair holds key support at 6.5170 levels. A sustained...
FxWirePro: USD/INR hits fresh 1 –month high at 67.26, intraday bias remains bullish
May 19, 2016 05:44 am UTC| Technicals
USD/INR is currently trading around 67.22. It made intraday high at 67.26 and low at 67.12 marks. Intraday bias remains bullish till the time pair holds key support at 66.82 marks. A daily close above 67.26...
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