May 18, 2016 11:42 am UTC| Technicals
At spot FX flashes of EURUSD at 1.4525 please be informed that the delta risk reversal for contracts of 1W and 1M expiries have shown reducing bearish sentiments, but in long term (3M-1Y) put contracts are still on higher...
FxWirePro: WTI crude halts at 7 months highs – sustenance above brings in new bullish environment
May 18, 2016 09:53 am UTC| Technicals
Weve been seeing WTI crude oil prices showing up considerable intensity in buying interests especially after the formation of dragonfly doji on monthly charts. We see bulls gaining momentum in rising channel...
FxWirePro: GBP/JPY faces strong resistance at 159.05, good to sell on rallies
May 18, 2016 09:47 am UTC| Technicals
Major support -156.80 (10 day MA) Major resistance -159.05 (55 day EMA) GBP/JPY has declined after making a high of 158.98. It is currently trading around 157.59. Minor weakness can be seen only below...
FxWirePro: BTC/USD struggles to close above $470, good to sell on rallies
May 18, 2016 08:42 am UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $451 yesterday. It is currently trading around $453.79. Minor trend is slightly bearish as long as resistance $470 holds The...
FxWirePro: EUR/SEK remains well supported below 9.35, intraday bias remains bearish
May 18, 2016 07:55 am UTC| Technicals
EUR/SEK is currently trading around 9.3353 levels. It made intraday high at 9.3442 and low at 9.3285 levels. Intraday bias remains bearish for the moment. A sustained break above 9.35 tests key resistances...
FxWirePro: DAX faces strong resistance 10200, good to sell on rallies
May 18, 2016 07:46 am UTC| Technicals
Major resistance- 10200 (200 day MA) Major support -9750 DAX has made a high of 10110 (May 10th 2016) and declining from that level. It is currently trading around 9816. Short term trend is low as long as...
FxWirePro: South African rand falls against US dollar ahead of CPI data
May 18, 2016 07:00 am UTC| Technicals
Pair is currently trading at 15.72 marks. It made intraday high at 15.75 and low at 15.52 levels. Intraday bias remains bullish till the time pair holds key support level at 15.37 levels. A daily close above...
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