FxWirePro: CHF/JPY faces strong resistance at 112.50, good to sell on rallies
May 11, 2016 10:53 am UTC| Technicals
Major Resistance- 112.50 (21 day MA) The pair has made a high of 112.50 and declined from that level. It is currently trading around 111.54. Short term trend is bearish as long as resistance 112.50 (21 day MA)...
FxWirePro: DAX faces resistance at 21 day MA, good to sell on rallies
May 11, 2016 09:19 am UTC| Technicals
Major resistance- 10125 (21 day MA) Major support 9950 (55 day EMA) DAX has made a high of 10110 yesterday and declined till 9970 at the time of writing. It is currently trading around 9985. Minor trend is...
FxWirePro: EUR/SEK fails to sustain above key resistance at 9.2916, intraday bias remains bearish
May 11, 2016 08:13 am UTC| Technicals
EUR/SEK is currently trading around 9.2877 levels. It made intraday high at 9.2895 and low at 9.2654 levels. Intraday bias remains bearish for the moment. A daily close below 9.2612 will tests key supports...
FxWirePro: BTC/USD struggles to break above $470, good to buy at dips
May 11, 2016 08:06 am UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has once declined till $447 after making a high of $464.79.It is currently trading around $453. Short term trend is bullish as long as support $435 holds The...
GBP/NZD forms shooting star in daily chart, targets 2.0800
May 11, 2016 07:32 am UTC| Technicals
Candlestick pattern formed- Shooting Star Potential reversal Zone (PRZ) -2.1485 GBP/NZD recovered from the low of 2.1147 at the time of writing. It is currently trading around 2.1246. Short term trend is...
May 11, 2016 07:31 am UTC| Technicals
Back to back bearish candles such as Gravestone, Long legged doji Shooting star occurred at 1.8608, 1.8670 and 1.8639 levels respectively. The pair could not even test resistance at 1.8832. Despite the attempts of...
FxWirePro: USD/INR fails to break fresh 2 –week high of 66.84, intraday bias remains bearish
May 11, 2016 06:37 am UTC| Technicals
USD/INR is currently trading around 66.68. It made intraday high at 66.8350 and low at 66.66 marks. Intraday bias remains bearish till the time pair holds key resistance at 66.84 marks. A daily close below...
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