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FxWirePro: GBP/JPY downside capped by 55- day EMA,good to buy on dips

Feb 15, 2017 09:06 am UTC| Technicals

Major resistance - 142.40 (trend line joining 144.73 and 144.13). Major Intraday support 141 (55- day EMA) GBP/JPY shown huge decline after jumping till 142.56 yesterday. The pair declined slightly below 141...

FxWirePro: South African rand strengthens against U.S. dollar, hits highest level since August 2015

Feb 15, 2017 08:40 am UTC| Technicals

USD/ZAR is currently trading around 13.06 levels. It made intraday high at 13.10 and low at 13.04 levels. Intraday bias remains bearish for the moment. A daily close above 13.07 will take the parity...

FxWirePro: EUR/GBP price action capped between 50 & 200 DMAs, breakout to provide clear directional bias

Feb 15, 2017 08:37 am UTC| Technicals

EUR/GBP rangebound in the European session, price action remains capped between 50 200 DMAs. Data released on Tuesday showed Euro area December quarter GDP was revised down from the flash estimate of 0.5 percent to...

FxWirePro: Momentary bears in WTI line up in whipsaws, pop up with flurry of bearish patterns ahead of inventory check

Feb 15, 2017 08:12 am UTC| Technicals

On daily terms, theshooting star is traced out at 53.01 levels to evidence the price slumps below DMAs. On weekly terms, spinning top and doji are occurred at 53.67 and 53.15 levels respectively. Well, for now,...

USD/NOK struggles at 8.40, good to go long close above

Feb 15, 2017 07:45 am UTC| Technicals

The Norwegian Krone consolidates between a narrow range despite upbeat Norway consumer confidence and Trade balance figures. Norways consumer confidence rose 5.2 points in Q1 versus revised 1.8 in Q4, while Trade...

FxWirePro: USD/CNY trades in narrow range, bias remains neutral

Feb 15, 2017 07:00 am UTC| Technicals

USD/CNY is currently trading around 6.8662 marks. It made intraday high at 6.8708 and low at 6.8606 levels. Intraday bias remains neutral for the moment. A sustained close above 6.8648 marks will test key...

FxWirePro: USD/JPY monthly technicals diverge from weekly terms, unearth fact from the fiction – Double touch binaries to speculate

Feb 15, 2017 06:39 am UTC| Technicals

After nine months of consolidation phase to prevent bears in the major trend is visible in monthly plotting. The major trend turns into consolidation phase again after last months bearish swings, the potential bullish EMA...

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