
FxWirePro: FTSE100 upside capped by 7- day MA, good to sell on rallies
Jan 25, 2017 12:33 pm UTC| Technicals
Major support 7130 (resistance turned into support). Major resistance 7360 FTSE100 shown a slight jump above pschycological level of 7200 from the low of 7129 made on 23rd Jan 2017. It is currently trading...

Jan 25, 2017 12:02 pm UTC| Technicals
Major resistance -1.2550 (trend line joining 1.2435 and 1.25455) Major support 1.24785 (trend line joining 1.22605 and 1.24180) Cable has taken support near 60 day EMA and jumped sharply from that level. It is...

GBPUSD trades above major resistance at 1.2550, targets 1.2770
Jan 25, 2017 10:55 am UTC| Technicals
Major resistance -1.2550 (trend line joining 1.2435 and 1.25455) Major support 1.24785 (trend line joining 1.22605 and 1.24180) Cable has taken support near 60 day EMA and jumped sharply from that level. It is...

Jan 25, 2017 09:57 am UTC| Technicals
AUDJPY bears resume precisely at 50% Fibonacci retracement and 21-EMA with a shooting star formation (see monthly chart), thereby, we could now see the struggle in the consolidated phase that was persistent from last...

FxWirePro: EUR/JPY holds 50-DMA support, intraday bias higher
Jan 25, 2017 09:34 am UTC| Technicals
EUR/JPY fails to close below 50-DMA which is strong support, currently at 121.53. The pair also holds above daily cloud and only break below could see downside. Violation at 50-DMA would allow slippage to the...

FxWirePro: AUD/JPY holds major trendline support at 85.50, targets 83.75
Jan 25, 2017 09:01 am UTC| Technicals
AUD/JPY is attempting break of major trendline support at 85.50, intraday bias lower. Momentum studies bearish, RSI points south and on verge of slipping below 50 level. Next support seen at 84.85 (50-DMA),...

FxWirePro: USD/KRW exhibits range bound movement, bias remains neutral
Jan 25, 2017 08:23 am UTC| Technicals
USD/KRW is currently trading around 1,165 levels. Pair made intraday high at 1,168 and low at 1,163 marks. Intraday bias remains neutral till the time pair holds key support at 1,162 levels. A daily close...