
FxWirePro: NZD/CAD on track to test 100-DMA at 0.9491, good to go long on dips
Dec 28, 2016 09:11 am UTC| Technicals
NZD/CAD has broken major trendline resistance at 0.9350, bias higher. The pair is at the time of writing holding above 0.94 handle after breaking 20-DMA resistance at 0.9382. The below mentioned technical...

Dec 28, 2016 08:12 am UTC| Technicals
Weve already emphasized bullish gap formations in our previous technical write up. You see the break-away gap occurred at 46.27 and bulls bounced from the lows of 44.86 with intensified bullish momentum. Thereafter,...

FxWirePro:FTSE100 downside capped by 10 –day MA,good to buy on dips
Dec 28, 2016 07:59 am UTC| Technicals
Major resistance 7130 (Oct 11th high) Major intraday support -6995 (10- day MA) The index breaks minor resistance at 7050 and slightly jumped till 7084 at the time of writing from that level. FTSE100 closed...

FxWirePro: AUD/JPY holds above major trendline support at 84, intraday bias higher
Dec 28, 2016 07:48 am UTC| Technicals
AUD/JPY breaks above 5-DMA at 84.42, extends bullish momentum. The pair is on track to test 85, but finds stiff resistance by 20-DMA at 85.25. Further bullishness seen only on break above 20-DMA. Technical...

EUR/CAD breaks major resistance 1.4170, jump till 1.4295 likely
Dec 28, 2016 07:05 am UTC| Technicals
Major resistance 1.4170 Major support -1.4140 (trend line joining 1.38802 and 1.40705) EUR/CAD has broken major resistance of 1.4170 yesterday and jumped till 1.42177 at the time of writing. It is currently...

FxWirePro: EUR/JPY bounces off 20-DMA support, could see test of 124 levels, stay long
Dec 28, 2016 06:54 am UTC| Technicals
EUR/JPY has shown a bounce off 20-DMA support, we see scope for further upside. Yen largely ignores upbeat Japan retail sales data, EUR/JPY trades 0.25 pct higher on the day. Market sentiment remains largely...

Dec 28, 2016 06:20 am UTC| Technicals
USDJPY bounced vigorously from the lows of 101.190 to the current 117.569 levels, this flurry of bullish streaks is during Feds announcement of rate hikes and forward guidance. The current prices have consistently been...