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Sat, Nov 02, 2024 03:36 AM All times are UTC

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FxWirePro: Gap down penetrates more space for GBP/JPY downtrend - T1 achieves, on the verge of hitting 175

Jan 04, 2016 06:17 am UTC| Technicals

The New Year series for GBPJPY has been unpleasant as we traced out gap down opening at 177.084 with day intraday lows at 175.796. Thereby, the pair has achieved our 1st targets at 177.125 and now our second target 175...

CAD/JPY breaks major trend line support, decline till 82.50 is possible

Jan 04, 2016 06:11 am UTC| Technicals

Major support - 86 (Trend line joining 73.30 and 74.40) The pair has broken major trend line support 86 which confirms major weakness, a decline 85.30/82.25 is possible. Short term trend is still weak as long as...

FxWirePro: USD/JPY slips below the 120 handle, good to short rallies

Jan 04, 2016 05:31 am UTC| Technicals

USD/JPY has broken below the 120 handle for the first time since October as Chinese data induced risk-off weighs on USD. The pair broke below strong trendline support on 24th Dec and after a brief period on sideways...

AUD/CHF faces trend line support at 0.7195, break below targets 0.7050

Jan 04, 2016 05:30 am UTC| Technicals

Major Trend line support -0.7195 (trend line joining 0.7057 and 0.7182) The pair has made a temporary top around 0.7030 and started to decline from that level. It is currently trading around 0.7205 level. On the...

FxWirePro: AUD/JPY breaks below channel base support, good to sell rallies

Jan 04, 2016 04:36 am UTC| Technicals

The Japanese Yen is seen as a beneficiary of safe haven flows today, while the Antipodeans are struggling to make a comeback. Soft Caixin China Manufacturing PMI reigniting fears of a slowdown in China, dents risk...

USD/CHF faces strong resistance around 1.00350, good to sell on rallies

Jan 04, 2016 03:42 am UTC| Technicals

Major Resistance -1.00350 (Dec 4th high) The pair has once again made a high of 1.00280 and started to decline from that level. Short term trend is still weak as long as resistance 1.00350 holds. On the lower...

Major Asian Indices Technical Analysis

Jan 04, 2016 03:01 am UTC| Technicals

Hang Seng: Hang Seng has broken minor support 21700 which confirms minor trend reversal a decline till 20900 is possible. It is currently trading around 21395 The index resistance is at 21800 and any indicative...

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Economy

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Politics

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Science

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Technology

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