FxWirePro: Strong resistance for EUR/JPY around 132.80, good to sell rallies
Dec 18, 2015 06:42 am UTC| Technicals
Sell-off in Yen post BoJ meeting proved to be short-lived, EUR/JPY spiked to 133.77 levels, but the spike was quickly sold off. BOJ earlier today kept monetary policy steady as expected. It pledged to increase monetary...
FxWirePro: BTC/USD faces strong resistance around $465, break above targets $480/$500
Dec 18, 2015 06:20 am UTC| Technicals Digital Currency
Major resistance - $465 The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446. Short term trend is still bullish as long as support $425 holds. Any break...
FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies
Dec 18, 2015 06:03 am UTC| Technicals
Harmonic Pattern Formed- Bullish BAT Pattern Potential Reversal Zone (PRZ) -2116 The index has pared its gains after making a high of 2081. It is currently trading around 2028. Short term trend is still...
FxWirePro: AUD/USD takes channel support at 0.7096, good to buy dips
Dec 18, 2015 05:03 am UTC| Technicals
AUD/USD retakes 0.71 handle, recovery gains momentum into European Session. Rebound seen in gold prices likely supporting the Aussie, recovery may be short lived as USD likely to see further strength. Pair has...
Dec 18, 2015 04:16 am UTC| Technicals
USD rises more the 0.6 pct vs yen, hits a 2-week high of 123.54 after BOJ kept monetary policy steady and pledged to increase monetary base at annual pace of 80 trln yen. The c.bank to increase purchases of ETFS,...
Nikkei recovers after making a low of 19198, good to buy at dips
Dec 18, 2015 03:35 am UTC| Technicals
Nikkei has retreated after making a high of 19537 and declined till 19198. It is currently trading around 19335. The index has broken major resistance 19300 just now a jump till 19500 is possible . The major...
Solar freakin' roadways? Why the future of this technology may not be so bright
Dec 18, 2015 01:05 am UTC| Insights & Views Technicals
When we are not driving, cycling, or walking on it, a road is just a waste of space, right? Not if it is a solar road! What a perfect combination. When its exposed to the sun, the road is generating clean electricity,...