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FxWirePro: Don’t get bull trapped in CAD/JPY, go long only above 88.995, else likely to retest 87.400

Dec 15, 2015 06:28 am UTC| Technicals

The successful outcomes may not be possible only from accurate technical or fundamental or any other analysis in this world. Shrewd trades have to control human instincts. Yes, were referring to CADJPY it is not always...

FxWirePro: BTC/USD struggles to break below $400, good to buy at dips

Dec 15, 2015 05:37 am UTC| Technicals Digital Currency

Major intraday resistance - $468 The pair has recovered after making a low of $403. It is currently trading around $452. BTC/USD is still bullish as long as support $400 holds. Any break above major...

FxWirePro: Daily cloud cushions slide in AUD/USD, good to buy dips

Dec 15, 2015 04:50 am UTC| Technicals

AUD/USD slide from 0.7385 highs hit on Dec 4th is seen cushioned by cloud top (currently at 0.7162) on multiple occasions. AUD/USD trades above yesterdays 0.7270 high on short covering, USD looks vulnerable as market...

FxWirePro: USD/JPY largely rangebound, hovers around 121 handle

Dec 15, 2015 03:26 am UTC| Technicals

U.S. currency remained vulnerable to any surprise from the U.S. central bank meeting, a hike has already been discounted but last-minute position adjustments being made. Markets cautious, awaiting clues on how the...

Major Asian Indices Technical Analysis

Dec 15, 2015 02:31 am UTC| Technicals

Nikkei Nikkei has recovered after making a low of 18536 . It is currently trading around 18726. The index is facing major support is around 18500 and any further weakness can be seen only below that level.Short term...

FxWirePro: USD/CAD key support at 1.3625, favoring further upside

Dec 14, 2015 18:48 pm UTC| Technicals

The USD/CAD pair slipped sharply downwards, after the US market opened. However, the pair rebounded strongly after finding support level at 1.3678 levels. As long the pair trades above strong support zone located at 1.3624...

FxWirePro: AUD/USD key resistance at 0.7312, bearish in the short term

Dec 14, 2015 14:57 pm UTC| Technicals

AUD/USD has rebounded strongly after finding support at 0.7159 and is trading around 0.7230 levels, the resistance level at 0.7261 is set to hold the bulls from advancing further above and push the pair downwards in the...

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