Dec 14, 2015 14:03 pm UTC| Technicals
Kudos for continuing to joyride on USDCADs non-stop streak of upswings on 11 and half years highs. Speculators dont really appreciate the options until they understand equivalent positions, hedgers least bothered as...
FxWirePro: Bulls bets on USD/CAD 11-1/2 years high – no trace of shorting scenes
Dec 14, 2015 13:38 pm UTC| Technicals
USD/CAD uptrend is spiking off to Mars, Venus or some other planet despite leading oscillators reached overbought zone, the pair on EOD chart doesnt seem to bother these indications alerted by RSI and stochastic...
FxWirePro: GBP/USD key resistance at 1.5168, bearish in the short term
Dec 14, 2015 13:29 pm UTC| Technicals
The GBP/USD has slipped back sharply, by trading in lower range, shedding more than 140pips to trade around 1.5119 levels. Currently the pair is approaching to test resistance level located at 1.5116 levels. Currently...
FxWirePro: EURUSD strengthens with bullish bias, watch out for 1.000 levels
Dec 14, 2015 13:11 pm UTC| Technicals
EUR /USD after Fridays bounce towards 1.0994 levels slipped lower in the earlier sessions. However, after finding minor support at 1.0944, the pair has bounced towards 1.0980 levels. Further the decline is expected to...
Dec 14, 2015 13:05 pm UTC| Technicals
The yellow metal traded lower after breaking support level at 1070 in Asian session. However, after finding support at 1065 levels, the commodity has rebounded strongly and is approaching to test resistance level located...
S&P500 faces strong support around 2000, break below targets 1945
Dec 14, 2015 12:41 pm UTC| Technicals
Major support - 2000 Any break below 2000 will drag the index down till 1960/1940 in short term. Minor bullishness only above 2040 and any indicative break above will take the pair till 2060/2085 Overall...
Dec 14, 2015 11:55 am UTC| Technicals
Potential Reversal Zone (PRZ) - 1.5250 (trend line joining 1.5799 and 1.55069) The pair has made a high of 1.52395 and retreated from that level. It is currently trading around 1.51521. On the lower side major...