FxWirePro: BTC/USD takes support near 200 day 4HMA, good to buy at dips
Dec 03, 2015 06:49 am UTC| Digital Currency Technicals
BTC/USD has made a low of $348 and started to recover from that level. Overall trend is still bullish as long as support $340 holds. Any break below $340 will drag the pair further down till $328/$320. On the...
FxWirePro: Don't get bull trapped with EUR/JPY- Wait for confirmation
Dec 03, 2015 05:52 am UTC| Technicals
Technical Rationale:Considering previous immediate downtrend we are still bearish only considering prevailing upswings are just the speculating effects ahead of ECB meet, bearish candle forms such as long legged doji at...
Trading Euro on ECB monetary policy
Dec 03, 2015 05:49 am UTC| Technicals
ECB is expected to unleash a fresh round of stimulus measures on Thursday after inflation in the Euro zone remained at 0.1% in Nov compared to forecast of 0.2%. The ECB may extend the QE beyond Sep 2016 and choose to...
FxWirePro: EUR/AUD edges higher in Asia, but unable to hold gains, all eyes on ECB
Dec 03, 2015 05:47 am UTC| Technicals
EUR/AUD was up +25pts in Asia on AUD led weakness after Australias trade deficit widened to A$3.3 billion, compared to forecasts of A$2.6 billion. The pair could not hold on to gains, has slipped lower and is...
FxWirePro: Kiwi devoid of fresh leads, cloud-top capping gains in NZD/USD, good to short rallies
Dec 03, 2015 05:16 am UTC| Technicals
Kiwi reversed a part of yesterdays losses and ticks higher in Asia, completely ignoring the weakness in the Asian stocks NZD/USD edged down to 0.6628 on Thursday, after rising as high as 0.6680 the previous day, as...
GBP/JPY breaks major trend line support 184.40, targets 182.80
Dec 03, 2015 05:12 am UTC| Technicals
Major support -184.40 (trend line joining 180.66 and 184.25) The pair has broken major support 184.40 and closed below that level yesterday. It is currently trading around 184.06. Short term trend is weak as long as...
FxWirePro: AUD/USD rally may be stalling, good to go short on upticks
Dec 03, 2015 03:57 am UTC| Technicals
The Antipodeans came off multi-week peaks on Thursday after hawkish Yellen comments underlined the case for an interest rate hike this month and dented appetite for risk assets. Also undermining the Aussie was data...