
Aug 29, 2016 13:08 pm UTC| Technicals
Dear readers, the moment when the pair has broken the baseline of rising channel, it has travelled equidistance southwards (about 2.14%). USDCAD clears 1.2950 resistances with thebreak to two-week highs. Watch out...

GBP/USD trades below 10-day MA, decline till 1.3000/1.2950 likely
Aug 29, 2016 12:53 pm UTC| Technicals
Major support 1.3108 (10-day MA). Major resistance- 1.3270. The pair has broken 10-day MA and declined till 1.30691 at the time of writing. It is currently trading around 1.3075. Cable formed a temporary...

Aug 29, 2016 11:47 am UTC| Technicals
Major resistance- 1.3020 (200- 4H MA). Major support -1.2927 (daily Kijun-Sen). Loonie spiked sharply from the low of 1.28300 made on Friday. It is currently trading around 1.30082. The pair jumped after Fed...

EUR/USD trades well below 1.1200, decline till 1.110 likely
Aug 29, 2016 11:09 am UTC| Technicals
Major resistance- 1.1370. Major support 1.1180 (55- day EMA). The pair has declined drastically on Friday after Fed chairman Janet Yellen said that there is a possibility of a rate hike in 2016. EUR/USD...

USD/CAD faces strong resistance at 200-4H MA, break above targets 1.3150
Aug 29, 2016 09:55 am UTC| Technicals
Major resistance- 1.3020 (200- 4H MA). Major support -1.2927 (daily Kijun-Sen) Loonie spiked sharply from the low of 1.28300 made on Friday. It is currently trading around 1.30082. The pair jumped after Fed...

FxWirePro: FTSE100 faces strong resistance at 200- HMA, good to sell on rallies
Aug 29, 2016 09:17 am UTC| Technicals
Major resistance 6865 (200 day MA). Major support 6800 The index has recovered after making a low of 6777 yesterday. It is currently trading around 6798. FTSE100 is facing strong resistance at 6865 (200...

FxWirePro: EUR/CAD rejected by stiff trendline resistance at 1.4578, slips below 20-day MA
Aug 29, 2016 08:25 am UTC| Technicals
Recovery attempts in EUR/CAD were rejected by stiff trendline resistance at 1.4578. The pair has slipped below 20-DMA at 1.4552, but downside finds strong support at 1.45 (50-DMA). Momentum studies are neutral,...