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GBP/JPY Trade idea

Aug 30, 2016 12:13 pm UTC| Technicals

Major resistance- 134.43 (7- W EMA). Major support 132.65 (3 W EMA). The pair jumped till 7 W EMA and declined from that level. It is currently trading around 133.59. Minor trend is weak as long as...

FxWirePro: USD/TWD longs encouraged by fundamentals but technicals still dubious for sharp recoveries

Aug 30, 2016 11:21 am UTC| Insights & Views Technicals Central Banks

Longs USDTWD on its attractive carry are encouraged as the China exposure sentiment toward EM currencies could be in the process of shifting and we prefer to focus on regional low yielders in expressing a bullish dollar...

U.S Natural Gas faces major resistance at $3, break above confirms major trend reversal

Aug 30, 2016 10:53 am UTC| Technicals

Natural gas recovered sharply in this month from the low of $2.5190 and jumped till $2.926. The commodity has made a fresh one-month high due to less than expected rise in natural gas inventories and hot...

FxWirePro: DAX30 Weekly Outlook

Aug 30, 2016 10:50 am UTC| Technicals

Major Resistance- 10750 (trend line joining 11926 and 11432). Major support 10315 (9-W EMA). The index has once again taken support near 9- W EMA and slightly jumped from that level. It is currently trading...

FxWirePro: USD/TRY almost flat around 2.95 mark, sustained break above 2.9605 targets 2.9977

Aug 30, 2016 08:20 am UTC| Technicals

USD/TRY is currently trading at 2.9561 levels. It made intraday high at 2.9605 and low at 2.9483 levels. Intraday bias remains bullish till the time pair holds key support at 2.9239 marks. A sustained close...

USD/CAD trades well above 200-4H MA, targets 1.3147

Aug 30, 2016 07:37 am UTC| Technicals

Major resistance- 1.3020 (200- 4H MA). Major support -1.3000 (4H Tenken-Sen). Loonie has broken major resistance 1.3020 and jumped till 1.30474 yesterday. It is currently trading around 1.30375. Short term...

FxWirePro: China's yuan stabilises above 6.67 mark, PBOC sets yuan mid-point at 6.6812

Aug 30, 2016 07:18 am UTC| Technicals

USD/CNY is currently trading around 6.6779 marks. It made intraday high at 6.6809 and low at 6.6748 levels. Intraday bias remains bullish till the time pair holds key support at 6.6670 marks. On the top...

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