GBP/USD eyes support at 1.5480 after half-cent retreat
Feb 25, 2015 13:15 pm UTC| Technicals
Cable eyes support at 1.54809 (former resistance level) after retreating from 1.5538 1.5538 = London am 8wk high. 1.5448-1.5479 = Asia range Early European trade saw stops tripped above...
GBP/USD pulled down by Middle Eastern account selling
Feb 25, 2015 10:41 am UTC| Technicals
Selling from Middle Eastern accountsinfluences35 pipretreat from 1.5538 Sub-1.55 bids likely to be near 1.5480 (last weeks high) Stops above 1.5480 1.55 were tripped in early European...
AUD/USD shorts squeezed, focuses on Australian property
Feb 25, 2015 10:27 am UTC| Technicals
Real money selling of AUD/USD near 0.79 after squeeze on shorts Lots of funds stopped out of shortsfollowing Asia break through 0.7850 Interest rate futures implyaround 40%chance of RBArate cut next...
USD/CAD bias remains on upside
Feb 25, 2015 10:20 am UTC| Technicals
Traders are long at 1.2518 for 1.2650 while their stop is 1.2415 Tenkan kijun lines are aligned positively, reinforcing upside potential Medium-term picture is bullish as 1.2286 intact 1.2286 - 23.6%...
EUR/GBP bias stays on the downside
Feb 25, 2015 10:00 am UTC| Technicals
10 30-dmas are aligned negatively, reinforcing the overall bearish bias Market hits new multi-year lows Crosss scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders remain short at...
GBP/USD moving up towards 100DMA
Feb 25, 2015 09:43 am UTC| Technicals
Real money demand for GBP flagged as factor in pair rise to 1.5538 1.5538 = highest level for cable since Jan 2 Risk of sooner than expected BoErate hike = key source of support for GBP 1.5574 (100DMA) ...
EUR/JPY looks to fade recovery moves
Feb 25, 2015 09:34 am UTC| Technicals
Long tail on Fridays candlestick line is a drawback for bears Failure to perform a daily close sub 134.20 hurts bears 134.20 = 38.2% of the 130.16 to 136.70 up-leg Market require a daily close sub...