
FxWirePro: GBP/USD upside capped at 200 day MA, good to sell on rallies
May 30, 2016 10:30 am UTC| Technicals
Major resistance -1.4770 (200 day MA) Cables upside momentum from 1.44450 has been capped at 1.47395 (May 26th high).GBP/USD has been struggling to break May months high 1.47696 and also 200 day MA. Any further...

ETH/USD faces strong support at $10, good to buy at dips
May 30, 2016 09:35 am UTC| Technicals
Major support - $10.02 (61.8% retracement $14.85 and $7) The pair has taken support near $10 and started to slightly recover from that level. It is currently trading around $12.39. ETH/USD minor resistance is...

FxWirePro: EUR/AUD holds 21-DMA support at 1.5456, weakness only on break below
May 30, 2016 09:03 am UTC| Technicals
EUR/AUD remains capped below major trendline resistance (currently at 1.56). Pair sliding down along trendline resistance, currently holds above 21-DMA support at 1.5456. Breaks below will find next support at...

May 30, 2016 09:03 am UTC| Technicals
Current price behaviour is holding stronger as per 7DMA, breaks below to evidence bearish rout, otherwise expect upswings to extend RSI Stoch are indicative of further dips, DMAs to substantiate. Day highs were not...

FxWirePro: Swedish krona gains against euro despite lower than expected GDP data
May 30, 2016 08:09 am UTC| Technicals
EUR/SEK is currently trading around 9.2615 levels. It made intraday high at 9.2852 and low at 9.2574 levels. Intraday bias remains neutral till the time pair holds key support at 9.2488 marks. A current...

CAD/JPY faces strong resistance at 85.50, break above targets 86.25/87.30
May 30, 2016 07:49 am UTC| Technicals
Major resistance- 85.50 (100 day EMA) Major Support 83.60 CAD/JPY has recovered after making a low of 83.89 yesterday. The pair opened around 84.74 today morning and slightly jumped till 85.19. It is currently...

FxWirePro: EUR/JPY extends gains above 123 handle, focus now on German CPI data
May 30, 2016 07:24 am UTC| Technicals
EUR/JPY hits fresh daily highs at 123.77 as offered tone around the Yen increasing on renewed talks of a delay in the implementation of the sales tax hike by the Japanese government. The pair has broken 10-DMA at...