GBP/USD making way for 100DMA test

Feb 26, 2015 08:42 am UTC| Technicals

Cable madenew 8week peak of 1.5554 in Asia after vaulting 1.5538 (Weds top) Risk of earlier than likely BoErate hike = key source of support for GBP 100DMAat 1.5568, with 1.5588 1.5621 amongresistance...

CMC Markets EUR/USD Outlook

Feb 26, 2015 08:36 am UTC| Technicals

The euro broad range remains intact and continues to find support above $1.1270, with the larger key support at the $1.1205 level. Resistance remains near the $1.1450 level, with resistance behind that at...

EUR/GBP reaches new lows, long-term fibo target

Feb 26, 2015 06:47 am UTC| Technicals

Cross moves closer to 0.7300, new trend lows at 0.7309 Scope to the 61.8% of the life low/life high ( 0.5681 - 0.9805) at 0.7256 Short target is ahead at 0.7260 Stops lowered with the downticking 10...

USD/THB crashes, stops hit

Feb 26, 2015 06:36 am UTC| Technicals

USD/THB falls through 32.50, 32.47 supports Stops hit, lack of agents sent pair rolling to 32.37 low Next halt seen at 32.33, before 32.23 21 Oct 2014 low USD/THB last 32.36-38, traded 32.37-55 range...

Nikkei gains support USD/JPY but still heavy on 119

Feb 26, 2015 06:35 am UTC| Technicals

Nikkei 18,785.79 close, +200.59 pts, +1.08%, fresh 15-year high. Japanese exporter sales ahead of month-end, option-related sales on 119. Large vanilla option expirations at 119.50 (USD711 mln), 120.00...

GBP/USD close above fibo denoted further gains

Feb 26, 2015 06:33 am UTC| Technicals

Break and close of solid resistance for cable at 1.5481 Monday signals further gains 1.5481 = 23.6% retrace of the 1.7192 to 1.4952 July to January fall Positive potential seen to the next fibo of the same...

USD/SGD firms by weak manufacturing output

Feb 26, 2015 05:51 am UTC| Technicals

USD/SGD remains firm into European dealings Lower than expected manufacturing output further weigh on SGD sentiment Jan mfg output +0.9%y/y vs exp 3.7% prev; -4.7%m/m vs -2.4% last USD/SGD last ind at ...