
Feb 29, 2016 06:30 am UTC| Technicals
CADJPY is downswings are momentary and if bears extends dips it is likely to test support at 83.130 levels to bounce back again. The pair has been puzzling when we consider the intermediate trend of this pair, but...

FxWirePro: EUR/JPY recovery capped at 125 levels, pair slips below 5-DMA, good to short rallies
Feb 29, 2016 06:19 am UTC| Technicals
EUR/JPY recovery from multi-year lows at 122.45 (last seen in Apr 2013) was capped at 125 on Fridays trade. The pair has slipped 5-DMA at 123.90, and finds next strong support at 123.20 (wedge base). Doji...

FxWirePro: AUD/JPY slips below 0.81 handle, fresh selling in Nikkei keeps JPY supported
Feb 29, 2016 05:54 am UTC| Technicals
Downside in AUD/JPY accelerating, pair slips below 81.00 handle, currently trading around session lows at 80.70 levels. The pair sees strong resistance at 82.0 levels, multiple rejections seen at that...

A big day for Indian rupee ahead of Union budget
Feb 29, 2016 05:25 am UTC| Technicals
Pair is currently trading at 68.62 levels. It made intraday high at 68.74 and low at 68.58 levels. A daily close above 68.82 will turn the bias bullish and drag the parity towards multiyear low above 69.22...

BTC/USD breaks major resistance at $425, jump till $465 is possible
Feb 29, 2016 05:23 am UTC| Technicals Digital Currency
Major resistance - $425 BTC/USD has broken major resistance around $425 and jumped till $435. It trading around $432.98. Short term trend is still bullish as long as support $400 holds. Any break below $400...

FxWirePro: AUD/USD takes cloud top support at 0.7106, weakness only on breaks below
Feb 29, 2016 05:15 am UTC| Technicals
Aussie largely ignores persisting risk-averse market conditions and stages a minor-recovery ahead of the European session. Weak Australian economy data also failed to dent the sentiment around the Aussie, data showed...

FxWirePro: Option straddle to serve best for USD/INR risks ahead of union budget day
Feb 29, 2016 05:08 am UTC| Technicals
Its a big day for INR today, after consistent loses against dollar,Mondaymorning has nothing positive to offer given the subdued global sentiment. Yes, all eyes will be on the Union Budget which Finance Minister Arun...