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Japanese Yen fails to sustain above 114, likely to consolidate below 114.87 levels

Feb 29, 2016 04:58 am UTC| Technicals

Pair is currently trading at 113.26 levels. It made intraday high at 113.98 and low at 113.23 levels. Intraday bias remains bearish for the moment. A daily close above 114.87 is required to turn the bias...

FxWirePro: Huge gap down open in NZD/USD, downside vulnerable

Feb 29, 2016 04:39 am UTC| Technicals

NZD/USD saw a huge bearish gap down open (almost 40-pips) in Asian trade today, sharp decline in the Chinese stocks weighed on the sentiment. The pair faded minor-recovery attempts, currently trading in the red with...

ASX200 faces strong resistance around 4930, break above targets 5035

Feb 29, 2016 04:08 am UTC| Technicals

Major resistance -4930 Major support -4860 ASX200 has made a high of 4927 at the time of writing and declined from that level. It is currently trading around 4900. Short term trend is still weak as long as...

XAU/USD intraday outlook

Feb 29, 2016 03:56 am UTC| Technicals

Pair is currently trading at $1223 levels. It made intraday high at $1226 levels and low at $1215 levels. Intraday bias remains neutral till the time pair holds key resistance at $1228 levels. A daily close...

FxWirePro: Nikkei faces strong resistance at 16575, good to buy at dips

Feb 29, 2016 03:15 am UTC| Technicals

Minor resistance - 16400 Major resistance - 16575 (200 day 4 HMA) Major support -15600 The index has broken major resistance 16350 and jumped till 16525. It is currently trading around 16348. It is...

USD/CHF faces strong resistance around 1.000, break above targets 1.01250

Feb 29, 2016 02:55 am UTC| Technicals

Major resistance - 1.0000 Major support - 0.9900 The pair has made a high of 0.99886 and slightly declined from that level. It is currently trading 0.99725. Short term trend is slightly bullish as long as support...

FxWirePro: GBP/USD outlook weaker on renewed downside pressure

Feb 26, 2016 14:57 pm UTC| Technicals

GBP/USD pair slipped back towards 7-years low as fresh sell off resumed on Friday. Sterling lost ground against US dollar after data showed US economy grew at faster rate than expected in Q4. Currently the pair is...

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