
FxWirePro: EUR/USD runs out of steam, bearish in the short term
Feb 26, 2016 14:27 pm UTC| Technicals
The EUR/USD pair has declined towards lower levels on Friday as the US dollar gained strength across the board after US Q4 GDP data came better than expected. After the data release the pair fell down to hit low at...

Feb 26, 2016 12:44 pm UTC| Technicals
Pair is currently trading at 2.9385 levels. It made intraday high at 2.9390 and low at 2.9221 levels. Short term outlook remains bullish till the time pair holds key support level at 2.9189 levels. In...

Feb 26, 2016 12:34 pm UTC| Technicals
USDBRL showing more upside potential even though it has been losing upswings momentum as the rejection of resistance at 4.0180 levels. But intraday swings show whipsaws on moving average and resistance at 3.9550...

Feb 26, 2016 11:51 am UTC| Technicals
Minor resistance -1.4020 Major resistance -1.4085 The pair has recovered from the low of 1.38780 till 1.40194 time of writing. Short term trend is still weak as long as resistance 1.40850 holds. On the lower side major...

Feb 26, 2016 11:03 am UTC| Technicals
Pair is currently trading at $15.05 levels. It made intraday high at $15.22 and low $14.99 levels. A recent rebound from $15.94 level is likely to hold the currency around $15.00 marks. Alternatively, a...
FxWirePro: KRW rout likely to continue despite trade surplus -hedging perspectives
Feb 26, 2016 10:39 am UTC| Technicals
KRW was the worst performing Asian currency since the start of November, losing 3.9% against the USD. Broadly, the domestic data over this period has been disappointing. South Korea recorded a trade surplus of USD 5.3...

CAD/JPY faces strong resistance around 83.60, break above targets 84.70/85.30
Feb 26, 2016 10:39 am UTC| Technicals
Pattern Formed -Cup and handle Major resistance -83.60 The pair has slightly retreated till 83.13 after making a high 83.595. It is currently trading around 83.52. Short term trend is bullish as long as...