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ASX200 trades well above 5100, jump till 5230 is possible

Mar 07, 2016 03:31 am UTC| Technicals

Major support - 5075 (resistance turned into support) ASX200 breaks major resistance 5100 and jumped till 5155. It is currently trading around 5135. On the higher side major resistance is around 5160 and any break above...

Nikkei faces minor resistance around 17200, good to buy at dips

Mar 07, 2016 03:08 am UTC| Technicals

Major support -16500 ( 7 day EMA) The index has broken major resistance 17035 and jumped till is currently trading around 16908. The index is facing minor resistance around 17200 and any break above targets...

FxWirePro: USD/JPY regains upwards momentum, eyes 114.80 levels

Mar 04, 2016 16:15 pm UTC| Technicals

The USD/JPY pair slipped towards 113.14 levels after the release of US employment data, however the pair pulled back some losses after the market stabilized from the impact of the news. Currently the pair is trading...

FxWirePro: EUR/USD key support at 1.0960, buy deal are recommended around 1.0980

Mar 04, 2016 15:08 pm UTC| Technicals

The pair has found renewed bullish momentum after breaking strong resistance at 1.0960 and is moving upwards to test next resistance level at 1.1040. The pair is trading around 1.1025 levels and it is expected...

FxWirePro: EUR/JPY recovery capped at 125 levels, further upside only on breaks above

Mar 04, 2016 12:54 pm UTC| Technicals

EUR/JPY edged higher from session lows at 123.93, recovery in the pair was capped at 125.06. ECB policy meeting on 10th March is a major risk event for the pair. Growth and inflation expectations have deteriorated...

FX Hedging Strategy Series

FxWirePro: Canadian trade deficit likely to expand - AUD/CAD option straps for both hedging and speculation

Mar 04, 2016 12:40 pm UTC| Technicals

Ahead of todays announcement of Canadian trade balance report, CAD dollar exchange rate has been bullish especially against currency peers such as the AUD, EUR and USD. Canada recorded a trade deficit of 584.90 CAD Million...

GBP/JPY breaks major trend line resistance, targets 163.95

Mar 04, 2016 12:32 pm UTC| Technicals

Major resistance - 160.65 (trend line joining 167.63 and 166.08) Major support - 160 The pair has recovered after making a low of 160. It is currently trading at 161.11. On the higher side any break above 160.65 will...

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Economy

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Technology

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