
Nikkei faces strong support at 15500, good to buy at dips
Mar 01, 2016 03:05 am UTC| Technicals
Major resistance - 16575 (200 day 4 HMA) Major support -15500 The index has retreated after making a high of 16525. It is currently trading around 15896. It is facing major resistance around 16575 and any break above...
FxWirePro: EUR/USD key resistance at 1.0934, down prevails in the short term
Feb 29, 2016 19:47 pm UTC| Technicals
The EUR/USD has slipped sharply lower on Monday, after Eurozone CPI fell short of expectations in February. The pair hit low at 1.0845 before recovering to trade at 1.0880 levels. The ongoing bearish trend is set to...
FxWirePro: USD/CAD heads southwards as crude oil prices rebound, outlook strongly bearish
Feb 29, 2016 17:45 pm UTC| Technicals
Canadian dollar firmed against US dollar on Monday, after Canadian dollar gathered some momentum after crude oil price rebounded as China eased its policy monetary policy to fuel its growth. The intraday trend...
FxWirePro: USD/JPY runs out of steam but maintains upward bias
Feb 29, 2016 15:43 pm UTC| Technicals
The USD/JPY pair rallied initially to test resistance level at 114.00 in the early European session. However, after failing to break resistance level at 114.05, the pair has slipped back towards 112.55 levels. The...

FxWirePro: GBP/USD hits fresh 7-year lows, subdued by Brexit uncertainty
Feb 29, 2016 15:27 pm UTC| Technicals
GBP/USD slipped to fresh 7 year low on Monday as Sterling was hurt by worries about possible British exit from European Union. The pair made modest gain in early European session hitting as high as 1.3920 but was unable to...

FxWirePro: WTI crude bearish setup at 34.70 - Short WTI crude futures or arbitrage
Feb 29, 2016 12:50 pm UTC| Technicals
Shooting star candle pattern formed at 32.78 after three weeks of uptrend. This bearish pattern is traced out after rejecting resistance at 34.69 levels where it has recently shown a strong demand supply zone(see...

GBP/JPY struggles to break above trend line resistance, targets 155
Feb 29, 2016 12:18 pm UTC| Technicals
Major resistance -158.5 Major support -157.20 GBP/JPY has made a high of 158.54 on Friday and started to retreat from that level. It is currently trading around 157.11. Short term trend is still bearish as long...