
Nov 27, 2015 07:19 am UTC| Technicals
We think that the RBA board will take a break, albeit a much longer one than the FOMC. The next meeting after the RBAs meeting next week will not take place until February. The capex (private investment) for Q3...

FxWirePro: Go long EUR/GBP on breaks above 0.7040, target 0.71
Nov 27, 2015 06:57 am UTC| Technicals
EUR/GBP is currently testing strong resistance at 0.7040 levels, breaks above cloud take the pair to 0.7079 levels. The pair has retreated from double top at 0.7079 (Nov 24, 25) and 21 DMA at 0.7065 continues to...

Dow Jones breaks minor trend line support, targets 17650
Nov 27, 2015 06:41 am UTC| Technicals
Major intraday support - 17845 (trend line joining 17775 and 17799) The index has broken intraday support of 17845 and is currently trading around 17816. Intraday trend is slightly weak a decline till 17760/17650 is...

FxWirePro: Best entry levels luring AUD/NZD bears after baseline breach of descending triangle
Nov 27, 2015 06:28 am UTC| Technicals
Well, after achieving our previous targets at 1.1017 we are now back into bearish business. On daily chart, despite forming a shooting star pattern on rallies, bulls have been disregarding and managed to breach the...

Nikkei 225 faces strong support at 19800, break below targets 19500/19250
Nov 27, 2015 06:08 am UTC| Technicals
Major support - 19800 (Trend line joining 19650 and 19757) The index is trading in narrow range between 20000 and 19750 for the past three trading session Any break below 19800 will drag the pair down till 19507 (61.8%...

GBP/JPY struggles to close above 200 day 4HMA, decline till 184.30 is possible
Nov 27, 2015 06:03 am UTC| Technicals
Minor intraday support -184.97 Any break below 184.97 will drag the pair slightly down till 184.60/184.30. Overall trend reversal level 184.30 and below that it can reach till 183.80/183.40. On the higher...

FxWirePro: USD/JPY upside capped at 122.73, good to sell rallies
Nov 27, 2015 05:40 am UTC| Technicals
USD/JPY edged slightly higher on the back of the mixed Japanese, but traders may be reluctant to create large positions into the closing day in liquidity thinned markets Todays data calls for more easing from BoJ....