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FxWirePro: Don't get puzzled with GBP/AUD's abrupt gains, likely to test channel support but long term downtrend seems intact

Feb 18, 2016 11:49 am UTC| Technicals

After the ruthless slumps form the peaks of 2.2372, the pair has broken a support at 2.0152, it is on the verge of next medium term support at 1.9747 and at 1.9313 levels which 38.2% retracements during Q2 as sterling...

USD/CHF technical outlook

Feb 18, 2016 11:43 am UTC| Technicals

Pair surpasses the 0.99 marks and currently trading at 0.9940levels. It made intraday high at 0.9942 and low at 0.9904 levels. Intraday bias remains bearish below the 1.0073 levels. 10, 25 and 50D EMA heads...

GBP/CAD Trade Idea

Feb 18, 2016 11:34 am UTC| Technicals

Major resistance - 1.9640 (3 day EMA) GBP/CAD has broken major support 1.9720 and declined till 1.95031. It is currently trading around 1.9536. Short term trend is bearish as long as resistance 1.9640 holds. Any break...

FTSE100 faces strong resistance at 6055, decline till 5880 is possible

Feb 18, 2016 11:32 am UTC| Technicals

Major resistance -6055 (trend line joining 6322 and 6129) Major support - 5880 The index has broken minor resistance 6000 and jumped till 6054. It is currently trading around 5986. Short term trend is...

USD/IDR rejects 13500 mark despite rate cut by BI

Feb 18, 2016 10:48 am UTC| Technicals

Pair is well supported below 13500 levels and currently trading around 13445 levels. It made intraday high at 13505 and low at 13430 levels. In line with the expectations, BI cut its benchmark interest rate by...

Mexican Peso erases its gains, likely to consolidate below 18.35

Feb 18, 2016 09:40 am UTC| Technicals

Mexican Peso erased its previous gain against US dollar and supported around 18.23 levels. Yesterday within a minute, Mexican Peso appreciated sharply around 544.7 pips against US dollar. The sudden move came just...

FxWirePro: GBP/NZD edges higher from half-yearly lows at 2.1446, further weakness on charts

Feb 18, 2016 08:39 am UTC| Technicals

GBP/NZD extends declines below the cloud, hits half-yearly lows at 2.1446 before edging higher to trade at 2.1537. The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from...

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