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EUR/USD trade idea

Feb 17, 2016 11:38 am UTC| Technicals

Harmonic Pattern - Bullish Shark pattern Potential Reversal Zone (PRZ) 1 -1.1115 (88.6% retracement) Potential Reversal Zone (PRZ) 2- 1.1050 (1.13% retracement) The pair has made a low of 1.1118 yesterday...

GBP/NZD consolidates below 2.19 marks, intraday bias remains neutral

Feb 17, 2016 11:16 am UTC| Technicals

Pair is currently trading at 2.1732 levels. It made intraday high at 2.1808 and low at 2.1635 levels. Since the beginning of the year, pair is consolidating in between 2.23 to 2.15 marks. Intraday bias remains...

US Oil breaks minor trend line resistance $29.10, targets 31.40

Feb 17, 2016 10:00 am UTC| Technicals

Minor resistance - $29.10 Minor support - $28.70 US Oil has broken minor trend line resistance $29.10 and jumped till $29.38. it is currently trading around $29.31. Intraday trend is slightly bullish as long as support...

Renminbi Series

USD/CNY technical outlook

Feb 17, 2016 09:42 am UTC| Technicals

Last week Yuan hit strongest level in 2016 at 6.4910 levels. Yuan erased its previous gain and supported around 6.5238 levels. It made intraday high at 6.5268 and low at 6.5130 levels. In addition, PBoC set...

DXY slides below 97 ahead of FOMC minutes, U.S. housing starts and building permits likely to soften

Feb 17, 2016 09:30 am UTC| Technicals

The dollar weakened against the yen Tuesday as oil prices resumed their slide despite an agreement by several major oil producers to freeze production. The ICE U.S. Dollar indexDXY at 96.78 (-0.06%) a measure of the...

FxWirePro: AUD/JPY seems weaker after break below support at 81.300, likely drag upto 79.645

Feb 17, 2016 09:08 am UTC| Technicals

After the breach of support 81.300, we think the pair has gone more fragile to evidence more dips upto next strong supports at around 79.645 and may even retest all time lows again. On intraday terms also it has just...

DAX 30 faces strong resistance around 9270, further bullishness only above that level.

Feb 17, 2016 09:07 am UTC| Technicals

Major resistance - 9270 (trend line joining 10876 and 9926) Major support - 9035 (20 day 4H MA) The index has retreated after making a high of 9270. It is currently trading around 9150. Any break above 9270 confirms...

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