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Major European Indices technicals

Jan 06, 2016 09:03 am UTC| Technicals

DAX: DAX retreated after making a high of 10362 yesterday . Overall trend is still weak as long as resistance 10575 holds. Any break above 10575 will take the pair to next level 10700/ minor resistance is around...

Short term outlook on GOLD

Jan 06, 2016 08:56 am UTC| Technicals

Support 1: $1078 Support 2: $1072 Support 3: $1066 Current Rate - $1085 Resistance 1- $1087 Resistance 2- $1092 Resistance 3- $1102 Commentary: Golds major support falls at 1072 and daily close...

FxWirePro: EUR/GBP breaks below channel base, further downside likely on decisive close below

Jan 06, 2016 08:54 am UTC| Technicals

EUR/GBP broke below 0.7330 support in Tuesdays trade and closed at 0.7322, but has since bounced off from lows. The pair is attempting a recovery onto the channel base at 0.7338 on the day, but was relected at highs...

FxWirePro: USD/JPY likely to break supports at 118.854 - drifting sideways to bearish trend

Jan 06, 2016 08:31 am UTC| Technicals

The pair has broken a strong support at 118.854 but the break below is keenly watched on closing basis, as it would build new bearish environment. On a long-term perspective, the non-directional trend is now slightly...

EUR/JPY hits half yearly low at 127.518

Jan 06, 2016 07:54 am UTC| Technicals

Major support - 128 (200 day W MA) Major resistance -129.35 EUR/JPY hits fresh 9 month low on account of global equities sell -off pair has broken major support 128 and declined till 127.31. It is currently trading at...

AUD/CHF breaks minor trend line support, decline till 0.7050 is possible

Jan 06, 2016 07:51 am UTC| Technicals

Major support - 0.7175 (trend line joining 0.7057 and 0.7159) Major resistance -0.7250 (200 day 4 HMA) The pair has broken major trend line support 0.7175 and decline till 0.7160. It is currently trading around...

FxWirePro: Strong support for USD/JPY at 118.30, weakness only on breaks below

Jan 06, 2016 06:51 am UTC| Technicals

USD/JPY extends its losing streak for the fourth straight session, risk-off intensifies after Yuan devaluation, supporting Yen higher. The pair hit fresh multi-month lows at 118.35 before attempting a minor recovery...

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