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EUR/USD consolidates between 1.120 and 1.1330, good to sell on rallies

Jun 16, 2015 10:51 am UTC| Technicals

RES 4 :1.4656 (May 15th high) RES 3:1.13855 (Jun 10th high) RES 2: 1.13301 (Jun 11th high) RES 1: 1.1290 (Jun 12th high) PRICE: 1.12575 @ 10:32 GMT SUP 1: 1.1245 (200 day HMA) SUP 2: 1.1178 (Jun...

USD/JPY faces strong resistance around 124.15, trend reversal only above that level.

Jun 16, 2015 09:38 am UTC| Technicals

RES 4: 125.84 (Jun 5th high) RES 4:125 RES 3 : 124.60 (Jun 10th high) RES2: 124 (200 day HMA) PRICE: 123.53 @ 09:28 GMT SUP 1 : 123.46 (20 day HMA) SUP 2: 123.10 (Jun 14th low) SUP 1 : 122.70...

GBP/USD may reach to 1.5689 levels

Jun 16, 2015 06:30 am UTC| Technicals

Short stopped in NY. 1.5615 highs tested thus far Traders Re enter at 1.5685 by upper 21 DMA Bollinger 1.5679/May 22 1.5689 high Day studies are overbought but require a break back below the 200 DMA at ...

AUD/USD range bound in quiet trading

Jun 16, 2015 06:20 am UTC| Technicals

Pair heading towards European session with a flexible tone Sluggish session apart from liquidity void immediately after RBA minutes AUD/NZD reclaims levels 1.1100 level with no real resistance till...

USD/JPY struggles to break major resistance 124.15,decline till 122.45 is possible

Jun 16, 2015 05:20 am UTC| Technicals

USD/JPY has made a high of 123.78 after breaking short term trend line resistance 123.40. Short term trend is weak as long as resistance 124.15 holds. Break above 124.15 will take the pair further up till 125.85 in short...

AUD/NZD targeting 1.13 levels

Jun 16, 2015 03:49 am UTC| Technicals

Pair elevated last around 1.1100 and up 3.2% since RBNZ rate cut Move above 1.1000 last week targets full Fibonacci retracement around 1.1305 Buyers now reportedly set around 1.1000, coincides with...

EUR/NZD technical bias suggests up trend

Jun 16, 2015 03:26 am UTC| Technicals

Pair maintains elevated stance above 1.61 as strong uptrend continues NZD recovery not expected any time soon after RBNZ cut rates last week Pair broke above 61.8 Fibonacci 1.5967 Thursday...

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