EUR/GBP - Slow stochastic generates sell signal

Mar 19, 2015 09:20 am UTC| Technicals

Sell signal shown by negative cross on slow stochs by OB levels Offer seen at 0.7280, ahead of overnight 0.7289 high Once the pullbacks breaks below yesterdays 0.7171 low, look for downward move...

EUR/CHF shorts still active, 1.0518 next

Mar 19, 2015 09:14 am UTC| Technicals

Short trade endured the climb to 1.0700 in early Europe Now moving towards the 1.0518 low from Mar 13 Once prices close below this level, lower the stop to start booking profits Target at 1.0420 is by the...

EUR/USD sees support at 1.0600 levels

Mar 19, 2015 08:54 am UTC| Technicals

Intraday supports yield, pair targets 1.0600 handle 1.06 is 100 HMA, 76.4%fibo (1.0457/1.1062) and top of hourly cloud A break below could push it to 1.0457 12 year low from last week Current low at...

EUR/CHF falls as SNB keeps rates on hold

Mar 19, 2015 08:47 am UTC| Technicals

SNB leaves target rate for libor unchanged at -0.25% CHF still overvalued, should continue easing Pair falls to 1.0555 last from 1.0625 into the release Pair sees support at 1.0518, ...

GBP/USD retracement targets 1.4758 fibo next

Mar 19, 2015 08:40 am UTC| Technicals

Cable retraced 61.8%+ of the rally to 1.5155 from 1.4635 yesterday Possibility seen to the 76.4% fibo at 1.4758 100 HMA lends support ahead at 1.4789 As underlying trend stays with the bears, look to...

EUR/USD remains bearish

Mar 19, 2015 08:27 am UTC| Technicals

Pairs pullback off high extends past 1.0683, 61.8% 1.0457-1.1062 rally Although consolidation seems likely, trend stays with the bears Fall from highs will deepen bearish expectation 200-HMA 1.0647. Mar...

USD/JPY bulls regaining strength

Mar 19, 2015 08:22 am UTC| Technicals

Longs suffered post FOMC with slide to 119.29 in NY Expiry of 121.00 strike on Fri at the NY cut worth 3.6bn Drop led to a shake out of longs; enables healthy rebuilding by bulls Subsequent gains and...