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GBP/USD may see stops above 1.54

Mar 04, 2015 09:05 am UTC| Technicals

Pair stops tipped above 1.54 (1.5397 = Tuesday high) 1.5418/21 resistance beyond figure. 1.5418 = 10DMA 1.5421 = Mondays post-UKmfg PMI hit high UK service sector PMI...

EUR/JPY forms base

Mar 04, 2015 08:59 am UTC| Technicals

Traders are long at 133.60 for gains to 135.00 50% retrace of the 130.16 to 136.70 up-leg, 133.43, strengthens in short-term Tenkan kijun lines are aligned positively, upside potential positive A daily...

USD/CAD looks to find value on dips

Mar 04, 2015 08:55 am UTC| Technicals

Pair seeks long at 1.2405 for expectation of an extension through 1.2600 Support has formed between 1.2353/1.2388; Feb 3/26 lows A daily close below 1.2286 - 23.6% 1.0620 to 1.2800...

USD/JPY sees scope for beyond 121.00

Mar 04, 2015 07:51 am UTC| Technicals

Traders remain long at 119.65 for gains to 121.00 beyond Tenkan kijun lines are aligned positively, showing the upside potential Continued trading above the daily cloud is a bullish sign A break daily...

USD/CHF - 21 DMA Bollinger guides spot higher

Mar 04, 2015 07:47 am UTC| Technicals

Upper 21 DMA Bollinger guiding the pace of rise (0.9663 last) Slightly new trend highs set at 0.96315 in early Europe from 0.9625 Tuesday Long after break of key resistance at 0.9545-54 Target is at...

GBP/USD target 38.2% retrace at 1.5342 next

Mar 04, 2015 07:44 am UTC| Technicals

Pair continues to target 1.5324 fibo retrace (38.2% of 1.4952 - 1.5554) Scope to 61.8% retrace at 1.5182 below Close inside Ichimoku cloud Monday improved confidence in bears Prices have moved below the ...

EUR/USD offer lowered, looks at 1.1100

Mar 04, 2015 07:37 am UTC| Technicals

Rallies capped and prices return towards 1.1155 Tues low 11 year low at 1.1098 is near and bounce to this region is favored Bearish sentiment while below the 10/21 DMA s at 1.1271 and 1.1323 Offer at...

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