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EUR/USD recovering after reaching 2003 low, bounce till 1.07310 expected

Mar 12, 2015 12:25 pm UTC| Technicals

RES 4: 1.1088 (200 day HMA) RES 3: 1.0792 RES 2: 1.0730 (Ichimoku cloud bottom) RES 1: 1.0650 (55 day EMA) PRICE:12 1.0623 @ 12:12 GMT SUP 1: 1.0620 (61.8% Projection of 1.25685 to 1.10960 from 1.15327) SUP 2:...

AUD/USD closes in on 0.7000

Mar 12, 2015 11:14 am UTC| Technicals

Pairs sharp recovery closes in on 0.7000 and leaves short trade off side Day trend indicators bounce from oversold levels More corrective action looks expected Short intact below 0.7850 but above the...

GBP/USD supported by upbeat UK trade data

Mar 12, 2015 09:52 am UTC| Technicals

Cable rises towards 1.50 after better than expected UK trade data UK trade deficit GBP 616mn in Jan from GBP 2.14bn in Dec Jan goods trade deficit GBP 8.41bn vs GBP 9.7bn forecast Stops below 1.50 tripped...

AUD/USD offers of 0.77 mooted, just beyond 38.2% fibo

Mar 12, 2015 09:37 am UTC| Technicals

Shorts squeezed during AUD/USD rise from 0.7573 to 0.7684 0.7573 = Asia low (after 0.7637 Asia high) Offers pushed at 0.77. Large 0.77 optionexpiry today 0.7696 = 38.2% of 0.7914 (Feb 26 high) to...

EUR/USD offer filled on corrective rally

Mar 12, 2015 09:29 am UTC| Technicals

Pairs offer filled at 1.0625 Target the Jan 2003 low at 1.0335 - parity beyond that Long-term fibo (76.4% of 0.8228 - 1.6040) at 1.0072 is a possible objective New lows in Asia at 1.0494 but early...

NZD/USD shorts tightened after RBNZ on hold

Mar 12, 2015 09:17 am UTC| Technicals

0.7408 = six-day high for NZD/USD after more shorts covered Short-covering encouraged by neutral tone from RBNZ NZD/USD retreated to 0.7191 into 2000GMTRBNZ statement 0.7191 was Wednesdays 5week low...

EUR/USD recovery seems capped given QE impact

Mar 12, 2015 09:16 am UTC| Technicals

ECB buys EUR 9.8 billion of assets during first 3 days of QE plan EUR/USD 1.0906-1.0494 in that period EUR 50.2 bln still to buy in March Massive headwinds for EUR even with speculators so short 10...

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