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USD/CAD bias remains on upside

Feb 25, 2015 10:20 am UTC| Technicals

Traders are long at 1.2518 for 1.2650 while their stop is 1.2415 Tenkan kijun lines are aligned positively, reinforcing upside potential Medium-term picture is bullish as 1.2286 intact 1.2286 - 23.6%...

EUR/GBP bias stays on the downside

Feb 25, 2015 10:00 am UTC| Technicals

10 30-dmas are aligned negatively, reinforcing the overall bearish bias Market hits new multi-year lows Crosss scope is on 0.7256 - 61.8% of the 0.5681-0.9805 2000 to 2008 up-leg Traders remain short at...

GBP/USD moving up towards 100DMA

Feb 25, 2015 09:43 am UTC| Technicals

Real money demand for GBP flagged as factor in pair rise to 1.5538 1.5538 = highest level for cable since Jan 2 Risk of sooner than expected BoErate hike = key source of support for GBP 1.5574 (100DMA) ...

EUR/JPY looks to fade recovery moves

Feb 25, 2015 09:34 am UTC| Technicals

Long tail on Fridays candlestick line is a drawback for bears Failure to perform a daily close sub 134.20 hurts bears 134.20 = 38.2% of the 130.16 to 136.70 up-leg Market require a daily close sub...

USD/CAD let down by lower probability of March 4 BoC cut

Feb 25, 2015 09:32 am UTC| Technicals

Shift in sentiment fuelled by less dovish than expected Poloz 1.2442 = low water-mark since Tuesdays pre-Yellen/Poloz high of 1.2662 1.2422 = Feb 20 low, before awful Canadian Dec retail sales...

Good bids seen but USD/JPY shows no signs of rebound

Feb 25, 2015 09:15 am UTC| Technicals

Exporter selling (spot value month-end) outweighs Gotobi demand Very thin daily Ichimoku cloud 117.96-118.06 Thin clouds usually attract Exporter offers seen around 119.00 Trader stops under...

EUR/SEK falls to cloud top after minutes

Feb 25, 2015 09:13 am UTC| Technicals

Firmer SEK after RB minutes Inflation battle to carry forward SEK slightly firmer EUR/SEKcloud top 9.5040, 10DMA 9.5485, capped for...

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