Bulls were facing a sad scenario yesterday as the selling pressures continued through the gap closure. The price stalled lower at the support level of 11 985. In the end, bears broke out that zone and Dax closed on its intra-day low at 11 965.
Resistance: 12 063
Support: 11 861, 11 922
Statistics for today
Detailed statistics in the Statistical...
EURUSD on the path to re-test of 1.12. The newfound resistance range of 1.1310-1.1325 will likely be scaled in a convincing manner if the PMI's jump above 50.00, signaling a rebound in the factory activity. EURUSD Sell level 1.1320/50 Area first target 1.1260/1.1215 and finally 1.1180 area.
Other side of EURUSD breakout and stable 1.1400 Area first target...
USDCAD 1.3400 acts as nearby resistance, a descending trend-line from March-high, at 1.3440, could challenge buyers afterward. In a case prices rally beyond 1.3440, next target 1.3510 and 1.3600 .
Downside is 1.3315 and 1.3250 may entertain short-term sellers prior to challenging them with an upward sloping support-line at 1.3220 and 200-day SMA level of 1.3200...
USDCHF moves towards major resistance residing at 1.0127 area. Resistance stands at the 1.0127 level. A break of there will clear the way for a run at the 1.0150 level.
On the downside, support Area is 0.9980 and then 0.9900 level Further down, support 0.9850 level. USDCHF moves towards major resistance on further bull pressure.
USDJPY 112.20 Area is Strong Resistance, not break this level then Sell USDJPY 112.20 used Sl 112.50 Take profit 110.95 and 110.00 Area.
Other side of Breakout 112.20 area Buy USDJPY Target 114.00 and 114.80 Area .
GBPJPY, Commercials and large speculators closing their positions in gbp both long and short, mean commercials and large speculators profit taking from both sides. long% decreased 2% while short% increased 2%. in jpy commercials and larges speculators doing same behaviour like gbp i.e profit taking. suspect one more spike upside to catch stop losses of weak holders.