TipTVFinance

TipTVFinance

Resistance – 162.76, 164.09, 166.08  Support  – 161.62, 160.00, 159.00 Pair, along with EUR/JPY cross, stays bid as anticipated yesterday, but is having a tough time rising through trend line hurdle at 162.76. Repeated failure could trigger a minor bout of weakness that could yield 161.62 (daily low). On the other hand, at least a 15-min...

TipTVFinance

It appears there is little room for Fed to move rates before December. Raising rates a day or two ahead of UK referendum is a risk; hence June rate hike hint may not come through Fed statement today. Nevertheless, if Fed intends to move rates in June, then the telegraphing process has to begin now and thus a hint could be given through April statement. The...

TipTVFinance

Resistance  – 1.4617-1.4639, 1.4669, 1.47  Support  – 1.4578-1.4568, 1.4519, 1.4472  Pair’s rebound from rising channel support ran into resistance at 1.4617 as expected earlier today. The spot is trading around 1.4600. An hourly close above 1.4617 would add credence to the rebound from channel support and open doors for 1.4650 (rising channel...

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Resistance – 1.1342, 1.1360, 1.14 Support – 1.1290, 1.1244, 1.1210-1.12 Euro’s repeated failure to extend gains above 1.13 seen in last few sessions if followed by a break below 1.1290 today would open doors for a slide to 1.1244. A trend line support (on 4-hr) is seen around 1.1210-1.12, where a violation would expose 50-DMA at 1.1190. On the...

TipTVFinance

Resistance – 1.4617-1.4639, 1.4669, 1.47 Support – 1.4578-1.4568, 1.4519, 1.4472 Cable’s sideways action around key support at 1.4578 amid rising channel formation on hourly chart indicates room for another attempt at 1.4617-1.4638. A rebound from rising channel support could trigger a quick fire rise to 1.4617-1.4638 levels. Conversely, a...

TipTVFinance

Resistance – 1263, 1270, 1283 Support – 1238, 1227, 1220 We were expecting prices to drift lower to H&S neckline, however, weaker rebound in US durable goods orders triggered wave of USD selling. Consequently, metal jumped above 50-DMA. On intraday basis – repeated failure to dip below $1227 (23.6% of Dec low-Mar high) followed by a recovery today...

TipTVFinance

Yen stays on a weak footing against majors except USD, while the greenback is being offered as markets see a very low probability of Fed statement hinting at a rate hike in June. A weaker-than-expected rebound in the US durable goods orders figure released today added to the bearish pressure around USD. Japanese Yen is likely to stay on the back foot and...

TipTVFinance

Resistance – 1.4617, 1.4669, 1.47 Support – 1.4578, 1.4514, 1.4472 Cable made a run at 1.4617 as expected following a break above 1.4578 and is now trading in range of 1.46-1.4610 levels. Pair needs to witness an hourly close above 1.4617, which would add credence to bullish break from rising channel formation. Such a move would expose 1.4669-1.47....

TipTVFinance

Resistance – 111.76, 112.00, 112.84 Support – 110.97, 110.66, 110.00 Pair’s rebound from near 5-DMA support of 110.67 followed by a recovery above Feb low of 110.97 coupled with a daily RSI above 50.00 makes it a ideal candidate for a rally in case US durable goods data beats expectations. In such a case, 50-DMA hurdle at 111.76 could be put to...

TipTVFinance

Resistance – 1.1285, 1.1342, 1.1376 Support – 1.1236, 1.1187, 1.1144 Rejection at 1.13 and a fall back to 1.1275 marks Euro’s failure to sustain above head and shoulder neckline level of 1.1285 ahead of the US durable goods orders release. This makes it more vulnerable to a better-than-expected US durable goods print. Support at 1.126 could be...

TipTVFinance

Resistance – 0.6897, 0.6913, 0.6952 Support - 0.6852, 0.68, 0.6773 Kiwi’s rejection at 5-DMA at 0.6897; also a key resistance (Oct 15 high); coupled with bearish 5-DMA and 10-DMA crossover indicates prices could revisit daily low of 0.6857. A break lower would push RSI below 50.00 on daily and hourly timeframe, thereby opening doors for 0.68 levels. ...

TipTVFinance

Resistance – 161.79, 162.57 Support – 160.88 (hourly 50-MA), 160.00 Pair’s rebound from 160.00 (zero figure + 76.4% of 162.58-151.54 ) followed by a rise above hourly 50-MA today has left the doors wide open for further gains. Nevertheless, strengthening of bullish case would require a move above previous day’s high of 161.79, which could yield...

TipTVFinance

Resistance – 1238, 1263, 1270 Support – 1220, 1200, 1190.85 Gold’s failure to sustain above $1263 levels followed by a repeated failure to see daily closing above 50-DMA indicates prices could be heading towards head and shoulder neckline level of $1220 ahead of Fed rate decision. Rise in treasury yields and a upbeat US durable goods data may add to...

TipTVFinance

Resistance – 1.1285, 1.1342, 1.1376 Support – 1.1236, 1.1187, 1.1144 Euro’s recovery from 1.1215 followed by a sideways action just below head and shoulder neckline indicates the currency pair could revisit 1.1236 (38.2% of 1.0463-1.0517) – 1.12 levels. On the higher side, a break above 1.1285 could yield 1.1310 levels, although a only convincing...

TipTVFinance

Cable is attempting to cut through offers around 1.4533 (50% of 1.5230-1.3535) ahead of the data release in the US, which could show corporate spending as represented by durable goods orders rebounded in March after a 3% drop in February. More than the headline figure, traders would be interested to see how Non defense capital goods excluding aircraft category did...

TipTVFinance

Resistance – 1.4533, 1.4617, 1.4669 Support – 1.4389, 1.4368-1.4350, 1.43 Cable rose to 1.4514 levels after it rose above 1.4572 levels as anticipated earlier today. The loss of momentum at a high of 1.4519 following inverse head and shoulder breakout indicates the currency pair could remain trapped between inverse H&S neckline (seen today at 1.4389)...

TipTVFinance

Resistance – 0.7811, 0.7837, 0.7946 Support – 0.7749, 0.7696, 0.7664 Formation – Rejected at trend line Pair’s closing below rising trend line on Friday, followed by rejection at the same today has increased risk of break below daily low of 0.7749 followed by a possible drop towards 0.7696 (Feb 16 low). Daily RSI, at 36, still shows room for...

TipTVFinance

Resistance – 18,167, 18,250 Support – 18,000, 17, 850 Formation – Rising Channel Bull grip remains intact as long as rising channel is not breached on the downside. Failure on the part of bears on Friday to keep prices below Nov 3 high of 17,977 indicates prices may revisit recent high of 18,167 above which 18,250 stands exposed. Bearish...