FxWirePro:Gold extends decline below 1215 levels, eyes 1180
May 27, 2016 15:58 pm UTC| Technicals
The yellow metal extended its decline on Friday from previous session, losing more ground from previous days losses to hit fresh 8-week low on growing speculation that the Federal Reserve will press ahead with interest...
FxWirePro: USD/CAD approaches 1.3054 levels, more upside expected
May 27, 2016 14:04 pm UTC| Technicals
Canadian dollar declined against US dollar on Friday, as the pair bounced higher after crude oil prices fell towards $48 per barrel, moving away from seven month high hit a day earlier. The intraday trend remains...
May 27, 2016 11:35 am UTC| Technicals
Major resistance- 162.85 (100 day EMA) Major support- 160.70 (21 day 4H MA) The pair has facing a major resistance around 162.85 and struggling to break above that level. On Wednesday the pair has made a high of...
GBP/NZD faces strong resistance at 2.2000, good to sell on rallies
May 27, 2016 11:27 am UTC| Technicals
Pattern Formed- Shooting star Potential Reversal Zone (PRZ) 2.2000 (26th May High) The pair has broken major resistance 2.1760 yesterday and jumped till 2.2000.GBP/NZD has not able to withstand at higher levels...
May 27, 2016 09:38 am UTC| Technicals
21DMA - 1.9693 7DMA - 2.0146 Spot ref: 2.0919 Bull swings taking support at 50% fibo retracements form bullish candle with big real body on monthly terms, previous intermediate downtrend seems to have reversed but...
FxWirePro: Cable faces strong support at 1.4600, good to buy at dips
May 27, 2016 09:01 am UTC| Technicals
Cable has once again recovered after making a low of 1.46359. Short term trend is still bullish as long as support 1.4600 holds. Minor weakness can be seen only below 1.4600 and any indicative break below 1.4600 will...
FxWirePro: CAD/JPY faces strong resistance at 85.50, good to sell on rallies
May 27, 2016 07:44 am UTC| Technicals
Major resistance- 85.50 (100 day EMA) Major Support 83.60 CAD/JPY has made a high of 85.17 yesterday and started to decline drastically from that level. The pair opened around 84.56 today morning and slightly...
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