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...
FxWirePro: GBP/JPY faces strong resistance at 162.85, good to sell on rallies
May 27, 2016 07:10 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...
FxWirePro: AUD/CAD bounces off major trendline support at 0.9320, stay long
May 27, 2016 06:57 am UTC| Technicals
On the daily charts, AUD/CAD has bounced off major trendline support at 0.9320 and edged higher. The pair hit highs of 0.9400 and has since pared some gains to currently trade around 0.9392 levels. Our previous...
BTC/USD breaks major resistance $470, targets $504/$538
May 27, 2016 06:20 am UTC| Technicals
Major resistance - $470 (26th Apr) Major support -$450 The pair has broken major resistance $470 and jumped till $472 at the time of writing. It is currently trading around $470.99. Short term trend is...
May 27, 2016 06:19 am UTC| Technicals
On daily chart, prices drift in whipsaws pattern at 7DMA and at resistance of 79.547 levels. Considering previous downswings prior to the whipsaws, we may now expect slight upswings as the prices holding stronger at...
FxWirePro: EUR/GBP trades a narrow range into the European open, bias lower
May 27, 2016 06:13 am UTC| Technicals
EUR/GBP trades a narrow 15 pips range ahead of the European session, days high at 0.7636 and lows at 0.7621. The pair has been trading a falling wedge pattern since April 2016. After a brief break below, the pair...
FxWirePro:Gold faces strong support at $1211, good to buy at dips
May 27, 2016 05:35 am UTC| Technicals
Major support- $1211 (100 W EMA) The yellow metal has broken $1217.65 low made on Wednesday today morning and declined till $1211.52 at the time of writing. Gold has jumped till $1234 yesterday and started to...
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