FxWirePro: "Bullish Gartley" formed on Copper dailies, good to buy dips
May 26, 2016 09:23 am UTC| Technicals
Copper is extending bounce off multi-month lows (not seen since Feb 15th) at 2.037 hit on May 19th. Bullish Gartley Pattern on daily charts. Techs also support upside, Stochs and RSI have rolled over from...
FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips
May 26, 2016 09:15 am UTC| Technicals
Pattern Formed- Triple bottom Major support - $435 Major resistance- $451 (21 day MA) BTC/USD has made a high of $449.60 yesterday and slightly retreated from that level. . It is currently trading around...
FxWirePro: EUR/GBP slips below 0.76 handle, focus on UK GDP data
May 26, 2016 08:26 am UTC| Technicals
EUR/GBP trades below the 0.76 handle ahead of UK Q1 GDP data, renewed buying interest seen in GBP. A surprisingly upbeat data would act as a catalyst to boost demand from the British Pound. Technicals are highly...
FxWirePro: EUR/USD faces strong support at 1.1100, good to sell on rallies
May 26, 2016 08:01 am UTC| Technicals
Major Resistance- 1.12640 (55 day EMA) Major support- 1.1100 (200 day MA) Euro has taken support near 200 day MA and jumped from that level. The pair has jumped till 1.1898 at the time of writing and it is...
FxWirePro: USD/CNY hovers around 6.56 marks, a sustain break above targets 6.5790
May 26, 2016 07:35 am UTC| Technicals
USD/CNY is currently trading around 6.5605 marks. It made intraday high at 6.5608 and low at 6.5538 levels. Intraday bias remains bullish till the time pair holds key support at 6.5470 levels. A sustained...
EUR/CAD breaks major support at 1.4535, targets 1.4365/1.4300
May 26, 2016 07:17 am UTC| Technicals
Major resistance- 1.4823 (200 day MA) EUR/CAD has declined sharply yesterday after the BOC kept its interest rates on hold. The pair has broken major support 1.45395 (May 18th low) and declined till 1.45047 at the...
FxWirePro: USD/CAD trades lower on BOC holds and higher Oil prices, good to sell on rallies
May 26, 2016 07:02 am UTC| Technicals
Loonie has declined drastically yesterday after BOC kept its interest rates on hold. The pair has broken major support of 1.3000 today morning and is currently trading around 1.29750. BOC has left overnight interest...
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