FxWirePro: Gold forms bullish Bat pattern, good to buy at dips
Apr 04, 2016 06:03 am UTC| Technicals
Harmonic Pattern Formed - Bullish Bat Pattern Potential Reversal Zone (PRZ)- $1200 The yellow metal has slightly recovered after making a low of $1208. It is currently trading around $1217.90 Short term...
FxWirePro: NZD/CAD consolidates in narrow range, good to sell on rallies
Apr 04, 2016 05:43 am UTC| Technicals
Major resistance 0.9060 Major support -0.8920 (resistance turned into support) The pair is consolidating between narrow range 0.9020-08927 for the past two trading session.It is currently trading around...
FxWirePro: AUD/JPY tests support at 85 levels, good to sell rallies
Apr 04, 2016 05:39 am UTC| Technicals
AUD/JPY tests support at 85 levels on poor Australia retail trade data. Breaks below would see weakness upto 84.30 levels. Australian retail sales data showed no growth and stayed flat in Feb, coming in much weaker...
Apr 04, 2016 05:31 am UTC| Technicals
The price has rejected below 128.189 levels (see bearish candle with big real body on Friday). It has continued to drop below supports at 127.034 levels (around Fridays low and 7EMA). As you can observe monthly and...
FxWirePro: NZD/USD slips below 0.69 handle, falling oil prices weigh
Apr 04, 2016 05:13 am UTC| Technicals
NZD/USD surrenders 0.69 handle as weakness across the commodities space weighs on the kiwi. Heavy losses in its Oz counterpart post disappointing retail sales data also adds to the weaker tone. Focus on US...
FxWirePro: Silver hits fresh monthly low after NFP results, good to sell on rallies
Apr 04, 2016 05:08 am UTC| Technicals
XAG/USD is currently trading around $15.01 levels. It made intraday high at $15.08 and low at $14.95 levels. Intraday bias remains bearish for the moment. A daily close below $15.01 will tests key supports...
FxWirePro: Aussie sold-off on disappointing data, good to short AUD/USD rallies
Apr 04, 2016 04:21 am UTC| Technicals
Aussie bears taking control after disapointing data from Australia earlier today. Australias Feb retail sales came at 0.0% m/m vs 0.4% expected and 0.3% last, a big miss. AUD/USD saw a 30 pip slump post data from...
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