
FxWirePro: GBP/JPY holds well above 145, jump till 148.45 likely
May 04, 2017 09:07 am UTC| Technicals
Major resistance -144.80 GBP/JPY continues its winning momentum after showing an intraday decline till 144.65.The pair is forming a minor bottom around 144.50 and any intraday weakness can be seen only below that...

FxWirePro: AUD/JPY bearish RSI divergence and trendline break raises scope for downside
May 04, 2017 07:31 am UTC| Technicals
AUD/JPY fails shy of 50-DMA, extends downside for 2nd consecutive session. Price action has slipped below 5-DMA and Technical studies have turned slightly bearish. Stoch is on the verge of a rollover from...

FxWirePro: GBP/USD trades weaker, dip till 1.27500 likely
May 04, 2017 07:28 am UTC| Technicals
GBP/USD has shown a minor weakness during Asian session after hawkish Fed. Fed left its interest rates unchanged and probability of June rate hike increased from 70% prior to meeting to 90% after meeting. Cable breaks the...

FxWirePro: AUD/CHF slumps to fresh 4-month lows, bias lower
May 04, 2017 06:53 am UTC| Technicals
Aussie continues to trade under immense pressure, AUD/CHF slumps to fresh 4-month lows. Aussie double whammy from hawkish FOMC monetary policy statementand disappointing release of Australian trade balance data and...

May 04, 2017 06:45 am UTC| Technicals Insights & Views
Technical Inference: On daily plotting, the double top pattern has occurred in silver price chart with peak 1 at 18.485 (that is where Back to back shooting star candle patterns are traced out), peak 2 at 18.647 and...

FxWirePro: Gold trades well below 200- day MA, good to sell on rallies
May 04, 2017 06:13 am UTC| Technicals
Gold prices hits one month low yesterday and declined almost $20 after Fed monetary policy. The yellow metal breaks 200- MA and declined sharply below that level. U.S Fed kept its interest rates unchanged and it hints...

May 04, 2017 04:20 am UTC| Technicals
AUD/USD consolidates Wednesdays slump, finds support from RBA Governor Lowes hawkish comments. The pair edges higher from lows near 0.74 to currently trade around 0.7422 levels. The Australian dollar was on the...