FxWirePro: GBP/USD faces strong resistance around 1.4365, good to sell on rallies
Jan 25, 2016 08:09 am UTC| Technicals
Cable has made a high of 1.43626 and started to decline from that level. It is currently trading at 1.42750. Short term trend is weak as long as resistance 1.4365 holds. Any break above 1.4365 will take the till...
FxWirePro: DAX faces major support at 9540, good to buy at dips
Jan 25, 2016 07:38 am UTC| Technicals
The index has broken major resistance 9720 and jumped till is currently trading around 9819. Any minor weakness can be seen only below 9560 and any break below 9540 will drag the index down till 9420/9300. The...
FxWirePro: Hedging and speculating NZD/USD downside risks via calendar combinations
Jan 25, 2016 07:21 am UTC| Technicals
NZDUSD has formed a double top pattern on daily charts with peak 1 at 0.6897 and peak 2 at 0.6883. Although this pair has tested supports near neckline of double top at 0.6428, we could foresee more bearish pressure in...
FxWirePro:BTC/USD faces support around $370, good to buy at dips
Jan 25, 2016 06:55 am UTC| Technicals Digital Currency
BTC/USD has retreated till $374 after making a high of $422.98. It is currently trading around $396. Short term trend is bullish as long as support $370 holds. On the lower side any break below $370 will drag the...
FxWirePro: GBP/AUD faces strong support at 2, good to buy at dips
Jan 25, 2016 06:37 am UTC| Technicals
Harmonic pattern Formed - Bullish Gartley Pattern Potential Reversal Zone (PRZ) - 2. The pair is trading in narrow range around 2.032-2.045 for the past two trading session. GBP/AUD is facing minor...
Jan 25, 2016 06:09 am UTC| Technicals
It has formed a double top pattern on daily charts with peak 1 at 0.6897 and peak 2 at 0.6883. Although this pair has tested supports near neckline of double top at 0.6428, we could foresee more bearish pressure in the...
GBP/JPY faces resistance around 170.20, break above targets 176
Jan 25, 2016 05:47 am UTC| Technicals
Major resistance - 170.20 (Cloud bottom) The pair has made a high of 170.35 and started to retreat from that level. It is currently trading around 169.77. The upside in GBP/JPY has been capped around 170.20-35...
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