FxWirePro: Gold faces strong support at $1070, good to buy at dips
Jan 18, 2016 05:24 am UTC| Technicals
Major trend line support - $1070 (trend line joining $1047 and $1058) The commodity has made a low of $1071 and started to recover from that level. Short term trend is still bullish as long as support $1070...
Jan 18, 2016 05:10 am UTC| Technicals
EUR/JPY finds strong resistance in the 127.85-128.55 zone, further upside can be seen only on breaks above. The pair is seen consolidating after bouncing off trendline support at 126.77, but upside capped by 10-DMA...
FxWirePro: AUD/USD recovers from multi-year lows, holds above 0.69 handle
Jan 18, 2016 04:40 am UTC| Technicals
Our previous call (http://www.econotimes.com/FxWirePro-AUD-USD-unable-to-hold-gains-above-5-DMA-tests-06920-support-143126) has acheived targets. On the day, AUD/USD ignores slump the Asian markets amid falling oil...
Traders enjoying roller coaster movement in Gold
Jan 18, 2016 04:27 am UTC| Technicals
Since the beginning of the New Year, Traders taking benefit from the range bound market movement in Gold. The yellow metal benefited from yet more stock market weakness, especially in China, and a sliding US dollar that...
FxWirePro: USD/JPY holds above trendline support at 116.50, sell on breaks below
Jan 18, 2016 03:41 am UTC| Technicals
Renewed bout of risk-aversion led by the ongoing rout in oil prices leading to sharp losses in Nikkei and other Asian indices. USD/JPY fell to hit session lows by 116.66 but has quickly pared losses to regain the 117...
Major Asian Indices Technicals
Jan 18, 2016 02:55 am UTC| Technicals
Hang Seng: Hang Seng has broken major support 19400 and declined till is currently trading around term term trend is weak as long as resistance 20300 holds. The index resistance is at 20300 and any indicative...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Jan 15, 2016 15:52 pm UTC| Technicals
GBP/USD rebounded slightly in early US session after, US retail sales data printed negative figures. However, the pair failed to advance further above and slipped back resuming its downward momentum. Any upside should be...
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