FxWirePro: Gold tests key 1256 level, scope for further upside
Apr 20, 2016 18:26 pm UTC| Technicals
Gold retreated slightly on Wednesday as dollar firmed after better than expected US housing data supported dollar and investors remained cautious ahead of the Eurozone interest rate decision followed by ECB press...
FxWirePro: USD/JPY rebounds, critical resistance at lies ahead
Apr 20, 2016 17:21 pm UTC| Technicals
The USD/JPY pair slipped towards 108.74 levels initially in the European session, however the pair rebounded back strongly gaining back all losses suffered earlier after the release of positive US housing data. Strong...
FxWirePro: EUR/USD runs out of steam but maintains bullish outlook
Apr 20, 2016 14:38 pm UTC| Technicals
The EUR/USD declined at the beginning of the US session as the pair found short selling interest around 1.1390 levels. The pair further came under pressure after data showed US home sales rebounded more than expected...
FxWirePro: GBP/USD retains bullish outlook with scope to target 1.4450
Apr 20, 2016 13:40 pm UTC| Technicals
The GBP/USD pair retreated back on Wednesday, as the Pound found short selling interest after data showed the number of unemployed in Britain rising and wage growth fell short of expectations. The pair eased to intraday...
FxWirePro: USD/CAD pauses decline, downside risk remains
Apr 20, 2016 13:27 pm UTC| Technicals
The USD/CAD pair continued its decline on Wednesday, as the Canadian dollar gained strength as the prices of oil gained further ground. The pair recovered up to 1.2730 levels in the Asian session, but fell back as...
Apr 20, 2016 12:45 pm UTC| Technicals
Major resistance 114 Major support 113 The pair has made a high of 113.98 and declined from that level. It is currently trading at 113.65. Short term trend is slightly bullish as long as support 112.80...
Apr 20, 2016 12:31 pm UTC| Technicals Insights & Views
Breaks resistance at 1.4385 levels but sustenance is questionable, but dont jump into conclusion wait for confirmation. But for now, the bulls seem to be exhausted on minor resistance at 1.4385. Day highs were also...
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