FxWirePro: Gold faces strong support at $1100, good to buy at dips
Feb 01, 2016 06:42 am UTC| Technicals
Major resistance -$1131 (200 day MA) Major support - $1100 (20 day MA) Gold has declined till $1108 after making a high of $1127. It is currently trading around $1120. Short term trend is slightly bullish as...
Feb 01, 2016 06:19 am UTC| Technicals
Minor correction is expected in JPY below 121.68 marks. In long run USD/JPY remains mildly on the upside for 123.74 resistance levels. On the down side support levels are seen around 120.43, 119.18 and 1127.27...
FxWirePro: BTC/USD struggles to close below $370, good to sell on rallies
Feb 01, 2016 06:17 am UTC| Technicals Digital Currency
BTC/USD has slightly recovered after making a low of $363. is trading around $373. Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next...
Feb 01, 2016 06:09 am UTC| Technicals
We traced out a bearish shooting star pattern at peaks of rallied at around 131.659 that has evidenced a steep dip on 4 hourly chart, currently back to back dojis at territory appeared to signify the weakness in this...
FxWirePro: NZD/USD takes trendline support at 0.6450, good to buy dips
Feb 01, 2016 05:48 am UTC| Technicals
NZD/USD has edged higher from session lows at 0.6450 after holding trendline support and is currently trading at 0.6483. The pair has been trending sideways, a data packed NZ calendar this week could provide some...
FxWirePro: GBP/JPY faces strong resistance around 200 day 4HMA, good to buy at dips
Feb 01, 2016 05:36 am UTC| Technicals
GBP/JPY has made a high of 174.17 on Friday and started to decline from that level is currently trading around 172.99. Short term trend is still bullish as long as support 170.50 (Kijun-Sen) holds. Any break below...
EUR/USD well supported above $1.0800, Euro zone manufacturing PMI data in focus
Feb 01, 2016 05:19 am UTC| Technicals
Intraday bias in EUR/USD remains bullish as consolidation from 1.1059 continues. On the downside, below 1.0707 will turn bias to the bearish again. The European economic calendar starts on Monday, with...
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