
DAX30 breaks major support at 9730, decline till 9440 is possible
Jun 13, 2016 07:01 am UTC| Technicals
Major support -9730 (May 6th low) The index has broken major support 9730 and declined till 9658 at the time of writing. It is currently trading around 9681. Short term trend is weak as long as resistance 10020...

FxWirePro: EUR/GBP extends gains above 0.79 handle, good to go long on dips
Jun 13, 2016 06:59 am UTC| Technicals
EUR/GBP extends gains above 0.79 handle after breaking major resistance at 0.7880. Risk-off in Asia post below estimates Chinese data has been supportive of the single currency, pushing the cross to flirt with fresh...

FxWirePro: USD/JPY slips below 106 handle, hits 5-week low of 105.81, bias lower
Jun 13, 2016 06:25 am UTC| Technicals
USD/JPY has breaks major support at 106.40, hits new 5-week low of 105.81. The Bank of Japan is expected to remain on hold at its monetary policy meeting scheduled on June 16. Uncertainty at FOMC meeting...

FxWirePro: Silver faces key resistance at $17.32, good to buy on dips
Jun 13, 2016 06:13 am UTC| Technicals
XAG/USD is currently trading around $17.28 marks. It made intraday high at $17.34 and low at $17.08 levels. Intraday bias remains bullish till the time pair holds key support at $16.88 marks. A daily close...

Jun 13, 2016 06:12 am UTC| Technicals
We foresee more bearish tendency in this pair after it has broken below support at 107.674 levels. As you can clearly observe it has been consistently drifting through sloping channel testing 7DMA as a stiff resistance....

GBP/JPY forms bullish divergence in weekly chart, slight jump till 155 is possible
Jun 13, 2016 06:03 am UTC| Technicals
Major Support 149.80 (161.8% retracement of 152.95 and 157.95) Major resistance- 152.75 (4H Kijun-Sen) GBP/JPY has declined till 150.08 in the morning and slightly recovering from that level. It is currently...

FxWirePro: Gold faces major resistance at $1300, good to buy at dips
Jun 13, 2016 05:28 am UTC| Technicals
Major Support - $1250 (7 W EMA) Gold has broken major trend line resistance $1260 (trend line joining $1303 and $1288) and jumped till $1278.It is currently trading around $1274. Short term trend is bullish as...