
EUR/USD faces strong resistance at 1.12350, break above targets 1.1325
May 20, 2016 08:23 am UTC| Technicals
Minor Trend Line resistance- 1.12200 (Trend line joining 1.13484 and 1.12924) Major intraday resistance 1.12350 (55 day HMA) EUR/USD ahs broken minor trend Line resistance 1.12200 and jumped till 1.12276. It is...

FxWirePro: EUR/CAD constrained bulls at resistance of 1.4738 drift into sideways -
May 20, 2016 07:47 am UTC| Technicals
The pair has immediate support resistance at 7DMA and at 1.4738 levels respectively. 7DMA acting as pivot point after long legged doji, current price behaviour drifts into sideways. From 3-4 days, selling momentum...

FxWirePro: Gold almost flat above $1250, intraday bias remains neutral
May 20, 2016 07:41 am UTC| Technicals
XAU/USD is currently trading around $1254 mark. It made intraday high at $1259 and low at $1252 levels. Intraday bias remains bullish for the moment. A daily close above $1262 will take the parity up towards...

FxWirePro: US Oil faces resistance at 161.8% extension, good to sell on rallies
May 20, 2016 07:35 am UTC| Technicals
Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90) Major support - $46.70 (10 day MA) US oil has gained drastically after making a low of 46.72 yesterday. The commodity has broken $48.91 (18 the...

FxWirePro: GBP/JPY forms Bearish Bat pattern, good to sell on rallies
May 20, 2016 06:24 am UTC| Technicals
Harmonic Pattern Formed- Bearish Bat pattern Potential Reversal Zone (PPRZ) 162.80 GBP/JPY has completed Bearish Bat Pattern at 161.80 and slightly declined from that level. It is currently trading around...

FxWirePro: Go long on EUR/SEK around 9.35 with stop loss at 9.3450 and target of 9.3781
May 20, 2016 06:15 am UTC| Technicals
EUR/SEK is currently trading around 9.3532 levels. It made intraday high at 9.3602 and low at 9.3455 levels. Intraday bias remains bullish for the moment. A sustained break above 9.37 tests key resistances...

FxWirePro: Silver falls below $16.50, faces strong support at $16.31
May 20, 2016 05:52 am UTC| Technicals
XAG/USD is currently trading around $16.48 marks. It made intraday high at $16.54 and low at $16.41 levels. Intraday bias remains slightly bullish till the time pair holds key support at $16.41 marks. A...