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FxWirePro: CAD/JPY forms double top around 85.75, good to sell on rallies

Apr 15, 2016 08:00 am UTC| Technicals

Pattern Formed Double Top Major resistance- 86.10 (Weekly Kijun-Sen) Major support 84.50 (55 day 4H EMA) The pair has once again retreated after making a high of 85.68. It is currently trading around...

FxWirePro: Silver fails to break key resistance at $16.19, intraday bias remains neutral

Apr 15, 2016 07:39 am UTC| Technicals

XAG/USD is currently trading around $16.15 marks. It made intraday high at $16.18 and low at $16.07 levels. Intraday bias remains slightly bearish till the time pair holds immediate resistance level at $16.19...

GBP/JPY faces strong resistance at 155.50, break above targets 157.15/158

Apr 15, 2016 07:08 am UTC| Technicals

Major resistance 155.50 (55 day 4H EMA) Major support -153.85 (Kijun-Sen) The pair has made a high of 155.30 at the time of writing and declined from that level. It is currently trading around 154.91. The...

FxWirePro: Bullish Cypher completed on EUR/JPY, good to go long, weakness only below 122

Apr 15, 2016 07:03 am UTC| Technicals

A Bullish Cypher pattern completed on EUR/JPY daily charts. We see weakness only below 122 levels. The pair has also taken strong trendline support at 122.72 on Thursdays trade. Scope for upside test of 125.38...

Gold forms Head and Shoulder pattern, break below $1213 targets $1160/$1140

Apr 15, 2016 06:10 am UTC| Technicals

Pattern Formed- Head and Shoulder Pattern Neck line - $1213 Gold has formed clear Head and Shoulder pattern with Head at year high around $1284.40 with left shoulder around $1263 and right shoulder around same...

FxWirePro: NZD/USD breaks strong resistance at 0.6885, good to buy dips, target 0.6925

Apr 15, 2016 05:36 am UTC| Technicals

NZD/USD ends two consecutive sessions of declines as Kiwi continues to recover ground largely on the back of upbeat Chinese data. Chinese macro updates came in positive, with the GDP figures meeting expectations,...

FxWirePro: AUD/NZD surpasses recent bullish focal points, Interim bears can short for TP at 1.1159 but never buck major trend

Apr 15, 2016 05:23 am UTC| Technicals

Aussie dollars continues streak Bull Run against Kiwi dollar has come into halt at around 1.1237 levels. That is where back-to-back Long legged Dojis and Shooting Star patterns occurred. These candle patterns are highly...

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