FxWirePro: EUR/USD holds above 1.1200 but upside is limited
Mar 22, 2016 15:46 pm UTC| Technicals
The pair declined initially in the early US session hitting as low as 1.1190 levels. However, after short buying interest the pair has inched upwards towards 1.1223 levels. Further upside should be limited as the pair...
FxWirePro: Hedging series for Brexit scenarios
Mar 22, 2016 15:44 pm UTC| Technicals
Brexit fears has been darkening the GBP prospects, but the main support for GBP comes from the fact that Brexit has become a crowded trade amongst short-term investors this was particularly evident in the broad-based...

Mar 22, 2016 14:43 pm UTC| Technicals
In the GBP Brexit basket over the past month. We added a short position in GBP/AUD to reduce the overall defensive nature of most of the basket of trades. The pair has been very well reacting to our whim fancy as it...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Mar 22, 2016 14:33 pm UTC| Technicals
GBP/USD pair slipped back towards 1.4200 as fresh selling resumed on Tuesday after weak UK CPI data and renewed Brexit fears weighted on the pair. Currently the pair is trading around 1.4221 levels, it is set to...

Mar 22, 2016 13:56 pm UTC| Technicals
This descriptive analysis gives you an in depth technical insights that signal bearish trend confirmation. On daily charts, bears slide along sloping channel, Shorting opportunities are generated on rallies as the...
FxWirePro: Gold rallies towards 1255 but reversal is likely
Mar 22, 2016 13:51 pm UTC| Technicals
Gold has inched higher on Tuesday as investors sought safe heaven assets after deadly bomb attacks hit Brussels airport. Currently the yellow metal has rebounded towards 1255 levels after finding resistance at...

Cable breaks major support 1.4250, targets 1.4100
Mar 22, 2016 12:47 pm UTC| Technicals
Cable breaks major support around 1.42500, a decline till 1.4175/1.410 is possible. On the higher side slight bullishness can be seen only above 1.4300. Any break above 1.4300 will take the pair till...