
FxWirePro: Silver hovers around key resistance at $15.92, a break will target $16.34/$17.75 marks
Apr 12, 2016 07:31 am UTC| Technicals
XAG/USD is currently trading around $15.90 marks. It made intraday high at $15.93 and low at $15.76 levels. Intraday bias remains slightly bullish till the time pair holds immediate support level at $15.85...

FxWirePro: EUR/GBP struggles at the 0.80 handle, focus on UK inflation data
Apr 12, 2016 07:03 am UTC| Technicals
EUR/GBP is extending downside from fresh 20-month highs at 0.8117 hit on April 7th. The pair is seen trading a rising channel since Jan 2016, and on the day is struggling at the 0.80 handle. Upside for now seems...

Apr 12, 2016 06:57 am UTC| Technicals
In March month, it has completely shown whipsaws on DMAs and on resistance at 0.9955 levels (see daily chart). Their bearish effects have now been seen considering previous rallies. Although it has taken support at...

GBP/USD faces strong resistance at 1.4320,markets eye UK CPI for further direction
Apr 12, 2016 06:35 am UTC| Technicals
Candle Stick pattern Formed- Gravestone Doji Major resistance -1.4320 Cable has made a high of 1.42863 and declined from that level . It is currently trading around 1.42317. Markets eyes UK CPI data which is...

FxWirePro: NZD/USD rejected at highs, tests strong trendline support at 0.6868
Apr 12, 2016 06:30 am UTC| Technicals
NZD/USD upside stalls shy of the 0.79 handle, the pair was rejected at days highs by 0.6892. Inverted hammer formation evidenced at highs, pair has edged lower to test strong trendline support at 0.6868. We see...

FxWirePro: Cloud base is strong support for AUD/CAD, weakness only on breaks below
Apr 12, 2016 06:02 am UTC| Technicals
AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788. Momentum studies are neutral, pair struggling to break below cloud base, only break below will see scope...

FxWirePro: Book profits in AUD/JPY's
Apr 12, 2016 05:49 am UTC| Technicals
Lets begin with the review of strategy performance that weve advocated on 1st of April, we came up with credit call spreads (1% ITM call shorts and long on 1% OTM call). Those who executed this at that juncture would have...