FxWirePro: USD/CAD hits 1-week low, scope for further downside
Apr 08, 2016 14:31 pm UTC| Technicals
The USD/CAD plummeted towards 1.3000 levels after Canadian employment data showed sharp rise in March. In quick succession the pair hit daily low of 1.3000, wiping out earlier gains. Canada added far more jobs than...
FxWirePro: GBP/USD rises above towards 1.4100 levels, a key barrier ahead
Apr 08, 2016 13:54 pm UTC| Technicals
GBP/USD declined on Friday as the greenback rose against sterling following soft UK industrial output data. Industrial output data declined 0.3 percent in February to give 0.5 fall on the year, its biggest drop since...
FxWirePro: USD/JPY neutral near-term, scope for downward resumption
Apr 08, 2016 13:37 pm UTC| Technicals
The USD/JPY pair is trading around the 108.60 levels, as the pair recovered some ground on Friday after Japans finance ministers warned against rapid yen rise. The pair reached a daily high of 109.10 after the release...

Apr 08, 2016 10:22 am UTC| Technicals
Major resistance 1.4182 Major support 1.4000 The pair has slightly retreating after making a high of 1.4140. It is currently trading around 1.40968. On the higher side minor resistance is around 1.4150 and...

FxWirePro: GBP/USD faces major resistance at 1.4180, good to sell on rallies
Apr 08, 2016 09:29 am UTC| Technicals
Major resistance 1.4182 Major support 1.4000 The pair has slightly retreating after making a high of 1.4140. It is currently trading around 1.40968. On the higher side minor resistance is around 1.4150 and...

US OIL breaks major trend line resistance, targets $39.35/$40
Apr 08, 2016 07:39 am UTC| Technicals
Major support - $36.80 (200 day 4HMA) Major resistance - $38 (trend line joining $40.11 and $38.26) US Oil has taken support near 200 day 4H MA and recovered from that level. It is currently trading around...

FxWirePro: BTC/USD trades well above $400, good to buy at dips
Apr 08, 2016 07:03 am UTC| Technicals
Major support - $400 BTC/USD has slightly recovered till $422 after making a low of $403.It is currently trading around $420.66. Short term trend is slightly bullish as long as support $400 holds. On the...