
Mar 31, 2016 10:50 am UTC| Technicals
From last 5 days attempts of spike has now been struggling at 0.7382 levels, it has bounced from 0.7302 to 0.7403 levels (todays high) in last 5 days. We now emphasize 0.7382 areas as stiff resistance of sloping channel...

Mar 31, 2016 10:39 am UTC| Technicals
Major support- 161.30 Major resistance 162.60 The pair has retreated after making a high of 162.57 yesterday. It is currently trading around 160.99. Short term trend is weak as long as 162.60 holds. On...

FxWirePro: GBP/USD forms Gravestone doji pattern, good to sell on rallies
Mar 31, 2016 09:37 am UTC| Technicals
Candlestick Pattern- Gravestone Doji Major resistance 1.4460 The pair has made a high of 1.4459 yesterday and declined till 1.4325 at the time of writing. It is currently trading around 1.43825. Short term...

Mar 31, 2016 09:00 am UTC| Research & Analysis Technicals
The dovish comments contrasted with recent hawkish remarks by some Fed officials who indicated that the bank could act as soon as next month to raise interest rates. Investors and economists dialled back their rate hike...

FxWirePro: Chinese Yuan hits fresh weekly high against US dollar, intraday bias remains bearish
Mar 31, 2016 08:41 am UTC| Technicals
USDCNY is currently trading around 6.4645 levels. It made intraday high at 6.4770 and low at 6.4648 levels. The Peoples Bank of China set the midpoint rate at its strongest this year at 6.4612 per dollar prior to...

Mar 31, 2016 08:24 am UTC| Technicals
Technical Inference: Broken rising wedge base on daily chart at around 1240 levels. Currently, experiencing resistance between 1245-1250 range. Daily RSI has been converging downwards with every dips ever since it...

FxWirePro: GBP/NZD momentum turns bearish, good to sell rallies
Mar 31, 2016 08:11 am UTC| Technicals
GBP/NZD has been trading a falling wedge formation and has resumed downside after multiple rejections at wedge top. Downside has been supported with rising volumes and Technicals confirm further...