
FxWirePro: USD/JPY rangebound, sees strong support at 113.30
Mar 07, 2016 06:18 am UTC| Technicals
USD/JPY has been trading a rising wedge pattern and finds strong support at 113.30 (wedge base). Appetite for risk seen lacking in the markets following Chinas announcement of lower GDP target range (6.5%-7%) for...

FxWirePro: USD/CNY continues to fall towards key support at 6.4910, sell on rallies
Mar 07, 2016 06:10 am UTC| Technicals
Pair is currently supported above 6.51 marks and trading around 6.5125 levels. It made intraday high at 6.5175 and low at 6.5095 levels. Intraday bias remains bearish for the moment. A daily close below...

Mar 07, 2016 05:58 am UTC| Technicals
Being right or wrong doesnt matter as long as your portfolio is able to generate positive cash flows as per George Soras. How much more money you made when you are right and how much less you lost when you are wrong is...

FxWirePro: Gold faces strong support around $1237, good to buy at dips
Mar 07, 2016 05:49 am UTC| Technicals
Major support- $1237 (3 W EMA) Gold has retreated after making a high of $1279. It is currently trading around $1259. Short term trend is still bullish as long as support $1237 holds. On the higher side...

FxWirePro: AUD/NZD fails to break key support at 1.0888, buy on dips
Mar 07, 2016 05:47 am UTC| Technicals
Pair is currently supported above $1.0900 marks. It made intraday high at 1.0925 and low at 1.0890 levels. Intraday bias remains bullish for the moment. On the top side, key resistance levels falls at...

FxWirePro: AUD/NZD capped below 200-DMA at 1.0922, further bullishness only on breaks above
Mar 07, 2016 05:28 am UTC| Technicals
AUD/NZD has broken strong resistance at 1.0875 (triangle top) on Wednesdays trade last week. The pair is however struggling to extend gains, price action was rejected at days high by 1.0925, 200-DMA currently at...

FxWirePro: GBP/JPY faces strong resistance around 162.50, good to sell on rallies
Mar 07, 2016 05:13 am UTC| Technicals
Candlestick pattern formed- Shooting star Major resistance - 162.50 GBP/JPY has retreated after making a high of 162.50. It is currently trading around 161.62. Short term trend is weak as long as resistance...