
Mar 04, 2016 12:40 pm UTC| Technicals
Ahead of todays announcement of Canadian trade balance report, CAD dollar exchange rate has been bullish especially against currency peers such as the AUD, EUR and USD. Canada recorded a trade deficit of 584.90 CAD Million...

GBP/JPY breaks major trend line resistance, targets 163.95
Mar 04, 2016 12:32 pm UTC| Technicals
Major resistance - 160.65 (trend line joining 167.63 and 166.08) Major support - 160 The pair has recovered after making a low of 160. It is currently trading at 161.11. On the higher side any break above 160.65 will...

EUR/USD breaks major trend line resistance, jump till 1.1070 is possible
Mar 04, 2016 11:56 am UTC| Technicals
Major Resistance - 1.09865 (trend line joining 1.11930 and 1.11737) Minor support - 1.0945 (200 day HMA) The pair has recovered after making a low of 1.09284 at the time of writing. It is currently trading around...

FxWirePro: BTC/USD struggles to break above $450, good to sell on rallies
Mar 04, 2016 11:35 am UTC| Technicals
Major resistance - $450 BTC/USD has formed almost a double top around $445 and declined from that level. It is trading around $418. Short term trend is slightly weak as long as resistance $450...

Mar 04, 2016 10:58 am UTC| Technicals
On weekly plotting, Bullish engulfing most likely with US session to spare, downtrend moving sloping channel so far, bulls hovers at channel resistance, expect sideways or mildly upswings in short run. Break above...

Mar 04, 2016 10:57 am UTC| Technicals
Major Support -2.0935 Major resistance- 2.1100 The pair has retreated after making a high of 2.1100. It is currently trading around 2.09590. The pairs major support is around 2.0935 and break below targets 2.0890/2.0845...

FxWirePro: CAD/JPY struggles to break above 85.25, good to sell on rallies
Mar 04, 2016 09:57 am UTC| Technicals
Harmonic Pattern- Bearish Gartley Pattern Potential Reversal Zone (PRZ) - 85.50 The pair has once again retreated after making a high of 85. is currently trading around 84.56. Short term trend is slightly weak as long...