FxWirePro: USD/JPY pauses decline, scope for further upside
Mar 28, 2016 17:44 pm UTC| Technicals
USD/JPY has paused its declined as positive pending home sales data released earlier in the US session limited the pairs downside. Further downside is expected to be limited as the pair finds strong support at 113.79...
FxWirePro: Gold retreats from daily high, outlook bearish
Mar 28, 2016 17:08 pm UTC| Technicals
Gold has retreated after finding resistance at 1223 levels to trade around 1218 levels, erasing some earlier gains made in the US session. Further upside is set to be limited as the commodity finds strong resistance...
FxWirePro: AUD/USD gains some upside momentum but still bearish
Mar 28, 2016 15:15 pm UTC| Technicals
AUD/USD strongly rebounded on Monday erasing some losses suffered on Friday as slight weakness in US dollar supported Aussie bulls. However, further upside is expected to be limited as the pair finds strong...
FxWirePro: USD/CAD loses momentum but outlook is bullish
Mar 28, 2016 13:55 pm UTC| Technicals
The USD/CAD pair has declined sharply to test support level at 1.3180 levels, after the US market opened. However, the pair is trying to rebound after finding support level at 1.3180 levels. As long the pair trades...

Mar 28, 2016 13:12 pm UTC| Technicals
After the break out below 1.4949 and the neckline of double top has more downside potential, currently at 1.4786 levels after rejecting resistance at 1.4827 levels. From last couple of days, it has now been drifting in...

Mar 28, 2016 12:40 pm UTC| Technicals
Major resistance 86.30 (trend line joining 86.21 and 86.27) Major support - 84.50 The pair has once again retreated after making a high of 86.29 on 23rd Mar 2016. It has declined till 84.56 and slightly...

FxWirePro:Gold forms bullish Cypher Pattern, good to buy at dips
Mar 28, 2016 12:28 pm UTC| Technicals
Harmonic pattern: bullish Cypher pattern Potential Reversal Zone (PRZ) -$1190. The yellow metal has completed Cypher pattern around $1208.20 and recovered from that level. It is currently trading around...