
Indian rupee likely to fall further against US dollar, intraday bias remains neutral
Feb 26, 2016 06:18 am UTC| Technicals
Pair is currently trading at 68.77 levels. It made intraday high at 68.78 and low at 68.64 levels. Pair is likely to fall further as 20, 30 and 55D EMA heads upside. Key resistance falls at 68.84 levels. A...

FxWirePro: EUR/CAD breaks double top neckline - stay short via one touch binary put on rallies
Feb 26, 2016 06:00 am UTC| Technicals
On daily plotting, the pair has formed double top pattern with peak 1 at 1.6105 and peak 2 at 1.5913 levels. After breaking below the neckline of double top it has also slid below one more crucial supports at 1.4949...

FxWirePro: AUD/NZD breaks below daily cloud, scope for test of trendline at 1.0570
Feb 26, 2016 05:54 am UTC| Technicals
AUD/NZD extends downside after rejection at triangle top at 1.0874 in Wednesdays trade. Price action has fallen below the cloud and Stochs on daily charts have rolled over from overbought levels confirming further...

Gold faces major resistance around $1240, break above targets $1263
Feb 26, 2016 05:26 am UTC| Technicals
Major resistance - $1240 (Trend line joining $1253 and $1242) Major support - $1230 Yellow metal has made a high of $1242.94 yesterday and slightly declined from that level. It is currently trading around...

FxWirePro: GBP/NZD hits fresh multi-year lows, 2.0458 next likely target for bears
Feb 26, 2016 05:16 am UTC| Technicals
GBP/NZD extends grind lower, breaks below support at 2.05651. The pair has at the moment pared some losses and is currently trading at 2.0676. No signs of reversal, Techs show scope for further downside, 2.0458...

FxWirePro: NZD/USD breaks major resistance, hits 7-week highs, good to buy dips
Feb 26, 2016 05:14 am UTC| Technicals
Kiwi bulls bolstered by surprisingly positive NZ trade data, take NZD/USD to 7-week highs at 0.6775. The pair has broken all major resistances - at 0.6667 (triple top ), 0.67 and 0.6730 (trendline...

Gold likely to stay range bound ahead of US GDP data
Feb 26, 2016 04:57 am UTC| Technicals
Pair is currently trading at $1236 levels. It made intraday high at $1239 and low at $1231 levels. Intraday bias remains bullish till the time pair holds key support levels at $1221 marks. On the top side...