Major Asian Indices Technicals
Feb 04, 2016 03:00 am UTC| Technicals
Hang Seng: Hang Seng has recovered after making a low of 18771. It is currently trading around 19271. Short term trend is slightly bullish as long as support 18770 holds. The index minor resistance is around 19300 and...
Feb 03, 2016 20:14 pm UTC| Technicals
The yellow metal rose on Wednesday after dollar was broadly sold across the board after ISM non-manufacturing PMI printed negative figures and skeptics about further interest hikes by Federal Reserves prompted investors to...

FxWirePro: USD/CAD loses momentum, but reversal is likely
Feb 03, 2016 18:10 pm UTC| Technicals
The USD/CAD pair declined sharply in US session hitting as low as 1.3834 after oil prices jumped as much as 5 percent on Wednesday after investors broadly sold off U.S. dollar after weak ISM non-Manufacturing PMI data....

FxWirePro:USD/CHF finds support at 1.0050, outlook bullish
Feb 03, 2016 16:03 pm UTC| Technicals
The USD/CHF has slipped sharply lower, hitting low as 1.0050 in the early American hours after ISM Non-Manufacturing PMI printed negative figures at 53.5 against forecasted figures at 55.1, despite the sharp decline...
FxWirePro: EUR/USD tests key 1.0976 level, scope for further upside
Feb 03, 2016 14:06 pm UTC| Technicals
The pair has found renewed bullish momentum after breaking strong resistance at 1.0940 and is moving upwards to test next resistance level at 1.0976. The pair is trading around 1.0955 levels and it is expected advance...

FxWirePro: USD/TRY may bounce back to 3.25 by Q1 end – stay hedged via diagonal combinations
Feb 03, 2016 12:27 pm UTC| Technicals
Turkish lira is We believe USD/TRY will trade above 3.25 in the coming months. The main drivers will likely be disregard of the inflation targeting regime and high levels of foreign liabilities. Headline inflation remains...

FxWirePro: Gold faces strong trend line resistance around $1133, good to buy at dips
Feb 03, 2016 12:04 pm UTC| Technicals
Major resistance -$1131 (200 day MA) Major support - $1100 (20 day MA) Gold has declined till $1108 after making a high of $1130 (200 day MA). It is currently trading around $1124. The commodity should close...