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FxWirePro: GBP/USD key resistance at 1.4903, bearish in the short term

Dec 22, 2015 15:22 pm UTC| Technicals

The GBP/USD slipped lower in the earlier European session, after failing to break resistance level located at 1.4905 and was further weighted down after dollar rose across the board in early US session following positive...

FxWirePro: EURUSD gains some upside momentum but bias still bearish

Dec 22, 2015 14:40 pm UTC| Technicals

EUR/USD pair has inched higher to trade around 1.0968 levels shrugging off positive US GDP data which came slightly better than forecast at 2.0%. However, further advance is expected to be limited as the pair faces strong...

FxWirePro: USD/CAD finds support at 1.3920, bias remains bullish

Dec 22, 2015 14:17 pm UTC| Technicals

USD/CAD pair has rebounded to trade around 1.3936 levels after finding support at 1.3920 levels. The Canadian dollar is slightly stronger across the board on the day against its U.S. counterpart despite US GDP data...

Loonie breaks minor trend line support ,targets 1.3850

Dec 22, 2015 11:54 am UTC| Technicals

Major support - 1.39300 (trend line joining 1.3314 and 1.3673) The pair has broken trend line support 1.3930 and declined till 1.39270. Intraday trend is slightly weak as long as resistance 1.3950 holds. Any...

Cable breaks minor support, decline till 1.4815 is possible

Dec 22, 2015 11:33 am UTC| Technicals

Major support -1.48750 GBP/USD is consolidating in narrow range between 1.48755 and 1.4950 level for the past two trading session. The pair has currently broken that major support 1.4875 and declined till 1.48721...

AUD/CHF Trade Idea

Dec 22, 2015 10:57 am UTC| Technicals

Major trend line resistance - 0.7175 (trend line joining 0.7229 and 0.7196) Any break above 0.7175 will take the pair to next level 0.7230/0.7300 level. On the downside major support is around 0.7110 (trend line...

FxWirePro: GBP/AUD bear trend intensifying, likely to extend dips in long run

Dec 22, 2015 10:39 am UTC| Technicals

We traced out bearish gravestone doji patterns at around 2.1552 levels on monthly charts as well as on weekly charts at around 2.1458 and again on 2.1586 levels. These bearish pattern dojis are an extremely helpful for...

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