
FxWirePro: BTC/USD struggles to close below $370, good to sell on rallies
Feb 01, 2016 06:17 am UTC| Technicals Digital Currency
BTC/USD has slightly recovered after making a low of $363. is trading around $373. Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will take the pair to next...

Feb 01, 2016 06:09 am UTC| Technicals
We traced out a bearish shooting star pattern at peaks of rallied at around 131.659 that has evidenced a steep dip on 4 hourly chart, currently back to back dojis at territory appeared to signify the weakness in this...

FxWirePro: NZD/USD takes trendline support at 0.6450, good to buy dips
Feb 01, 2016 05:48 am UTC| Technicals
NZD/USD has edged higher from session lows at 0.6450 after holding trendline support and is currently trading at 0.6483. The pair has been trending sideways, a data packed NZ calendar this week could provide some...

FxWirePro: GBP/JPY faces strong resistance around 200 day 4HMA, good to buy at dips
Feb 01, 2016 05:36 am UTC| Technicals
GBP/JPY has made a high of 174.17 on Friday and started to decline from that level is currently trading around 172.99. Short term trend is still bullish as long as support 170.50 (Kijun-Sen) holds. Any break below...

EUR/USD well supported above $1.0800, Euro zone manufacturing PMI data in focus
Feb 01, 2016 05:19 am UTC| Technicals
Intraday bias in EUR/USD remains bullish as consolidation from 1.1059 continues. On the downside, below 1.0707 will turn bias to the bearish again. The European economic calendar starts on Monday, with...

FxWirePro: 200-DMA at 121.46 strong resistance for USD/JPY, further bullishness only on breaks above
Feb 01, 2016 05:02 am UTC| Technicals
USD/JPY trades a narrow range on the day 121.48/10, consolidating after the massive spike post BoJ surprise rate decision on Friday. The pair has strong resistance by 200-DMA (currently at 121.46), further gains...

Gold higher after China PMI data
Feb 01, 2016 04:23 am UTC| Technicals
Gold prices rose after mixed manufacturing and services data out of China. The Chinese Manufacturing Purchasing Managers Index (PMI) eased from 49.7 in December to 49.4 last month, the lowest reading since August...