
FxWirePro: Short AUD/USD on close below 200-DMA at 0.7259
May 16, 2016 10:21 am UTC| Technicals
AUD/USD trades with a major downward bias. The pair has broken major supports:- 1) Trendline @ 0.7555, 2) 55-EMA @ 0.7525, 3) 110-EMA @ 0.7415, 4) 200-DMA @ 0.7259. The pair has edged higher from session lows at...

FxWirePro: US Oil breaks major resistance $47, good to buy at dips
May 16, 2016 10:20 am UTC| Technicals
Major support - $45.40 (7 day EMA) US Oil has broken major resistance $47 and jumped till $47.16. It is currently trading around $47.14. Short term trend is bullish as long as support $45.40 holds. Any break...

FxWirePro: BTC/USD trades flat, good to sell on rallies
May 16, 2016 09:27 am UTC| Technicals
Major resistance -$470 (Apr 26th 2016) BTC/USD has slightly recovered from the low of $448 made on Thursday. It is currently trading around $456. Minor trend is slightly bearish as long as resistance $470...

FxWirePro: Gold breaks key resistance at $1282, intraday bias remains bullish
May 16, 2016 08:39 am UTC| Technicals
XAU/USD is currently trading around $1281mark. It made intraday high at $1283 and low at $1270 levels. Intraday bias remains bullish till the time pair holds immediate support at $1268 marks. A daily close...

GBP/USD breaks major support at 1.43650, decline till 1.4240 is possible
May 16, 2016 08:17 am UTC| Technicals
Major support 1.4367 (200 day 4H MA) Major resistance 1.4450 (55 day 4 H EMA) Cable has broken major support 1.4367 and declined till 1.4342. It is currently trading around 1.4354. On the lower side any...

FxWirePro: South African rand depreciates against US dollar, strong resistance falls at 15.53
May 16, 2016 08:03 am UTC| Technicals
USD/ZAR is currently trading around 15.4990. It made intraday high at 15.5277 and low at 15.4503 levels. Intraday bias remains bullish for the moment. A daily close below 15.45 will drag the parity down...

May 16, 2016 07:45 am UTC| Technicals
The shooting star candle pattern occurred at 1.5547 levels on daily at 1.5223 levels on monthly plottings, more bearish swings have been evidenced as a confirmation (see next bear candle after this pattern). Although...