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S&P500 faces strong resistance at 1900, break above targets 1956

Jan 22, 2016 12:06 pm UTC| Technicals

Major resistance -1900 (55 day 4H EMA and cloud top) SP500 has made a high of 1898 and slightly retreated from that level. It is currently trading at 1893. Any break above 1900 will take the pair till...

FxWirePro: EUR/GBP shooting star boosted by oscillators keeps bulls taking halt – more dips likely in short term

Jan 22, 2016 11:43 am UTC| Technicals

Speculators can eye on short term downswings: We spotted out a shooting star (on daily charts) at peaks of 0.7673 which is bearish in nature. Weve been seeing slumps as a result from the highs of 0.7755, while...

FxWirePro: GBP/AUD forms bullish Gartley pattern, good to buy at dips

Jan 22, 2016 10:49 am UTC| Technicals

Harmonic pattern Formed - Bullish Gartley Pattern Potential Reversal Zone (PRZ) - 2.0170 The pair has declined till 2.0220 and slightly recovered from that level. It is currently trading around...

FxWirePro: EUR/CAD retreats from multi-year highs, scope for further downside, sell rallies

Jan 22, 2016 10:35 am UTC| Technicals

EUR/CAD is seen extending decline from multi-year highs at 1.6105 hit on Jan 20th, we see scope for further downside. Unexpected dovish tone at Draghis press conference on Thursday has opened the door to a...

GBP/JPY Trade Idea

Jan 22, 2016 10:06 am UTC| Technicals

Major resistance - 167.85 (Tenken-Sen) Major intraday Support -166.80 (5 day MA) GBP/JPY has broken major resistance around 167.85 and jumped till 169. It is currently trading around 168.72. It is facing...

FxWirePro: NZD/JPY extends recovery from multi-month lows, bias higher

Jan 22, 2016 09:32 am UTC| Technicals

NZD/JPY extending recovery from multi-month lows at 73.65, trades above 510 day MAs, close above could see further upside. Kiwi was a major beneficiary of improving risk appetite and oil price rebound and movements...

GBP/USD breaks minor resistance around 1.4250, jump till 1.4330 is possible

Jan 22, 2016 09:28 am UTC| Technicals

Major resistance - 1.4250 The pair has broken major resistance around 1.4250 and jumped till 1.42725 at the time of writing. Any break above 1.4250 will drag the pair up till 1.4300//1.4326 (55 day 4 EMA)/1.4340 level...

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