
FxWirePro: Copper faces strong support around 2.39, good to buy at dips
Nov 30, 2015 11:35 am UTC| Technicals
Copper has made a low of 2.042 and recovered from that level. It is currently trading around 2.073 It has also broken minor trend line resistance 2.066 (trend line joining 2.133 and 2.112) jumped till 2.073. On...

FxWirePro: CAD/JPY faces strong resistance around 92.50, good to sell on rallies
Nov 30, 2015 09:59 am UTC| Technicals
CAD/JPY has once again made a low of 91.68 and recovered till 91.95 at the time of writing from that level. Short term trend is still bearish as long as resistance 92.50 holds The pairs short term resistance is around...

USD/JPY breaks above daily Tenkan at 123, close above will add to the upside potential
Nov 30, 2015 09:40 am UTC| Technicals
USD/JPY was largely range-bound on the day 122.69/95 range till now, daily Tenkan at 123 was capping gains in the pair The pair has now managed to break above 123 levels and is currently trading at session highs by...

FxWirePro: USD/TRY technicals coupled with fundamentals - Shooting star puzzles rallies
Nov 30, 2015 09:33 am UTC| Technicals
The USDTRY has actually entered a new zone of bullish set up after military conflict between Turkey and Russia. About the President Erdogans ignorance of ex-head of economic policy added some pressure on foreign...

FxWirePro: BTC/EUR faces strong resistance around $363, good to buy at dips
Nov 30, 2015 07:58 am UTC| Technicals
BTC/EUR has broken major resistance 348 and jumped till 361 level. It is currently trading around 358 level. On the higher side major resistance is around 363 (Jul 2015 high) and break above targets 382/391. Any break...
EUR/CHF likely moves upside ahead of ECB's December meeting
Nov 30, 2015 07:31 am UTC| Technicals
The KOF leading growth indicator in Switzerland, GDP and CPI inflation will slightly impact and the import data will only be of second importance despite expectations for a stabilization in inflation and growth. The...

GBP/AUD trades in narrow range, market awaits RBA monetary policy for further direction
Nov 30, 2015 07:18 am UTC| Technicals
GBP/AUD is consolidating in narrow range around 2.073 and 2.095 for the past three trading session Overall trend is weak as long as resistance 2.0120. Market awaits RBA monetary policy and UK Manufacturing PMI which...