
FxWirePro: AUD/NZD breaks minor support at 1.1011, drop till 1.0730 likely
Nov 26, 2015 11:47 am UTC| Technicals
AUD/NZD has edged lower after hitting double tops at 1.1086 (24th and 25th Nov). Daily RSI rolls over from overbought and the pair dips back into the cloud AUD weakness prevalent across crosses after poor Australia...

Nov 26, 2015 11:26 am UTC| Technicals
CAD/JPY has once again made a low of 91.62 and recovered till 92.35 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...

Silver breaks minor trend line resistance, targets $14.50
Nov 26, 2015 10:34 am UTC| Technicals
Silver has broken minor trend line resistance $14.20 and is consolidating around these levels. Major resistance - $14.26 (55 day 4 H EMA) Any break above will take the commodity to new level to...

FxWirePro: CAD/JPY faces strong resistance around 92.50, good to sell on rallies
Nov 26, 2015 09:36 am UTC| Technicals
CAD/JPY has once again made a low of 91.62 and recovered till 92.35 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...

FxWirePro: Bears hamper gold’s recovery attempts – on the verge of making new 6-year lows
Nov 26, 2015 09:33 am UTC| Technicals
The precious metal has surpassed all major support levels where supply was seen more than demand and for now lingering support at around $1,071.43 levels after rejecting 1074.78. If it does not mange to hold 1071.43...

FxWirePro: EUR/JPY bias remains on the downside, could target 129.30
Nov 26, 2015 09:28 am UTC| Technicals
EUR/JPY continues trading below 131.81 (61.8% Fibo retracement of the 126.08-141.06 rise), weighs heavily on the market The risk remains for the pair to eventually break and close below 129.61 (76.4% Fibo retracement...

FxWirePro: GBP/AUD recovers after making a low of 2.073, good to sell on rallies
Nov 26, 2015 09:12 am UTC| Technicals
GBP/AUD has made a low of 2.0730 and recovered till 2.0930 from that level. It is currently trading at 2.08715. Overall trend is weak a decline till 2.050 (200 day MA)/2 is possible. Short term trend reversal can happen...