
FxWirePro: GBP/JPY forms falling wedge pattern, good to sell on rallies
Dec 10, 2015 05:41 am UTC| Technicals
Pattern formed - Falling wedge Major resistance - 185.60 (trend line joining 188.17 and 186.35) The pair has made a high of 185.39 yesterday and started to decline till 183.70 from that level. It is currently...

EUR/JPY continues range trade, bias definitely lower, good to go short on rallies
Dec 10, 2015 05:28 am UTC| Technicals
EUR/JPY gains post ECB last week was halted by the daily cloud, we see scope for a drop back to around 132.10 levels. Price action has edged back into the cloud, but strong resistance is seen by 200 DMA at 134.09,...

EURO faces resistance around 200 day MA, good to sell on rallies
Dec 10, 2015 03:56 am UTC| Technicals
EUR/USD has broken major resistance 1.100 and jumped till 1.10423 . It is currently trading around 1.10098. Overall trend is still weak as long as resistance 1.10900 holds. The pair has broken major resistance 1.1030...

Dec 10, 2015 03:40 am UTC| Technicals
AUD/USD breaks below trendline at 0.72, but takes support at cloud top (0.7171) and edges higher. The pair spiked higher on upbeat Australia jobs data which showed employment change and headline data at +71.4k...
Major Asian Indices Techncials
Dec 10, 2015 02:36 am UTC| Technicals
Nikkei Nikkei has broken major support 19200 and declined till 18863. It is currently trading around 19060 level.Intra day trend is still weak as long as resistance 19200 holds Any break above 19200 will take the index...
Dec 09, 2015 15:11 pm UTC| Technicals
Gold prices recovered some ground in the early European session inching higher from 1073 levels upto 1081. Short-term bounce is expected to be limited as the commodity is likely to find strong resistance around 1085...

Dec 09, 2015 14:59 pm UTC| Technicals
The disappointment continues from OPEC member states to reach any consensus initially. The fact that members were unable to set any production limit means that a continued high level of production is likely, which will...