
FxWirePro: EUR/JPY breaks below 78.6% Fib at 123.38, targets 122
Apr 11, 2016 07:40 am UTC| Technicals
EUR/JPY is retreating from last weeks tops just above 128.00, and downside has broken below 78.6% Fib retrace of 122.05 to 128.22 rise at 123.37. Momentum studies continue to show further downside, pair on track to...

FxWirePro: Indian rupee strengthens against US dollar, good to sell on rallies
Apr 11, 2016 07:40 am UTC| Technicals
USD/INR is currently trading at 66.40 marks. It made intraday high at 66.54 and low at 66.33 levels. Intraday bias remains bearish for the moment. A daily close below 66.48 will drag the parity down towards...
FxWirePro: No signs of AUD recovery in 2016 amid significant geopolitical events
Apr 11, 2016 07:35 am UTC| Technicals
The rallies were extended a week ago as the AUD continued to push to fresh 2016 highs (at 0.7722) but those gains were unsustainable last week and the atmosphere seems weaker in the months to come in 2016. The majority of...

FxWirePro: USD/CAD forms Bullish Gartley Pattern, good to buy at dips
Apr 11, 2016 07:33 am UTC| Technicals
Harmonic Pattern Bullish Gartley pattern Potential Reversal Zone (PRZ) - 1.2850 The pair has declined till 1.29521 after making a high of 1.31805. It is currently trading around 1.29903. Loonie has formed...

FxWirePro: AUD/CAD holds cloud base support at 0.9787, breaks below to target 0.97 levels
Apr 11, 2016 06:33 am UTC| Technicals
AUD/CAD has broken range trade and price action has slipped into the daily cloud, hit session lows at 0.9788. Downside in the pair has found support by cloud base at 0.9787, breaks below will find next support at 0.97...

Gold breaks major resistance at $1245, jump till $1260/$1271 is possible
Apr 11, 2016 06:00 am UTC| Technicals
Major resistance - $1245 Major support -$1230 The yellow metal ahs broken major resistance around $1250 and jumped till $1252.41 at the time of writing. It is currently trading around $1249. Short term trend...

FxWirePro:NZD/CAD faces minor resistance around 0.8925, good to sell on rallies
Apr 11, 2016 05:29 am UTC| Technicals
Minor resistance 0.8970 Major support -0.8850 The pair has broken major support 0.8850 and declined till 0.88240. It is currently trading around 0.88525. Intraday trend is weak as long as resistance 0.8925...