FxWirePro: Buy AUD/USD only above 0.7170 with SL around 0.7125 for the TP of 0.7248/0.7295
Sep 01, 2015 03:45 am UTC| Technicals
Aussie is facing trend line resistance around 0.7170 and any break above would extend gains till 0.7250/0.7300. On the downside minor support is around 0.7080 and break below targets 0.7030/0.7000. It is good to...
Sep 01, 2015 03:02 am UTC| Technicals
Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out . On the downside major support is around 1.3050 and any break below 1.3050 will drag...

FxWirePro: Buy WTI, targeting $53/barrel
Aug 31, 2015 15:35 pm UTC| Technicals
After massive 10 week decline oil has posed overwhelming comeback in the last two days of the previous week, where price jumped as much as much as 18%. Though most of the Bull Run can be attributed to short covering, we...
FxWirePro: USD/JPY approaching resistance level at 121.38, buy deal are recommended around 120.80
Aug 31, 2015 14:32 pm UTC| Technicals
USD/JPY is approaching to test resistance level at 124.38. The support level at 120.59 is massively strong and set to hold the bears from falling further below pair are set to continue its bullish momentum in the short and...

FxWirePro: Gold might test $1160 area
Aug 31, 2015 14:03 pm UTC| Insights & Views Commentary Technicals
While fundamental is still against Gold, given a rate hike from FED, looming ahead and low inflationary environment. Moreover low volatility environment is not suitable for gold bugs, as gold remains clearly out of...
Aug 31, 2015 13:22 pm UTC| Technicals
The euro area recovery remains fragile and the risks to growth and especially, inflation remain tilted to the downside. Since the last policy meeting in July, effective appreciation of the EUR, falling commodity prices,...
FxWirePro: GBP/USD key resistance at 1.5458, bearish in the short term
Aug 31, 2015 13:21 pm UTC| Technicals
The cable has recovered some ground, from Fridays close, to to form daily high at 1.5435. GBP/USD has failed to show any bullish momentum above 1.5435, and is slipping further downwards to test interim support level at...