
FxWirePro: DAX recovers after making a low of 9350, good to buy at dips
Feb 04, 2016 08:15 am UTC| Technicals
Major support - 9250 (Jan 20th low) The index has recovered till 9622 at the time of writing after making a low of 7350. It is currently trading at trend is slightly bullish as long as support 9250 holds. On the...

FxWirePro: BTC/USD trades in narrow range, good to sell on rallies
Feb 04, 2016 07:43 am UTC| Technicals Digital Currency
BTC/USD is trading in narrow range $380-$364 for the past two trading session. It is trading around $373. Intraday trend is weak as long as long as resistance $402 holds. On the higher side any break above $402 will...

Feb 04, 2016 07:43 am UTC| Technicals
Today it would be a hectic day for the Bank of England as it has to deliver two important policy decisions, MPC minutes and the Inflation Report. In between, the central bank will likely keep interest rates at 0.5%. The...

EUR/USD breaks major resistance 1.1060, targets 1.1280
Feb 04, 2016 07:22 am UTC| Technicals
Major resistance -1.1060 (Dec 15th 2015 high) The pair has broken major resistance and jumped till 1.11455. It is currently trading around 1.10720. Short term trend is bullish as long as support 1.1000 holds. Any...

Feb 04, 2016 06:37 am UTC| Technicals
We are bearish on NZD for 2016 and forecast NZD/USD at 0.60 by Q1 16 and 0.62 by Q4 16. NZD/JPY at 75.786 by Q1 16 and 74.50 by mid-Q2 16. Although policy de-synchronization will remain a headwind for NZD as short rate...

Silver breaks major resistance $14.60 targets $15.70
Feb 04, 2016 06:27 am UTC| Technicals
Pattern Formed- Big W pattern Major resistance - $14.60 The commodity has broken major resistance $14.60 and jumped till $14.78. It is currently trading around $14.63 Any break above $14.60 will confirm...

FxWirePro: GBP/JPY struggles to close above 200 day 4HMA, good to sell on rallies
Feb 04, 2016 06:13 am UTC| Technicals
Major support - 171.50 (Kijun-Sen) Major intraday resistance -172.55 The pair has made a high of 173.75 and started to retreat from that level. It is currently trading around 171.81. On the downside major...