Gold breaks support at 1088, eyes 1076 levels - short around 1086 with targets 1080/1076, SL 1098
Jan 19, 2016 15:27 pm UTC| Technicals
The yellow metal initially inched higher in the early asian sessions, but rebound in the dollar and equity markets limited the upside for the metal, after data showed economic growth in chinas weakened spurring investors...

Jan 19, 2016 15:07 pm UTC| Technicals
The gold is attempting break support at 1087.40 (yesterdays lows), it seems like all chances of hitting the baseline of descending triangle once again at around 1062.23 to bounce back. However, the recent price behavior...
FxWirePro: USD/CAD heads southwards as crude oil prices rebound, but outlook still bullish
Jan 19, 2016 13:38 pm UTC| Technicals
Canadian dollar firmed against US dollar on Tuesday, after Canadian dollar gathered some momentum after crude oil price rebounded more than 3 percent after data showed Chinese oil demand hit a record high in 2015. The...
FxWirePro: GBP/USD key resistance at 1.4340, bearish in the short term
Jan 19, 2016 13:09 pm UTC| Technicals
GBP/USD gained some ground on dollar initially in the early European session after UK CPI data printed positive reading better than forecasted figures at 0.2%. However, after finding resistance at 1.4340 the pair has...

Jan 19, 2016 11:58 am UTC| Technicals
Major resistance - 168.85 (trend line joining 173.38 and 171.27) The pair has made a high of 168.85 at the time of writing and slightly retreated from that level. It is currently trading around 168.50. Short term trend...

USD/CAD breaks major trend line support at 1.4500, targets 1.4300
Jan 19, 2016 11:46 am UTC| Technicals
Major trend line support - 1.4450 (trend line joining 1.4064 and 1.4187) Loonie has broken major trend line support 1.4450 and declined till 1.44393 at the time of writing. It is currently trading around 1.4418. Short...

FxWirePro: Strong resistance for GBP/AUD at 2.0940, good to sell rallies
Jan 19, 2016 10:05 am UTC| Technicals
Pound regained lost momentum against majors after better than expected inflation figures from the UK. The UK CPI for December inched higher from 0.0% to 0.1% m/m, while on yearly basis, the figures improved to 0.2% from...