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Rising Wedge identified at 29-Apr-20:00 2016 GMT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.447 within the next 2 days. Resistance Levels : ( B ) 1.4673Last resistance turning point of Rising Wedge. Support Levels ( A ) 1...
USD/CHF Recovery from 2-Week Lows Capped by 0.9600 The USD/CHF pair stalled its recovery from 2-week lows just ahead of 0.96 handle and fell sharply, before finding support near daily lows and now consolidates the recent downslide...
EUR/GBP Around 0.7850 on PMIs, Draghi Eyed EUR/GBP is recording moderate gains at the beginning of the week, retaking the mid-0.7800s after bottoming out near 0.7730 last week...
FxWirePro: GBP/USD Takes Support Near 1.4600 Handle, Good to Buy at Dips Major resistance – 1.4670 (Feb 4th high 2016) Major support – 1.4450 (resistance turned into support) Cable has reached Feb 4th high and slightly declined from that level. It is currently trading at 1.46057...
#USDJPY has closed the previous week with really epic losses due to the #BoJ, which refrained from new stimulus measures. #Quotes have reached 18-month lows, incidentally breaking a number of support levels. Just published at http://bit...
#Gold has closed the last week at the 15-month high due to a lower risk appetite. The precious metal has passed the resistance line in the form of the upper limit of the current rising price channel. Find out more by checking out the Source Link...
EUR/USD Hits Fresh 2016 Highs on PMIs, Nears 1.1500 Having bottomed just below 1.1450 levels, the EUR/USD pair picked-up significant strength post-European open and now clinches fresh session highs after the release of upbeat manufacturing PMI readings from the Euro zone. EUR/USD bounces-off 1...
Gold Inching Higher to Reclaim $1300 Level Risk-off sentiment across global financial markets and broader USD weakness continues to boost demand for Gold, which has now moved within striking distance of reclaiming $1300 level for the first time since Jan. 2015...
AUD: RBA Likely to Ease? – Rabobank Jane Foley, Research Analyst at Rabobank, suggests that the expectations regarding the chances of another RBA rate hike spiked higher on the back of the much softer than expected Q1 CPI report...
FxWirePro: Gold Risk Reversals Signal Upside Risks and 3-Way Straddle Versus Put to Derive Exponential Yields Gold futures for June delivery on the Comex division of the NYME have jumped again to an intraday high of $1,299...
FxWirePro: AUD/CAD Hovers Around 61.8% Fib, RBA to Influence Near Term Direction AUD/CAD is consolidating last Thursday’s drop, the pair is hovering around 61.8% Fib retrace of the Sept-Dec rally at 0...
Technical Analysis of USD/CHF for May 02, 2016 USD/CHF is expected to trade in a lower range. The pair is heading downward within its intraday declining channel in place since April 27, 2016...
Technical Analysis of NZD/USD for May 02, 2016 NZD/USD is expected to post further advance. The pair remains on the upside within a bullish channel, and it is more likely to challenge its nearest resistance at 0.7025 in the coming trading hours. The horizontal support at 0...
Technical Analysis of GBP/JPY for May 02, 2016 GBP/JPY is expected to trade with bearish bias. The pair still remains under pressure below its key resistance at 157.15. Meanwhile the relative strength index lacks strong upward momentum. As long as 157...
NZD/JPY Breaks But Hangs on Major Support at 74.143, more Bearish Scope Upto 72.883 The pair rallied upto 74.699 after testing supports at 74.143 levels. But during later stage of last week prices have dropped below DMAs after testing stiff resistance at 76...
FxWirePro: EUR/GBP Holds Above Daily Cloud After Gap up Open, Good to Go Long With a Target 0.7925 EUR/GBP has broken range trade along trendline support. Price action has edged above the daily cloud. The pair opened with a gap-up after surging past 0...
Silver Trades Well Above Major Resistance, Targets $18.45/$19 Major resistance- $17.75 (May 15th 2015) Silver has broken major resistance at $17.75 and jumped till $17.94 from that level. It is currently trading around $17.80. Short term trend is bullish as long as support $17...
USD/JPY: Solid Support from Buying on Dips – Deutsche Bank Taisuke Tanaka, Strategist at Deutsche Bank, suggests that there is a solid support for USD/JPY from buying on dips and only slight upside constraint is from the hedging...
Japan Warned by US Against Currency Devaluation - Rabobank Michael Every, Head of Financial Markets Research at Rabobank, notes that the US Treasury’s semi-annual currency report to Congress has just named Japan (along with Taiwan, South Korea, China, and Germany) as countries it is publicly warn...
