FxWirePro: Gold rises after US core durables data, outlook remains bullish
Apr 26, 2016 14:31 pm UTC| Technicals
Gold rose on Tuesday, as weaker than expected US core durables data weakened the dollar further ahead of Federal Reserve policy meeting. The bright metal is expected to reach higher levels as Federal Reserve is...
FxWirePro: EUR/USD bullish after breaking above 1.1300 levels
Apr 26, 2016 13:49 pm UTC| Technicals
EUR/USD pair rose towards 1.1290 levels on Tuesday, as the pair found strong buying interest after weak US durable goods orders. Core durable goods orders in March came below expectations, down 0.2% against forecast...
FxWirePro: GBP/USD remains bullish as rally continues
Apr 26, 2016 13:09 pm UTC| Technicals
GBP/USD inched higher on Tuesday as dollar attracted seller ahead of Federal Reserve policy meeting. The Fed is expected to hold interest rate unchanged at the meeting starting on Tuesday, but investors will be keeping a...
Apr 26, 2016 12:52 pm UTC| Technicals
Yesterday, the pair has rejected the stiff resistance at 0.9786, break-out above would have dragged little upside potential upto 0.9823. But failure swings have now facing southward targets upto 0.9713 for the day which...
Apr 26, 2016 12:19 pm UTC| Technicals
Major resistance 1.4515 (Mar 18th 2016) Major support 1.4450 (resistance turned into support) Cable has broken major resistance 1.4515 and jumped till 1.45464 at the time of writing. It is currently trading...
FxWirePro: CHF/JPY faces strong resistance at 114.65 good to sell on rallies
Apr 26, 2016 09:51 am UTC| Technicals
Major resistance 114.70 (200 4 HMA) Major support 113.40 The pair has retreated after making a high of 114.27 yesterday. It is currently trading at 113.71. Short term trend is slightly bearish as long as...
FxWirePro: Capitalize on EUR/AUD rallies to deploy shorts upon “Neckline Breach of Double Top”
Apr 26, 2016 09:50 am UTC| Technicals
On weekly chart, we spotted out a break below Neckline of Double Top at around 1.4696 levels with a bearish candle of big real body. Earlier on daily charting also, weve seen a double top formation and subsequently, the...
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