
GBP/USD breaks major resistance at 1.23800, jump till 1.2440/1.2520 likely
Mar 17, 2017 09:09 am UTC| Technicals
Major resistance 1.23800 (Support turned into resistance) Cable rallied sharply post Fed meeting and further supported by BOE monetary policy which was held yesterday. BOE has kept its interest rates unchanged...

FxWirePro: Turkish lira strengthens against U.S. dollar, bias remains bearish
Mar 17, 2017 07:42 am UTC| Technicals
USD/TRY is currently trading at 3.6151 levels. It made intraday high at 3.6305 and low at 3.6011 levels. Intraday bias remains bearish till the time pair holds key resistance at 3.6924 marks. Key resistances...

FxWirePro:Sell GBP/JPY on rallies
Mar 17, 2017 07:15 am UTC| Technicals
Major resistance 140.40-140.60 (trend line joining 140.75 and 140.53) GBP/JPY has shown a massive jump yesterday after hitting low of 138.56 level. It is currently trading around 140.12. The pair upside will be...

Mar 17, 2017 07:13 am UTC| Technicals
On daily plotting, shooting star and gravestone doji patterns occurred at 139.570 and 139.425 levels respectively. The current price behavior is forming anasymmetric triangle pattern. The bulls have been taking support...

FxWirePro: USD/CNY jumps above 6.90 mark, PBOC sets yuan mid-point at 6.8873
Mar 17, 2017 06:52 am UTC| Technicals
USD/CNY is currently trading around 6.9023 marks. It made intraday high at 6.9028 and low at 6.8949 levels. Intraday bias remains bullish till the time pair holds key support at 6.8949 mark. A sustained...

FxWirerPro: Gold downside capped by 100 –day EMA, good to buy on dips
Mar 17, 2017 06:00 am UTC| Technicals
Major resistance - $1237 (61.8% retracement of $1263.95 and $1196). Gold rallied to highest finish in two weeks yesterday on account of dovish Fed and weak dollar. The yellow metal broken major resistance at $1230 and...

Mar 17, 2017 05:57 am UTC| Technicals
On thedaily chart, theprevious uptrend that was begun ever since the formation of dragonfly doji is now absolutely exhausted after the formation of bearish engulfing pattern causes slumps way below DMAs. Bearish...