
FxWirePro: GBP/USD forms Bullish Gartley Pattern, good to buy on dips
Jan 31, 2017 06:25 am UTC| Technicals
Pattern formed Bullish Gartley pattern. Major support - 1.24180 (Jan 24th 2017 low). Cable has broken 23.6% fibo at 1.25113 and declined till 1.24658 yesterday. The pair has formed bullish Gartley pattern in the...

FxWirePro: EUR/JPY breaks below 50-DMA, short rallies for 120.60
Jan 31, 2017 06:13 am UTC| Technicals
EUR/JPY has shown a break below major 50-DMA support at 121.72 on Mondays trade. Short-term bias in the pair has turned bearish after break below 50-DMA. Price action has dipped into daily cloud. The pair has...

FxWirePro: USD/KRW hovers around key support at 1,162, consistent close below targets 1,142 mark
Jan 31, 2017 05:54 am UTC| Technicals
USD/KRW is currently trading around 1,161 levels. Pair made intraday high at 1,165 and low at 1,161 marks. Intraday bias remains bearish till the time pair holds key resistance at 1,172 levels. A daily close...

FxWirePro: Gold trades slightly above $1200, jump till $1217 likely
Jan 31, 2017 05:46 am UTC| Technicals
Major support - $1176 (50- day MA). Major resistance - $1220 (100- day EMA) The yellow metal price inched higher and has broken pschycological resistance at $1200 on account of weaker dollar and also due to...

FxWirePro: AUD/CAD capped below 38.2% Fib, good to short rallies
Jan 31, 2017 05:41 am UTC| Technicals
AUD/CAD trades in a narrow range, intraday bias lower. The pair was rejected at 38.2% Fib retrace of 1.03975 to 0.96450 fall at 0.9933 on Monday. 20-DMA at 0.9863 is strong support on the downside, decisive break...

FxWirePro: USD/JPY capped below 5-DMA, bias bearish, stay short
Jan 31, 2017 05:19 am UTC| Technicals
Bank of Japan kept policy unchanged in line with forecasts and extended debt buying for its loan programme by 1 year. USD/JPY saw a knee-jerk spike which was quickly faded amid widespread risk-aversion. BoJ has...

FxWirePro: USD/TWD hovers around 31.40 mark, upside limited
Jan 31, 2017 05:16 am UTC| Technicals
USD/TWD is currently trading around 31.40 mark. It made intraday high at 31.47 and low at 31.32 marks. Intraday bias remains neutral till the time pair holds key support at 31.34 marks. A sustain close below...