
FxWirePro:EUR/USD trades below trend line support, dip till 1.06579 likely
Jan 26, 2017 10:24 am UTC| Technicals
Major resistance 1.0815 (161.8%retraceemnt of 1.07196 and 1.05891). EUR/USD has broken major trend line support at 1.07400 and closed slightly below that level in the hourly chart. It is currently trading around...

FxWirePro:USD/CAD forms Bullish BAT Pattern, good to buy on dips
Jan 26, 2017 09:52 am UTC| Technicals
Pattern Formed Bullish Bat pattern Potential Reversal Zone -1.3000 The pair has formed Bullish BAT Pattern in the hourly chart and any slight weakness can be seen only below 1.3000 level. Loonie made a low...

FxWirePro: USD/CNY jumps above 6.88 mark, PBOC sets yuan mid point at 6.8588
Jan 26, 2017 07:51 am UTC| Technicals
USD/CNY is currently trading around 6.8797 marks. It made intraday high at 6.8835 and low at 6.8684 levels. Intraday bias remains neutral for the moment. A sustained close above 6.8811 marks will test key...

FxWirePro: EUR/JPY holds cloud support, weakness only on break below
Jan 26, 2017 07:47 am UTC| Technicals
EUR/JPY finds strong support by daily cloud at 121.35, weakness only on break below. The pair struggles to close below 50-DMA currently at 121.63. Violation at 50-DMA would allow slippage to the 121.37 (38.2% Fib...

CAD/JPY breaks trend line resistance, targets 88.90
Jan 26, 2017 07:08 am UTC| Technicals
Major resistance 86.60 (trend line joining 88.66 and 88.21). Major support 86.27 (200 H MA). CAD/JPY breaks major trend line resistance at 86.60 and jumped sharply from that level. It is currently trading...

FxWirePro: EUR/GBP capped below 50-DMA, focus on UK Q4 GDP
Jan 26, 2017 07:07 am UTC| Technicals
EUR/GBP has broken major supports at 0.86 (major trendline) and 0.8521 (50-DMA). Intraday bias lower, the pair is on track to test 200-DMA at 0.8402. UK PM May will publish the bill to trigger Brexit, which will...

Jan 26, 2017 06:54 am UTC| Technicals
USD/ZAR is currently trading around 13.24 levels. It made intraday high at 13.26 and low at 13.21 levels. Intraday bias remains neutral till the time pair holds key support at 13.21 mark. A daily close...