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GBP/CAD breaks minor resistance 2.012, targets 2.020/2.027

Nov 11, 2015 11:07 am UTC| Technicals

GBP/CAD has made a low of 1.9908 and recovered from that level. It is currently trading around 2.0120. The pair is facing strong resistance around 2.1200 and break above targets 2.0200/2.0270. On the downside...

FxWirePro: CAD/JPY faces strong resistance around 93.25, good to buy at dips

Nov 11, 2015 11:02 am UTC| Technicals

CAD/JPY faces strong resistance around 93.25 and any bullishness can be seen only above 93.25. Any break above 93.25 will take the pair to new level 94/94.50 level. On the downside minor support is around 92.60 and...

FxWirePro: GBP/USD retreats after UK Jobs data, good to buy at dips

Nov 11, 2015 10:12 am UTC| Technicals

GP/USD has retreated after making a high of 1.5180 at the time of writing after release of UK jobs data. UK Oct Claimant count Unemployment change decreased to +3.3K vs Prev +4.6K but it is slightly less than...

FxWirePro: S&P500 shorter term outlook – Buy targeting 2110

Nov 11, 2015 09:54 am UTC| Technicals

As suggested yesterday in US equity sell-offs may not gain momentum, due to lack of major risk aversion in the market, seem to be playing out. After Mondays big sell-off of more than 1%, failed to gain traction. This is...

FxWirePro: CAD/JPY faces strong resistance around 93.25, good to buy at dips

Nov 11, 2015 09:23 am UTC| Technicals

CAD/JPY faces strong resistance around 93.25 and any bullishness can be seen only above 93.25. Any break above 93.25 will take the pair to new level 94/94.50 level. On the downside minor support is around 92.60 and...

FxWirePro: Gold faces strong support around $1070, good to buy at dips

Nov 11, 2015 07:29 am UTC| Technicals

Major demand Zone - $1080-85. Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092. Short term bounce back till $1120 is expected as long as support $1078 holds. On the...

FxWirePro: USD/JPY faces strong support around 122.50, good to buy at dips

Nov 11, 2015 06:39 am UTC| Technicals

USD/JPY has retreated till 122.71 after making a high of 123.60. Short term trend is bullish as long as support 122.48 holds. Any break below 122.48 will drag the pair till 121.99/121.80 in short term. On the...

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