
FxWirePro: EUR/GBP confined to narrow 15 pip range, UK retail sales data in focus
Oct 20, 2016 06:53 am UTC| Technicals
EUR/GBP has been confined to a narrow 15 pip range in the Asian session. UK retail sales data will be the last major release before the first estimate of GDP growth in Q3 is due next week. Markets will look...

FxWirepro:GBP/JPY trades in channel pattern, good to buy on dips
Oct 20, 2016 06:47 am UTC| Technicals
Major support - 126.60 (trend line joining 125.98 and 126.26). Major resistance- 128.60 (trend line joining 127.70 and 127.89). GBP/JPY has once again recovered after making low of 126.60. It is currently trading...

Oct 20, 2016 06:46 am UTC| Technicals
After the last two sessions of yesterday, the pair hasnt been moving anywhere beyond 127.421 northwards nor even 127.172 on southwards. Bears have been drifting in sideways, both leading and lagging indicators to...

FxWirePro: USD/CNY hovers around 6.74 mark, PBOC sets yuan mid-point at 6.7311
Oct 20, 2016 06:30 am UTC| Technicals
USD/CNY is currently trading around 6.7399 marks. It made intraday high at 6.7407 and low at 6.7295 levels. Intraday bias remains bullish till the time pair holds key support at 6.7055 marks. On the top...

FxWirePro: AUD/CAD finds major support at 1.0047, weakness only on break below
Oct 20, 2016 06:12 am UTC| Technicals
AUD/CAD retreats from four-week highs of 1.0157, after Aussie tanked across the board on dismal jobs data. The pair finds strong support at 1.0047 (20-DMA), weakness only on break below. Our previous call...

FxWirePro: Gold trades slightly above 200- day MA, good to buy on dips
Oct 20, 2016 05:46 am UTC| Technicals
Major resistance - $1265 (200- day MA). Gold jumped slightly after a continuous downtrend on account of ECB monetary policy meeting . It is currently trading around $1271.60. The yellow metal climbed to the...

FxWirePro: Prefer to go short on XAG/USD around $17.70 with stop loss at 17.75 and target of $17.52
Oct 20, 2016 05:39 am UTC| Technicals
XAG/USD is currently trading around $17.68 marks. It made intraday high at $17.72 and low at $17.63 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $17.75 marks. A...