FxWirePro: EUR/GBP faces strong resistance around 0.7360, good to sell on rallies
Sep 16, 2015 12:22 pm UTC| Technicals
RES 4 : 0.7420 (Aug 24th high) RES 3: 0.7395 ( Sep 1st high) RES 2: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES1 0.7320 (20 day 4 HMA) PRICE: 0.7270@ 12:20 GMT SUP 1: 0.7240...
FxWirePro: USD/CAD finds support at 1.3210, buy deals are recommended above 1.3220
Sep 16, 2015 12:07 pm UTC| Technicals
USD/CAD slipped backwards after breaking support level at 1.3227 in the early European session. However, after finding support at 1.3210 levels the pair has rebounded strongly to trade around 1.3241 levels. The pair...
Sep 16, 2015 12:04 pm UTC| Technicals
USD/JPY is consolidating between 119.60 and 120.65 for the past two trading session on account of FOMC meeting which is to be held on Sep 17th 2015. Any further movement can happen above or below this level. On the lower...
FxWIrePro : Silver takes support near trend line support around $14.30, good to sell on rallies
Sep 16, 2015 11:57 am UTC| Technicals
Silver has taken short term trend line support around $14.30 and recovered from that level. It is currently trading at $14.54. The commodity is facing strong support around $13.99 and any break below will drag the...
FxWirePro: EUR/GBP slammed further, 200-HMA at 0.7311 flips to resistance
Sep 16, 2015 11:56 am UTC| Technicals
Euro is relentlessly offered across the board amid ripening risk sentiment ahead of the US inflation data The single currency came under renewed selling pressure after the Eurozone CPI figures disappointed markets,...
FxWirePro: USD/CAD extends consolidation phase, overall bias higher
Sep 16, 2015 11:34 am UTC| Technicals
USD broadly offered as market drifts on position adjustment ahead of FOMC, while oil rose on after an unexpected drawdown in U.S. stockpiles USD/CAD trades in a tight range as market participants largely on sidelines...
FxWirePro: Gold consolidates in narrow range, good to sell on rallies
Sep 16, 2015 10:18 am UTC| Technicals
Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...