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GBP/USD faces strong resistance at 1.4740, break above targets 1.4800/1.4900

May 26, 2016 10:29 am UTC| Technicals

Major resistance- 1.4770 (May 3rd 2016) Major support 1.46000 Cable has jumped till 1.47394 at the time of writing and slightly declined till 1.46770. It is currently trading around 1.47013. GBP/USD has...

FxWirePro: "Bullish Gartley" formed on Copper dailies, good to buy dips

May 26, 2016 09:23 am UTC| Technicals

Copper is extending bounce off multi-month lows (not seen since Feb 15th) at 2.037 hit on May 19th. Bullish Gartley Pattern on daily charts. Techs also support upside, Stochs and RSI have rolled over from...

FxWirePro: BTC/USD consolidates in narrow range, good to buy at dips

May 26, 2016 09:15 am UTC| Technicals

Pattern Formed- Triple bottom Major support - $435 Major resistance- $451 (21 day MA) BTC/USD has made a high of $449.60 yesterday and slightly retreated from that level. . It is currently trading around...

FxWirePro: EUR/GBP slips below 0.76 handle, focus on UK GDP data

May 26, 2016 08:26 am UTC| Technicals

EUR/GBP trades below the 0.76 handle ahead of UK Q1 GDP data, renewed buying interest seen in GBP. A surprisingly upbeat data would act as a catalyst to boost demand from the British Pound. Technicals are highly...

FxWirePro: EUR/USD faces strong support at 1.1100, good to sell on rallies

May 26, 2016 08:01 am UTC| Technicals

Major Resistance- 1.12640 (55 day EMA) Major support- 1.1100 (200 day MA) Euro has taken support near 200 day MA and jumped from that level. The pair has jumped till 1.1898 at the time of writing and it is...

FxWirePro: USD/CNY hovers around 6.56 marks, a sustain break above targets 6.5790

May 26, 2016 07:35 am UTC| Technicals

USD/CNY is currently trading around 6.5605 marks. It made intraday high at 6.5608 and low at 6.5538 levels. Intraday bias remains bullish till the time pair holds key support at 6.5470 levels. A sustained...

EUR/CAD breaks major support at 1.4535, targets 1.4365/1.4300

May 26, 2016 07:17 am UTC| Technicals

Major resistance- 1.4823 (200 day MA) EUR/CAD has declined sharply yesterday after the BOC kept its interest rates on hold. The pair has broken major support 1.45395 (May 18th low) and declined till 1.45047 at the...

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