
FxWirePro:CAD/JPY trades weak on weaker than expected GDP, good to sell on rallies
Jun 01, 2016 06:54 am UTC| Technicals
Major support- 84.50 (trend line joining 82.90 and 83.89) Major resistance 85.50 (May 31st high) CAD/JPY has declined after making a high of 84.85 yesterday on weaker than expected Canadian GDP...

FxWirePro: NZD/JPY rejected at channel top, sell rallies, target 73.80
Jun 01, 2016 06:21 am UTC| Technicals
NZD/JPY was rejected at channel top by 75.45 and has slipped lower to hit session lows of 74.44. Technicals on 4H charts support further downside in the pair, RSI, Stochs biased lower and MACD line shows bearish...

US oil forms M-Shaped pattern, good to sell below $48.60
Jun 01, 2016 06:16 am UTC| Technicals
Pattern Formed -M- shaped pattern Major support $48.60 US oil has jumped till $50.08 yesterday but not able break above $50.18 high made on May 26th 2016. The recent rally in WTI crude was fuelled by...

FxWirePro: Silver faces strong support at $16.88, a sustain break below targets $15.62
Jun 01, 2016 06:09 am UTC| Technicals
XAG/USD is currently trading around $15.98 marks. It made intraday high at $16.05 and low at $15.94 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 marks. A daily close...

FxWirePro: USD/INR remains well supported below key resistance at 67.32, downside limited
Jun 01, 2016 05:33 am UTC| Technicals
USD/INR is currently trading around 67.12. It made intraday high at 67.28 and low at 67.12 marks.. Today India released Nikkei Markit Manufacturing PMI data to 50.7 m/m vs 50.5 m/m previous release. Intraday...

Jun 01, 2016 05:29 am UTC| Technicals
The Aussie dollar jumped as the 1.1% gain in Q1 GDP is a stronger result than forecasted at 0.6% (previous 0.7%) and suggests that the economy is weathering the downturn in mining investment well. Solid consumer spending...

FxWirePro: Gold faces strong resistance at 10 day EMA, good to sell on rallies
Jun 01, 2016 05:15 am UTC| Technicals
Major resistance- $1230 (10 day EMA) The yellow metal has jumped till $1219.81 today morning and started to slightly decline from the level. Golds major resistance around $1230 (10 day EMA) and any slight...