
FxWirePro: US Oil breaks major support at $43, good to sell on rallies
Apr 26, 2016 05:36 am UTC| Technicals
Major support - $43 Major resistance - $44.50 US oil has broken major support $43 and declined till $42.56 yesterday. It is currently trading around $42.86. Any break below $43 confirms minor trend reversal,...

Apr 26, 2016 05:22 am UTC| Commentary Technicals
NZDUSD has formed 3 black crows candlestick pattern at peaks of intermediate trend, which is bearish in nature. As a result of the formation of this bearish pattern, current prices have slid below DMAs. If the Fed...

FxWirePro: Go long XAU/USD around $1235 with stop loss $1229 and target of $1247
Apr 26, 2016 05:17 am UTC| Technicals
XAU/USD is currently trading around $1236 mark. It made intraday high at $1240 and low at $1234 levels. Intraday bias remains bullish till the time pair holds immediate support at $1229 marks. A daily close...

FxWirePro: USD/JPY trades narrow range, FOMC/BOJ key focus
Apr 26, 2016 05:02 am UTC| Technicals
Nikkei selling has taken its toll on the Japanese Yen crosses, with USD/JPY re-testing lows below the 111 handle at 110.85. FOMC/BOJ outcomes, due on Wednesday US hours and Thursday Asian morning respectively will be...

FxWirePro: Indian rupee hits fresh monthly low against US dollar, key resistance falls to 66.96
Apr 26, 2016 04:50 am UTC| Technicals
USD/INR is currently trading at 66.8050 marks. It made intraday high at 66.84 and low at 66.63 levels. Intraday bias remains bullish till the time pair holds key support at 66.62 marks. A daily close below...

FxWirePro: EUR/JPY holds above 5-DMA at 124.668, weakness only on breaks below
Apr 26, 2016 04:41 am UTC| Technicals
EUR/JPY recovery from 121.71 (new 3-year lows) capped ahead of 61.8% Fib of 128.22 to 121.71 fall at 125.73. Renewed bout of risk aversion in the Asian markets sending the Japanese stocks deeper in the red amid...

FxWirePro: AUD/JPY breaks below key support at 85.70, bias lower
Apr 26, 2016 03:47 am UTC| Technicals
AUD/JPY has breached key support at 85.70 and has edged lower to hit session lows at 85.43. Renewed bout of risk aversion in the Asian markets sending the Japanese stocks deeper in the red amid strengthening...