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BTC/USD breaks major resistance $550, targets $575/$630

Jun 03, 2016 08:53 am UTC| Technicals

BTC/USD has broken major resistance $550 and this confirms continuation of bullish trend. It is currently trading around $550.50. Short term trend is bullish as long as support $525 (7 day EMA) holds. On the...

FX Hedging Strategy Series

FxWirePro: AUD/JPY baffles at supports of 78.674 - Stay positioned with CPS for leveraging effects in puzzling trend

Jun 03, 2016 08:15 am UTC| Technicals

Last two days of slumps have tested support at 78.674 as bearish momentum is fading away. We can observe at the same levels, a Dragonfly doji pattern at 7DMA was traced out in the recent past but with a stiff resistance...

FxWirePro:FTSE100 faces resistance at 61.8% extension, good to sell on rallies

Jun 03, 2016 08:05 am UTC| Technicals

Major resistance- 6290 (61.8% retracement of 6048 and 6433) The index has retraced till 6291 on Tuesday (31st May 2016) and started to decline from that level. It is currently trading at 6243. FTSE100 should...

GBP/NZD breaks major trend line support, targets 2.000

Jun 03, 2016 06:57 am UTC| Technicals

Major Support: 2.110 (trend line joining 2.0400 and 2.1107) GBP/NZD breaks below trend line resistance today morning and declined till 2.1072. It is currently trading around 2.11036. Minor trend reversal only...

FxWirePro: Silver refrains from falling below $15.88, intraday bias remains bullish

Jun 03, 2016 06:43 am UTC| Technicals

XAG/USD is currently trading around $16.02 marks. It made intraday high at $16.03 and low at $15.93 levels. Intraday bias remains bullish till the time pair holds key support at $15.88 marks. A daily close...

FxWirePro: Watch out for more GBP/CAD bearish rout upon breach below 1.8833 - Speculate via DPS for reduced trading cost

Jun 03, 2016 06:33 am UTC| Technicals

Well, as per our prediction inn our recent write up, sideway swings on daily term have headed towards bearish business. After pair evidencing whipsaws on resistance at 1.8866 levels and the price slid below 7DMA...

CHF/JPY breaks major support 110.20, targets 108.80/108

Jun 03, 2016 06:29 am UTC| Technicals

Pattern Formed- M-Shaped Pattern Major support- 110.20 (24 th May low) The pair has broken major support 110.20 and declined till 109.60 at the time of writing. Any break below 110.20 will drag the pair down...

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