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FxWirePro: BTC/USD faces strong resistance at $425, good to buy at dips

Mar 14, 2016 07:37 am UTC| Technicals Digital Currency

Major resistance - $425 BTC/USD has broken minor resistance $415 and jumped till $421.91. It is trading around $414. Short term trend is slightly bullish as long as support $370 holds. On the lower side major...

FxWirePro: EUR/GBP resumes consolidative pattern as ECB volatility settles

Mar 14, 2016 07:30 am UTC| Technicals

EUR/GBP is posting marginal gains on the day and is currently trading above 5-DMA at 0.7763. Calendar remains absolutely data-dry, with only Euro zone industrial production on the cards. The pair has resumed...

USD/MYR fails to fall below 4.07, buy on dips

Mar 14, 2016 07:13 am UTC| Technicals

Pair is currently trading at 4.1018 levels. It made intraday high at 4.1040 and low at 4.07 levels. Intraday bias remains bullish till the time pair holds key support level at 4.07. A sustained break below...

Gold faces minor resistance around $1257, break above targets $1278

Mar 14, 2016 06:50 am UTC| Technicals

Minor trend line resistance - $1257 (trend line joining $1278.85 and $1269) Minor support - $1242 The commodity has recovered after making a low of $1247. It is currently trading around $1255. Gold is facing...

FxWirePro: EUR/JPY trades a slim 22-pips range, consolidating post ECB gains

Mar 14, 2016 06:42 am UTC| Technicals

EUR/JPY trades a slim 22-pips range as the Euro continues to consolidate post-ECB gains. The pair is struggling to hold above the 127 handle, Yen demand rises as the Japanese stocks rally loses steam. The pair...

USD/INR breaks key support at 66.93, likely to sell on rallies

Mar 14, 2016 06:31 am UTC| Technicals

USD/INR is currently hovers around 67.00 marks. It made intraday high at 67.02 and low at 66.88 levels. Intraday bias remains bearish for the moment. A daily close below 66.93 will take the parity back below...

FxWirePro: GBP/JPY faces resistance at 1.618% extension, good to sell on rallies

Mar 14, 2016 06:04 am UTC| Technicals

Major resistance 164.25 (161.8% retracement of 162.43 and 159.48) The pair has made a high of 164.09 and started to retreat from that level. It is currently trading around 163.59. Short term trend is weak as...

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