FxWirePro: AUD/USD consolidating around 0.7165 levels, outlook bullish
Mar 01, 2016 17:33 pm UTC| Technicals
AUD/USD inched higher on Tuesday as strong rebound in oil prices supported Aussie bulls. Much of the move was due strong rebound in oil prices after Wall Street rally boosted crude oil prices. Currently the pair...

FxWirePro: EUR/USD gains some upside momentum but still bearish
Mar 01, 2016 16:06 pm UTC| Technicals
The EUR/USD pair is trading as low as 1.0866 in the early the US session as the pair attracted sellers on fears of possible Brexit from Eurozone. The pair initially bounced back towards 1.0885 level. However after finding...

FxWirePro: GBP/USD fails to break resistance at 1.4015 levels, good to sell on rallies
Mar 01, 2016 15:00 pm UTC| Technicals
GBP/USD rebounded strongly towards 1.4000 earlier in mid European session. However, the pair turned back after failing to break resistance level 1.4015, as the pound ran out of strength against US dollar. The pair...

Mar 01, 2016 13:25 pm UTC| Technicals
Technical Inference: Yellow metal seems to have lost the momentum in upswings ever since it has formed a shooting star at 1228.73 levels (see red colored cirle). Thus far, weve seen the precious metal to surpass all...

Mar 01, 2016 13:20 pm UTC| Technicals
We could foresee that the recent sharp rally in the precious metals price is a selling opportunity. The gold price seems to be discounting no further Fed rate hikes this year and very little tightening next year. The...

Mar 01, 2016 12:12 pm UTC| Technicals
Major resistance - 1.0040 Major support - 0.9950 The pair has retreated after making a high of 1.00370. It is currently trading around 1.0029. Short term trend is slightly bullish as long as support 0.9950...

FxWirePro: Gold faces strong resistance at $1250, good to buy at dips
Mar 01, 2016 12:08 pm UTC| Technicals
Major resistance - $1250 (trend line joining $1263 and $1253) Major support -$1220 Gold has made a high of $1248 and started to decline from that level. It is currently trading at $1246. Short term trend is...