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FxWirePro: 5-DMA at 128.07 caps upside in EUR/JPY, good to go long on close above

Jan 13, 2016 05:53 am UTC| Technicals

EUR/JPY has been trading a falling channel since Aug, trend in the pair is definitely lower. For a short term trading perspective however, the pair could see some upside on close above 5-DMA. We notice the pair...

AUD/CHF breaks minor trend line resistance , targets 0.7200

Jan 13, 2016 05:35 am UTC| Technicals

AUD/CHF has recovered after making a low of 0.69215. It is currently trading around 0.7068. Major resistance - 0.7060 (trend line joining 0.73125 and 0.7252) The pair has broken major resistance 0.7060 and jumped...

USD/CAD supported above 1.42 handle, small correction expected

Jan 13, 2016 05:23 am UTC| Technicals

Pair is currently trading at 1.4237 levels after fell to 12-1/2 month low against USD. It made multi year low at 1.4314 levels. A rebound in oil prices is not coming until 2017 as markets need time to adjust to the...

FxWirePro: AUD/USD sees strong support at 0.6920/30, good to long on dips

Jan 13, 2016 04:56 am UTC| Technicals

AUD/USD has strong support at 0.6920/30 range, and the pair held trendline support to edge higher. Successive spinning top and Doji formed at lows suggest bears inability to take the pair lower. The pair has...

FxWirePro : BTC/EUR faces strong resistance around 426, good to sell on rallies

Jan 13, 2016 04:08 am UTC| Technicals Digital Currency

BTC/EUR is facing strong resistance around 426 and started to decline till 391 from that level. Short term trend is weak as long as resistance 426 holds On the higher side minor resistance is around 426 and break...

FxWirePro: BTC/USD struggles to break above $465, good to sell on rallies

Jan 13, 2016 04:05 am UTC| Technicals Digital Currency

Pattern Formed- Double Top BTC/USD has formed double top around $465 and started to decline from that level.. It is currently trading around $431. It is facing strong resistance around $465 and any further...

FxWirePro: USD/JPY eases from session highs at 118.35, good to buy dips

Jan 13, 2016 03:47 am UTC| Technicals

Positive China trade data boosted optimism in the markets, bolstering with it risk-on sentiment and supporting USD. Bid tone around the USD/JPY improves taking USD/JPY to session highs at 118.35, pair has since eased...

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