
Silver forms Big W pattern, break above $14.60 targets $15.70
Jan 28, 2016 06:30 am UTC| Technicals
Pattern Formed- Big W pattern Major resistance - $14.60 The commodity has recovered till $14.55 yesterday after slightly dovish Fed statements. It is currently trading around $14.38. Any break above $14.60...

Jan 28, 2016 05:57 am UTC| Technicals
Both daily and intraday charts pop up selling signals in this pair that may slide down it to levels of 0.9861 back again (neckline). As shown in the intraday charts, as the pair seems unlikely to break and sustain...

Gold refrain to hold above fresh 3-month high
Jan 28, 2016 05:55 am UTC| Technicals
Yellow metal hit the highest level since the beginning of November as the Federal Reserve decided to keep interest rates unchanged. Yesterday pair made high at $1127 levels and currently trading at $1120...

FxWirePro: USD/JPY retreats from session top at 118.93, further upside only on breaks above 119
Jan 28, 2016 05:43 am UTC| Technicals
Improving risk-appetite saw USD/JPY gain momentum, the pair tested 118.93 high before it found fresh offers. Doji formation seen in the Asian session, bulls unable to take the pair higher, Stochs have approached...

GBP/JPY faces trend line resistance around 169.80, break above targets 173.45.
Jan 28, 2016 05:40 am UTC| Technicals
Major trend line resistance - 169.80 (trend line joining 170.27 and 170.02) The pair is facing resistance at 169.80 and break above targets 172/173.45 in short term. Its minor support is around 168.50 and below that...
Jan 28, 2016 05:11 am UTC| Technicals
Pair is currently supported below 119.00 marks and trading at 118.60 levels. Rebound from 115.96 resumed and edges higher even though upside momentum is weak. Further upside moment is possible only above 120.33...

FxWirePro: AUD/CAD above 5-DMA, good to go long on dips around 0.9925/30
Jan 28, 2016 04:46 am UTC| Technicals
AUD/CAD is retracing from 1.0169 (multi-month highs) hit on Dec 31st, as loonie battered on oil weakness. Oil prices saw slight rebound as investors expect deal to address a global crude supply glut. OPEC and...