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FxWirePro: GBP/USD forms bullish Butterfly pattern, good to buy at dips

Dec 18, 2015 07:03 am UTC| Technicals

Harmonic Pattern Formed- Bullish Butterfly Pattern Potential Reversal Zone (PRZ) -1.4865 Bullish Butterfly pattern gets invalid only below 1.4865. A break below 1.4865 will drag the apir down till...

FxWirePro: Strong resistance for EUR/JPY around 132.80, good to sell rallies

Dec 18, 2015 06:42 am UTC| Technicals

Sell-off in Yen post BoJ meeting proved to be short-lived, EUR/JPY spiked to 133.77 levels, but the spike was quickly sold off. BOJ earlier today kept monetary policy steady as expected. It pledged to increase monetary...

FxWirePro: BTC/USD faces strong resistance around $465, break above targets $480/$500

Dec 18, 2015 06:20 am UTC| Technicals Digital Currency

Major resistance - $465 The pair is consolidating within narrow range between $465 and $436. It is currently trading around $446. Short term trend is still bullish as long as support $425 holds. Any break...

FxWirePro: S&P 500 forms Bullish BAT Pattern, good to sell on rallies

Dec 18, 2015 06:03 am UTC| Technicals

Harmonic Pattern Formed- Bullish BAT Pattern Potential Reversal Zone (PRZ) -2116 The index has pared its gains after making a high of 2081. It is currently trading around 2028. Short term trend is still...

FxWirePro: AUD/USD takes channel support at 0.7096, good to buy dips

Dec 18, 2015 05:03 am UTC| Technicals

AUD/USD retakes 0.71 handle, recovery gains momentum into European Session. Rebound seen in gold prices likely supporting the Aussie, recovery may be short lived as USD likely to see further strength. Pair has...

FxWirePro: USD/JPY hits 2-week highs after BoJ policy decision, close above 21-DMA paves way for further gains

Dec 18, 2015 04:16 am UTC| Technicals

USD rises more the 0.6 pct vs yen, hits a 2-week high of 123.54 after BOJ kept monetary policy steady and pledged to increase monetary base at annual pace of 80 trln yen. The c.bank to increase purchases of ETFS,...

Nikkei recovers after making a low of 19198, good to buy at dips

Dec 18, 2015 03:35 am UTC| Technicals

Nikkei has retreated after making a high of 19537 and declined till 19198. It is currently trading around 19335. The index has broken major resistance 19300 just now a jump till 19500 is possible . The major...

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Technology

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