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FxWirePro: USD/CAD hits new 11-year high on weak crude oil prices, good to buy at dips

Dec 11, 2015 07:24 am UTC| Technicals

USD/CAD has gained today till 1.3660 to new 11 year high as oil hits New Year low of $36.38/bl yesterday. WTI Crude Oil has broken previous low of $37.63 and declined till $36.38 (2015 low). The pair has broken major...

FxWirePro: Watchout for AUD/NZD breaks above 1.0823 for further bullishness

Dec 11, 2015 07:13 am UTC| Technicals

AUD/NZD bears unable to push the pair below 1.0707 (a double bottom tested on 9th and 10th Dec). Price action has re-entered hourly cloud and on the day AUD/NZD has been supported by cloud base at 1.0728, daily...

BTC/EUR faces trend line resistance around 390, break above targets 422

Dec 11, 2015 07:08 am UTC| Technicals Digital Currency

BTC/EUR has made a low of 366 and recovered from that level. It is currently trading around 383.70. On the higher side minor resistance is around 390 (trend line joining 320.69 and 362.77) and break above targets...

BTC/USD faces strong resistance around $425, break above targets $450/$480

Dec 11, 2015 06:33 am UTC| Technicals Digital Currency

Major resistance - $425 The pair has made a high of $424.95 and declined till $400. It is currently trading around $422. Any break above major resistance confirms minor trend reversal a jump till $450/$480 is...

FxWirePro: GBP/JPY in antagonistic intermediate trend – spinning tops break support, active bears target 183.375

Dec 11, 2015 06:09 am UTC| Technicals

GBPJPY sends bearish message upon the formation of back to back spinning top pattern candles to break support at around 184.30 levels on daily chart. No isolating analysis again..!! This signal, considering previous...

FxWirePro: Strong resistance for NZD/USD at 0.6773, good to sell rallies

Dec 11, 2015 05:47 am UTC| Technicals

Strong trendline resistance for NZD/USD is seen at 0.6773, pair has been rejected at highs by 0.6782 in Thursdays trade. NZD/USD hits session lows at 0.6735 on weakness in oil prices and downbeat NZ consumer...

FxWirePro: EUR/USD forms Bullish Cypher Pattern, good to sell on rallies

Dec 11, 2015 05:42 am UTC| Technicals

Harmonic Pattern- Bullish Cypher Pattern Potential reversal Zone (PRZ) -1.10450 The bullish cypher pattern becomes invalid only if it breaks above 1.10450. The pair has made a low of 1.09257 after making a...

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