
FxWirePro: BTC/USD trades in narrow range, good to sell on rallies
Nov 23, 2015 07:12 am UTC| Technicals Digital Currency
BTC/USD has broken minor support $325 and declined till $310. It is currently trading around $321. On the downside major support is around $300 and break below targets$270/$256. The pairs minor resistance is...

FxWirePro: EUR/AUD breaks below 61.8% retracement, swing trade using fibo
Nov 23, 2015 06:27 am UTC| Technicals
The pair has retraced more than 61.8% way below 10DMA from the highs Gravestone Doji (1.6584). This has been achieved after the formation of Gravestone doji (1.5583) candle with long upper shadow. But for now we...

USD/CAD breaks major resistance 1.3380, targets 1.3450
Nov 23, 2015 06:25 am UTC| Technicals
Major trend reversal level- 1.3380 USD/CAD has broken major trend reversal level 1.3380 and break above confirms major bullishness, a jump till 1.3450/1.3500 is possible . Short term trend reversal can happen...

GBP/CAD struggles to break below 2.030, jump till 2.045 is possible
Nov 23, 2015 05:55 am UTC| Technicals
GBP/CAD has retreated till 2.02300 after making a high of 2.0360. Short term trend is still bullish as long as support 2.023 holds. On the higher side minor resistance is around 2.033 and break above targets...

FxWirePro: EUR/AUD could see retracement to 1.4400 levels, bearish setup intact
Nov 23, 2015 04:52 am UTC| Technicals
The Australian dollar held near four-month highs against a soggy euro as expectations of further easing by the ECB underpinned demand for carry trades. EUR/AUD dropped to 1.4696, its lowest since July, after shedding...

FxWirePro:EUR/USD trades lower on US Fed discount rate hike rumors, good to sell on rallies
Nov 23, 2015 04:04 am UTC| Technicals
US Fed to hold a discount rate meeting today. There is speculation that US Fed might hike discount rates by 75 bpbs. Discount rate is nothing but minimum interest rate set by US Fed for lending to other banks.The...

GBP/JPY trades below minor trend line support, targets 184.40
Nov 22, 2015 16:15 pm UTC| Technicals
Potential Reversal Zone (PRZ) - 187.30 (Trend line joining 184.30 and 185.99). The pair has broken trend line support previous week and closed well below that level. This confirms short trend reversal and a decline...