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FxWirePro: Gold faces strong support around $1070, good to buy at dips

Nov 11, 2015 07:29 am UTC| Technicals

Major demand Zone - $1080-85. Gold has recovered till $1095 after making a low of $1085. It is currently trading at $1092. Short term bounce back till $1120 is expected as long as support $1078 holds. On the...

FxWirePro: USD/JPY faces strong support around 122.50, good to buy at dips

Nov 11, 2015 06:39 am UTC| Technicals

USD/JPY has retreated till 122.71 after making a high of 123.60. Short term trend is bullish as long as support 122.48 holds. Any break below 122.48 will drag the pair till 121.99/121.80 in short term. On the...

FxWirePro: BTC/USD faces strong support around $300, good to sell on rallies

Nov 11, 2015 06:33 am UTC| Technicals

BTC/USD has made a low of $300 today at the writing and is currently trading around $314. Short term trend is still bearish as long as resistance $370 holds. On the downside major support is around $300 and break...

GBP/AUD consolidates in narrow range, market eye UK jobs data

Nov 11, 2015 05:52 am UTC| Technicals

GBP/AUD has made a low of 2.1130and recovered from that level. Overall trend is still weak as long as resistance 2.175 holds. Market awaits UK jobs data which is to be released today for further direction. In UK...

FxWirePro: GBP/JPY consolidates in narrow range, good to buy at dips

Nov 11, 2015 03:44 am UTC| Technicals

Potential Reversal Zone (PRZ)- 186.50. GBP/JPY faces resistance around 186.50 and break above will confirms short term bullishness.The pair is currently trading around 186.42. Overall trend is bullish as long as...

Loonie faces strong support at 1.3246,break below targets 1.3135

Nov 11, 2015 02:49 am UTC| Technicals

Harmonic pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) -1.3300 Any break above 1.3300 will take the pair till 1.3320 /1.3500 in short term. The pair is facing strong support around 1.32460 and...

FxWirePro: GBP/USD key resistance level at 1.5229, bearish in the short term

Nov 10, 2015 18:28 pm UTC| Technicals

GBP/USDrecovered some ground to trade around 1.5143 levels in the early US session session after rebounding from 1.5100 levels. The cable is currently trading in a choppy range in oversold condition and a short squeeze...

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