FxWirePro

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Major resistance- 158 Major support -155.75 (Resistance turned into support) The pair has broken minor resistance 157.20 and jumped till 157.87. It is currently trading around 157.45. Intraday trend is slightly bullish as long as support 156.15 holds. Any break below 156.19 will drag the pair till 155.75/155 in short term. On the higher side resistance is...

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As per our analysis Silver has outperformed gold in past one week. In the report published on 15th Apr we have mentioned that Gold -Silver ratio is 5 times above historic average.So silver is expected to perform better compared to gold. On Apr 15th Gold has trading around $1225 and jumped till $1258 yesterday. Total returns (2.67%) Similarly Silver was at...

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It is good to buy at dips around 0.8807 with SL around 0.8775 for the TP of 0.8865/0.8905

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CAD/JPY target1 achieved @ 86.35.Book partial profit

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Breaks resistance at 1.4385 levels but sustenance is questionable, but don’t jump into conclusion wait for confirmation. But for now, the bulls seem to be exhausted on minor resistance at 1.4385. Day highs were also not able to sustain and has rejected resistance at 1.4385 levels. Cable has been closely observed as has reached a supply zone at 1.4385 and there...

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Major resistance - 1.4370 (trend line resistance 1.45145 and 1.44590) Cable break major resistance yesterday and closed well above that level. It is currently trading around 1.4400. Minor trend is slightly bullish as long as support 1.4350 (7 day EMA) holds. Any break below 1.4350 will drag the pair to next level till 1.4300/1.4260. On the higher side major...

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Major resistance- 6430 (200 W MA) Major support – 6296 (55 W EMA) The index has made a high of 6471 yesterday and started to decline from that level . It is currently trading around 6375. Overall trend is slightly weak as long as index not closes above 6430 (200 day MA) level. FTSE100 major support is around 6296 and break below targets 6230/6180/6110 in...

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Major downtrend seems still robust. We had stated in our previous post that the breaches below crucial supports at 2.0054 and 1.9302 may expose towards 50% retracement. As stated earlier, the pair has now created a new bearish environment as it is slipping consistently through 7DMA. So, short term bears can consider 7DMA as resistance so as to make it the time...

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The recent bounces above 7DMA have now faced a stiff resistances at 157.178 (21DMA) and near upper trend line. Daily price slid below trend-line and 21DMA and the buying momentum is suspected from here onwards as RSI & Stochastic oscillators on intraday charts (4H) have approached overbought trajectory and signaling selling pressures. On monthly plotting, the...

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Pattern Formed- Head and Shoulder Pattern Neck line - $1217 The commodity has recovered after making a low of $1223.It is currently trading around $1247. Yellow metal jumped till $1257.88 and started to decline from that level. Gold has formed clear Head and Shoulder pattern with Head at year high around $1284.40 with left shoulder around $1263 and right...

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USD/JPY slips below 109 handle, extends downside from trendline resistance. Technicals on intraday charts point further downside. Momentum studies point south. USD weak across the board after poor housing data overnight. US housing starts fell 8.8% in March following an upwardly revised 6.9% gain in February. Sentiment across markets remains mixed, with the...

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Silver target 2 almost achieved @$17.21. Book full profits

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AUD/USD is extending downside from 10-month highs hit on Tuesday's trade as sentiment soured across markets as oil turned back in the negative territory. RBA Governor Glenn Stevens’ speech yesterday was globally focused and had no impact on the AUD. The major is likely to track risk sentiment and commodity prices as oil has clearly shaken off the Doha drop. A...

FxWirePro

Pattern Formed- Inverse Head and Shoulder pattern Major support -16200 It is good to buy at dips around 16600-650 with SL around 16200 for the TP of 18000/18200

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NZD/USD extends gains on the back of Monday's upbeat CPI data to hit fresh 9-month highs at 0.7005. The pair has broken strong trendline resistance at 0.6950 on the 4-hourly charts and is on track for further gains. Momentum studies are bullish, though Stochs at overbought suggests some caution. Should the upside play out beyond June 2015 resistance located at...

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Low risk Traders book profit in GBP/JPY Long @ 157.

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Technical Glimpse and Trade Tips: EOD technical charts have shown down-streak has now continued from yesterday’s close at 0.7920 to the current 0.7908 levels slipping below 21DMA. Break out below support at 0.7944 signals more bearish pressures (channel base and 21DMA) current prices slid below DMAs and momentum is faded away as RSI & Stochastic converge to...

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Major resistance – 85.75 Major support -84.60 (55 day 4H EMA) The pair has made a high of 85.56 in the morning and slightly declined from that level. It is currently trading around 85.46. Short term trend is bullish as long as support 84.60 holds. Any break below 84.60 will drag the pair down till 84/83.60/83 in short term. The minor support is around 85. Any...