FxWirePro

FxWirePro

Major resistance - 5020 ( trend line joining 5074 and 5036) Minor support 4975 The index has broken psychological resistance 5000 and jumped till 5017 at the time of writing. It is currently trading around 5013. On the higher side any break above 5020 will take the index to next level till 5075/5130 in short term. Minor support is around 4975 and break below...

FxWirePro

Major resistance - 165255 (200 day 4 HMA) Major support -16200 The index has broken major resistance 16525 and jumped till 16725 at the time of writing. It is currently trading around 16721. Any break above 16575 confirms minor trend reversal, jump till 16700/17000/17250 is possible . On the lower side minor support is around 16200 and break below targets...

FxWirePro

Technical Inference: Yellow metal seems to have lost the momentum in upswings ever since it has formed a shooting star at 1228.73 levels (see red colored cirle). Thus far, we've seen the precious metal to surpass all major resistances decisively in February series, 1st at 1183.69, 1200.43 and at 1225.60 where demand was seen more than supply and for now likely...

FxWirePro

GBP/JPY target achieved @ 158.70. Book full profits

FxWirePro

EUR/CAD hits multi-week lows at 1.4677, bears look relentless, scope for further downside. The pair is being taken down with high volumes, 1.450 next bear target, further downside to see 1.44 levels. Oil prices are seeing a decent recovery from Feb 11th lows of 26.03 and are currently trading at 34.19 levels. The recovery in oil is likely to keep Loonie...

FxWirePro

Major resistance - 9625 Major support - 9500 It is good to buy DAX30 around 9660-9670 with SL around 9525 for the TP of 9797/9925

FxWirePro

FTSE100: Target 1 achieved @ 6129. Book partial profits

FxWirePro

Major support – 6040 (55 day H EMA) Major resistance – 6103 (trend line joining 6116 and 6106) The index has formed a temporary bottom around 6040 and started to recover from that level. It is currently trading around 6079. On the lower side any break below major support 6040 will drag the index down till 6000/5970. Short term bullish invalidation only below...

FxWirePro

The pair has broken major supports 1st at 1.5496 and then at 1.5269 levels after the formation of shooting star at 1.5923 on weekly plotting. Amid this bearish journey we see 21DMA has crossed over 7DMA on daily chart and it is dragging towards next support at 1.5103 levels, we think bears taking absolute control from here onwards as there is no signs of strong...

FxWirePro

Major resistance - $34.70 (trend line joining $34.78 and $34.66) Major support - $33.25 USOIL has recovered after making a low of $32.31. It is currently trading around $34.22. Major resistance is around $34.70 and any break above will take the commodity to next level $36.50/$40 in short term. On the lower side major support is around $33.25 and any break...

FxWirePro

Major resistance – 158.75 (trend line joining 175.01 and 173.55) Minor resistance -156.85 Minor support -156.20 The pair has slightly recovered after making a low of 156.20. It is currently trading around 156.98 It has broken minor resistance 156.85 which confirms minor trend reversal, a jump till 158.50 is possible. On the lower side any break below 156.20...

FxWirePro

After breaking supports at 0.9747 bears have more intensive trading sentiments (see a bear candle with big real body). Apparently, it has tested channel line support at 0.9616 however, the price bounces from here onwards seems quite unlikely as there is no substantial confirmation from any other indicators or price patterns. The RSI oscillator is a clear...

FxWirePro Updated 

We see strong resistance for AUD/JPY at 82.0 levels, multiple rejections seen at that level. The pair has edged lower after rejection at 82.01 and is currently trading around 81.52 levels. Techs on hourly charts biased lower: - 5-DMA bearish crossover on 10-DMA - Stochs and RSI rolledover from overbought territory, point south - MACD histogram below zero with...

FxWirePro Updated 

EUR/JPY recovery from multi-year lows at 122.45 (last seen in Apr 2013) was capped at 125 on Friday's trade. The pair has slipped 5-DMA at 123.90, and finds next strong support at 123.20 (wedge base). Doji formation evidenced on Friday's trade, pair unable to take recovery beyond the 125 handle. Price action well below the cloud and major moving averages...

FxWirePro

Shooting star candle pattern formed at 32.78 after three weeks of uptrend. This bearish pattern is traced out after rejecting resistance at 34.69 levels where it has recently shown a strong demand & supply zone(see yellow circled area). It has cleared the one more crucial supports at 33.47 amid the formation of this pattern. The leading technicals indicators...

FxWirePro

AUD/CAD has taken channel base support at 0.9615 and edged higher to currently trade at 0.9705. RSI has turned North from oversold levels and daily Stochs has shown a bullish crossover. Price action is however below the cloud, with cloud base at 0.9741 offering strong resistance on the upside. Breaks below channel base at 0.9615 cloud see next support at 0.9596...

FxWirePro

USDCAD has been holding tight in the range of 1.3554-1.3505 range, in this process the pair evidenced a whipsaw pattern on 7MA and 21MAs. But considering previous downswings, it has shown a decisive break out above this range with a big real body bull candle followed up by a resembling dark cloud pattern (see red coloured circle area), it is now on the verge of...

FxWirePro

USD/JPY's downtrend may persist despite the upbeat prints of GDP QoQ at 1% vs forecasts at 0.4%, but this week's manufacturing PMIs would give in more insights of U.S. trades, until then we could keep foreseeing some bearish sensation. After testing the resistance of 113.129 (7MA) it has rejected from then with bearish candle patterns to signify more weakness at...