FxWirePro

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The pair rallied from 75.181 to 82.688, but does not manage to sustain previous crucial supports at 80.250 or 80.150 regions. The formation of bearish patterns like hanging man and doji candles at 81.648 and 81.923 levels on weekly and daily charts respectively still signifies weakness at current juncture. The RSI oscillator is clearly converging to the price...

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GBP/USD has recovered from low of 1.5154 till 1.5197 after release of UK CPI data. UK Core CPI( Y-O-Y) is at +1.1% Versus forecast of +1% and Relative price index (RPI) Y-O-Y came at 0.7% compared to forecast of 0.9%. Strong core CPI data gives pound a slight pullback from its low of 1.5150 level but upside is limited due to softer RPI data Technically Cable...

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Intraday Potential Reversal Zone (PRZ) -1.33180 USD/CAD has made a high of 1.3370 and retreated till 1.33193 from that level. It is currently trading around 1.33259. It is facing major support around 1.33180 and any break below targets 1.3290/1.3267 level. On the higher side minor resistance is around 1.3350 and break above targets 1.3370/1.3400 level. It is...

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USD/CHF has broken 1.01250 , a jump till 1.0240/1.0300 is possible . Short term weakness only below 1.0750

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EUR- Weak currency USD - Strong currency Good to short on EUR/USD(Weak

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Aussie dollar after long lasting losing streak that has begun from July, it is now making an attempt of recovery a bit as both technical and fundamental indicators are signaling buying sentiments. On daily chart, despite forming a shooting star pattern on rallies, bulls have been disregarding and managed to breach the crucial resistance at 1.0928 levels (see blue...

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Potential Reversal Zone (PRZ) -1.0660 EUR/USD breaks trend line support 1.0660 (trend line joining 1.08180 and 1.06740) and is currently trading around 1.06580. Markets eye German ZEW and US CPI for further direction. German ZEW is expected to increase to 8.4 from 1.9. The indicator has been declining throughout 2015.The pair is expected to show a slight jump...

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NZD/USD bear signs upped on clean break of 0.6500 support, price action dives below the cloud Test of 0.6420 levels likely after global dairy auction to be held early on Wed. Dairy prices were down for the 2nd consecutive auction earlier this month and dairy futures suggest a 10 percent fall at Wednesday's auction Immediate resistance for the pair is seen at...

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Pattern formed –Triple Top Potential Reversal Zone (PRZ)- 2.033 GBP/CAD has once again retreated after making a high of 2.0325 level. It is currently trading around 2.02390. Market eyes UK CPI data which is to be released today for further direction. UK inflation data from ONS is expected to remain unchanged at -0.1% Y-O-Y in Oct and Core CPI is seen steady at...

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Potential Reversal Zone (PRZ) -187.70 GBP/JPY has made a high of 187.48 at the time writing and slightly declined from that level. Further bullishness can be seen only above 187.70 and break above targets 188.25/189 . On the downside minor support is around 187 and break below targets 186.40/185.70 It is good to sell on rallies around 187.35-40 with SL around...

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Potential Reversal Zone (PRZ)- 1.0125 USDC/CHF has closed above 1.0760 (127% retracement of 0.9902 and 0.9259) and this confirms minor bullishness , a jump till 1.01250 is possible . The further bullishness can be seen only if it breaks 1.0125 and any break above will take the pair to 1.0240/1.0300 (161.8% retracement of 0.9902 and 0.9259). On the downside...

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The EUR/USD pair opened today with gap and started to decline in the Asian session, as the euro was broadly sold across the board in the aftermath of Paris atrocities. As a result the major European currencies also have continued to weaken. The EUR/USD pair broke below 1.0700 levels during late American trading hours, by hitting a fresh 1 week low around 1.0680....

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We had earlier also traced out bearish indications to head towards 1.4355 and even the levels up to 1.4150. As the highs of 1.4387 are once again rejected at trendline resistance (see circled area). For now the pair is the most likely to retest 1.4182 contemplating significant support for bulls at these levels. We believe if it holds these levels then healthy...

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EUR/USD has made a high of 1.08290 on Thursday and retreated from that level. It is currently trading around 1.07287. Overall trend is still weak as long as resistance 1.0830 holds. The pair’s major support is around 1.0660 and break below targets 1.0600 On the higher side major resistance is around 1.0830 and any break above targets 1.0900/1.100.The pair’s...

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AUD - Stronger currency NZD, CHF , EUR- Weaker Currency Slightly Bullish- JPY, GBP Good to Buy USD/CAD at dips

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Both Intraday and EOD charts signal flaws in this pair that would plunge down upto 0.9452 levels. The bearish candles have been flooding from last Friday including spinning top and Doji occurred at 0.9493 and 0.9492 respectively. The RSI oscillator is a clear downward convergence with the steep declining prices. While strong signs of selling pressure on slow...

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EUR/GBP fell to three-month low of 0.70227 after Paris terror strikes, but the pair was rejected at lows, has edged above the trend-line support at 0.7040 and is currently trading at 0.7067 Hanging man formation seen on daily charts, confirms uptrend, daily Stochs are at oversold levels, waiting for some unwinding to happen, close above 0.7040 will buoy bulls In...

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Harmonic Pattern formed- Bearish BAT Pattern Potential Reversal Zone (PRZ)-0.9550 Any break above PRZ will take the pair to 0.9578/0.9620 level. On the downside minor support is around 0.9450 and break below targets 0.9400/0.9340. It is good to sell on rallies around 0.9515-20 with SL around 0.9550 for the TP of 0.9400