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FxWirePro: CAD/JPY Faces Strong Resistance at 88.68, Good to Sell on Rallies Major resistance- 88.68 (200 day MA) The pair has made a high of 88.36 yesterday and declined from that level. It is currently trading around 87.51. Short term trend is slightly bearish as long as resistance 88.70 holds...
FxWirePro: USD/CNY Remains Wells supported Above 6.49, Intraday Bias Remains Bullish Pair is currently supported above 6.49 marks and trading around 6.4933 levels. It made intraday high at 6.5030 and low at 6.4900 levels. Today PBOC sets Yuan mid-point at 6.4882 / dollar vs last close 6.4945...
FxWirePro: GBP/JPY Struggles to Break Below 160, Good to Buy at Dips Major resistance -162.60 Major support – 160 The pair has recovered yesterday after making a low of 160.01. It is currently trading around 160.75. Short term trend is still bullish as long as support 160 holds...
FxWirePro: AUD/USD Struggles at 0.77 Handle, Bias Lower Charts show scope for some downside in AUD/USD, but fundamentally it is difficult to argue for AUD downside. Rally in iron ore and steel prices, plus by oil’s resilience, argues for an extension of existing AUD speculative longs...
FxWirePro: US Oil Breaks Major Support at $43, Good to Sell on Rallies Major support - $43 Major resistance - $44.50 US oil has broken major support $43 and declined till $42.56 yesterday. It is currently trading around $42.86...
Oil: Recovery Loses Steam Ahead of API Report, FOMC Oil benchmarks on both sides of Atlantic stalled the rebound seen in the Asian session and fell back in the red zone as focus now shifts towards the weekly supplies reports and FOMC verdict...
NZD/USD Retests 0.6880 Support Turned Immediate Resistance Level Adding on to Monday's minor recovery, the NZD/USD pair has been steadily climbing higher and is inching closer to 0.6900 mark to currently trade around 0.6880 level...
US: Durable Goods Orders Projected to Rebound - TDS Research Team at TDS, expects that the US Durable goods orders are projected to rebound in March following a 3.0% decline last month. Key Quotes “TD sees an upside risk to the market consensus of +1...
EUR/GBP in the Red, Holds Above Monday’s Low The pound remains better bid versus its European counterpart in the early dealings, keeping EUR/GBP under pressure near 0.7770 region. EUR/GBP mires near six-week lows Currently, the EUR/GBP pair trades 0.08% lower at 0...
AUD/USD Hovering Around 0.7700 Mark Following its recovery back above 0.7700 mark, the AUD/USD pair has been consolidating within a narrow trading range between 0.7700 mark and 0.7730 level...
EUR/USD Dips to 1.1260 During Asian Trade After failing to extend its recovery from an intermediate support near 1.1220-15 area, the EUR/USD pair on Tuesday is trading with some minor weakness and is currently trading near 1.1260...
GBP/USD Fails to Resist Above 1.4500, US Data Eyed The GBP/USD pair struggled hard to sustain above 1.45 handle, but in vain and now hover below the last as we progress towards the European open, with UK’s mortgage approvals next on tap. GBP/USD faces stiff resistance ahead of 1...
NZD: Likely to Trade Cautiously Ahead of RBNZ - Westpac Imre Speizer, Senior Market Strategist at Westpac, suggests that the NZD is likely to trade cautiously ahead of a big week for central banks, with the RBNZ’s announcement on Thursday sandwiched between the Fed’s and the BoJ’s...
Oil prices fell more than 2 percent on Monday as data pointed to fresh U.S. crude builds, while leading banks in commodities said the two-month long oil market rebound has defied fundamentals. A Reuters poll forecast a nationwide U.S. crude build of 2...
Gold rose on Monday as a retreat in the U.S. dollar helped to tempt back some buyers after the previous session's 1.3 percent slide, but moves were muted ahead of a Federal Reserve policy meeting this week...
EURUSD Daily Forecast: April 26 2016 EURUSD Forecast The EURUSD had a moderate bullish momentum yesterday topped at 1.1278. The bias is neutral in nearest term probably with a little bullish bias. Immediate support is seen around 1.1215 area...
GBPUSD Daily Forecast: April 26 2016 GBPUSD Forecast The GBPUSD was indecisive yesterday. Price slipped above 1.4500 but still unable to stay above that area so far. The bias remains bullish in nearest term. Price is still in my “sell zone” but a clear break and consistent movement above 1...
USDJPY Daily Forecast: April 26 2016 USDJPY Forecast The USDJPY was corrected lower yesterday bottomed at 110.84 but overall still able to maintain its bullish correction bias since bounced from 107.60. The bias remains bullish in nearest term testing 112.50 area...
USDCHF Daily Forecast: April 26 2016 USDCHF Forecast The USDCHF had a moderate bearish momentum yesterday bottomed at 0.9736. The bias is neutral in nearest term but as long as stay above 0.9715 I still prefer a bullish scenario at this phase testing 0.9900 region...
