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USD/CHF Trade idea

Oct 27, 2016 11:58 am UTC| Technicals

Candle Stick pattern formed Shooting Star The pair jumped sharply till 1.000 on 25th Oct and declined sharply from that level. It is trading around 0.99336. Short term trend is weak as long as resistance 1.000...

FxWirePro: Whipsaws in EUR/CHF upswings, mounting selling interests as buying momentum shrinks away, October ensures to prolong major sideway trend

Oct 27, 2016 10:01 am UTC| Technicals

On intraday charts (4H charts), despite the upswings in thelast couple of trading sessions, we traced out a long legged doji pattern at 1.0836 levels after testing resistance at this juncture in the recent times that...

FxWirePro:EUR/USD faces strong resistance at 1.09550, good to buy on dips

Oct 27, 2016 09:53 am UTC| Technicals

Major Resistance- 1.09550 (support turned into resistance) Major support - 1.08500 EUR/USD pared its gains yesterday after jumping till 1.09458 level. The pair declined till 1.08920 and slightly recovered from...

FxWirePro: EUR/SEK hits fresh 6-year high at 9.7810 after Riksbank leaves rates unchanged

Oct 27, 2016 09:05 am UTC| Technicals

EUR/SEK is currently trading around 9.7742 levels. It made intraday high at 9.7810 and low at 9.6773 levels. Intraday bias remains bullish for the moment. A daily close above 9.74 is required to take the...

FxWirePro: DAX30 forms Bearish pattern, good to sell on rallies

Oct 27, 2016 08:58 am UTC| Technicals

Pattern formed Bearish AB=CD Pattern Potential reversal zone -10830 DAX30 made a temporary top around 10830 and started to decline from that level. It is currently trading around 10732. The index took...

FxWirePro: AUD/NZD fails to hold gains above 200-DMA, intraday bias lower

Oct 27, 2016 08:33 am UTC| Technicals

Rising market expectations of Fed rate hike is supporting broad based US Dollar strength keeping commodity currencies subdued. AUD/NZD trades a volatile session on Wednesday, oscillating between 20-DMA and major...

FxWirePro: South African rand erases previous gain against U.S. dollar, hovers around key resistance at 13.98

Oct 27, 2016 08:22 am UTC| Technicals

USD/ZAR is currently trading around 13.97 levels. It made intraday high at 13.98 and low at 13.85 levels. Intraday bias remains neutral for the moment. A daily close above 13.98 will take the parity...

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