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FxWirePro: EUR/USD Trade idea

Dec 27, 2016 12:15 pm UTC| Technicals

Major resistance- 1.0510 (daily Tenken-Sen) Major support 1.03500 EUR/USD is trading in narrow range between 1.03522 and1.04992 for the past five trading session.The pair closed at 1.04514. It is currently...

FxWirePro: EUR/USD upside capped by daily Tenken-Sen, good to sell on rallies

Dec 27, 2016 11:34 am UTC| Technicals

FxWirePro: AUD/CAD capped below 61.8% Fib, break above could see minor bullishness

Dec 27, 2016 10:01 am UTC| Technicals

AUD/CAD struggles at 61.8% Fib at 0.9734. Bias lower as long as trendline resistance at 0.9740 holds. Price action in the pair remains below major moving averages. Momentum indicators are at oversold levels, so...

FxWirePro: Copper breaks consolidation phase, breaches 38.2% fib support, bias lower

Dec 27, 2016 09:01 am UTC| Technicals

Copper has broken consolidation phase to resume downside. Price action is currently holding by strong support at 2.445 which is trendline and 50-DMA. Break below is likely to see test of 2.40 (50% Fib) and then...

FxWirePro: CHF/JPY faces strong resistance at 200- HMA, good to sell on rallies

Dec 27, 2016 09:01 am UTC| Technicals

Major resistance 114.50 (200- HMA) Major support 113.90 (trend line joining 112.07 and 113.87). CHF/JPY jumped till 114.28 and slightly declined from that level. The pair made a low of 113.87 yesterday and...

FxWirePro:GBP/JPY downside capped by 50% fibo, good to sell on rallies

Dec 27, 2016 08:16 am UTC| Technicals

Major resistance 144.65 (trend line joining 148.45 and 147.35) Major intraday support 143.48 (50% retracement of 138.51 and 148.45) GBP/JPY has once again jumped after declining till 143.48. The pair should...

FxWirePro: AUD/NZD holds strong triangle base support at 1.04, bias remains lower

Dec 27, 2016 07:00 am UTC| Technicals

AUD/NZD is trading a Symmetric triangle pattern. The pair has held triangle base support and edged higher. Upside finds stiff resistance at 1.044 (converged 5 20 DMAs). Series of resistance on the upside:...

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