FxWirePro: GBP/USD maintains bullish bias with focus on 1.3300 levels
Aug 23, 2016 19:10 pm UTC| Technicals
The Sterling remained in strong bullish tone against dollar on Tuesday as buying interest continued as speculators cut bearish bets against the currency as recent data suggested that Britains economy is holding up...
Aug 23, 2016 12:57 pm UTC| Technicals
Ever since the pair approaches pivot levels of 1.7039 it either bounces back or slid massively, now acting that level as resistance as bears resumed in the major downtrend, on the flip side the pair also tested 7DMA as...
FxWirePro: Flash Euro-zone PMI prints fail to impress euro bulls, EUR/GBP slips below 0.86 handle
Aug 23, 2016 12:24 pm UTC| Technicals
Flash euro-zone PMI data released earlier failed to impress EUR bulls. On the other side, Great Britain CBI Trends failed to provide evidence of post-Brexit economic fallout. A broad-based recovery in the sterling and...
Aug 23, 2016 11:41 am UTC| Technicals
Major resistance- 132.25 (Aug 18th 2016 high). Major support -131.15 (200 HMA). Hourly chart (CMP- 131.81) Tenken-Sen -131.68 Kijun-Sen- 131.72 GBP/JPY has broken major resistance 132.25 and jumped...
FxWirePro: AUD/CHF recovers from the low of 0.72770, good to buy on dips
Aug 23, 2016 10:12 am UTC| Technicals
Major support - 0.7237 (Aug 8th low). Major resistance- 0.7355. AUD/CHF has bounced sharply after hitting a low of 0.72770 on Friday. It is currently trading at 0.73472. In the hourly chart, AUD/CHF is...
FxWirePro: DAX30 takes support at 61.8% retracement, good to sell on rallies
Aug 23, 2016 09:31 am UTC| Technicals
Major support 10365 (61.8% retracement of 10093 and 10806). The index has declined till 10386 and regained sharply from that level and is currently trading around 10572. In the hourly chart, DAX is trading...
FxWirePro: EUR/CAD finds stiff resistance at 1.4665, break above targets 200-day MA at 1.4746
Aug 23, 2016 08:35 am UTC| Technicals
EUR/CAD upside halts by stiff trendline resistance at 1.4665, bias higher. The pair has broken major resistance by 20-DMA at 1.4560, and is on track to test 200-day MA at 1.4746. Some weakness is seen on intraday...
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