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CAD/JPY trade idea

Jul 13, 2016 12:52 pm UTC| Technicals

Major resistance 81.25 (200 4H MA) Major support 79.45 (4H Tenkan-Sen) CAD/JPY broken major psychological resistance 80 yesterday and jumped till 80.82. The pair is struggling to at higher levels and started to...

FxWirePro: USD/CHF upswing appears to be exhausted at channel resistance – Tunnel spreads conducive for speculators

Jul 13, 2016 12:31 pm UTC| Technicals

The pair could not hold onto major resistance today which is at upper channel line (at around 0.9894 levels). The bull swings were oscillating within the range of sliding channel so far, prices have bounced as well...

FxWirePro: AUD/CAD upside halts at stiff resistance by 0.9970, bias higher

Jul 13, 2016 11:47 am UTC| Technicals

AUD/CAD upside halts at stiff trendline resistance by 0.9970, break above needed to resume upside. The pair has broken above 78.6% Fib of 1.0054 to 0.9324 fall, as it extends upside along the Cup...

DAX30 faces strong resistance at 9990, break above targets 10350/10400

Jul 13, 2016 10:39 am UTC| Technicals

Major resistance 9990 (trend line joining 10348 and 10016) Major support 9880 (200 4H MA) DAX has made a high of 9988 at the time of writing and is currently trading around 9972. The intra-day trend is...

FxWirePro: GBP/AUD forms ‘head and shoulder” pattern, slid below neckline but tests resistance at 61.8% Fibos, never buck major downtrend

Jul 13, 2016 09:42 am UTC| Technicals

The major downtrend still remains robust. On the contrary, in short run the pair is currently taking trendline support at 1.7044 levels and the breach above the resistance at 61.8% (i.e. 1.7431) may expose upwards...

FxWirePro: EUR/USD faces strong resistance at 1.1130, good to sell on rallies

Jul 13, 2016 09:17 am UTC| Technicals

Major support 1.10525 (trend line joining 1.1002 and 1.10156) Major Resistance- 1.11260 (Jul 12th 2016 high). The pair has made a high of 1.11260 yesterday and declined till 1.10420 at the time of writing. It is...

FxWirePro: Indian rupee depreciates against US dollar; stay bullish above 67.05

Jul 13, 2016 08:17 am UTC| Technicals

USD/INR is currently trading around 67.17 marks. It made intraday high at 67.21 and low at 67.08 marks. Intraday bias remains bullish till the time pair holds immediate support at 67.05 marks. Key...

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