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FxWirePro: GBP/CAD's lingering pessimism at 7DMA restrains further bullish prevalence -boundary binaries to speculate within 100 pips

May 30, 2016 12:20 pm UTC| Technicals

The pair has tested support near 1.9013 (7DMA) and bounced to the current levels of 1.9066. Despite the attempts of upswings the current prices are lingering at 7DMA. Sideway trend slipping as the bears to resume...

FxWirePro: CHF/JPY faces strong resistance at 112.35, good to sell on rallies

May 30, 2016 12:04 pm UTC| Technicals

Major Resistance- 112.35 (trend line joining 117.41 and 115.01) The pair has made a high of 112.12 and slightly declined from that level. It is currently trading around 111.91. Short term trend is slightly...

GBP/JPY Trade Idea

May 30, 2016 11:51 am UTC| Technicals

Major resistance- 162.80 (100 EMA) Major support -159.93 (10 day EMA) GBP/JPY has broken major resistance 162.80 and slightly retreated from that level. It is currently trading around 162.27. The pair is...

FxWirePro: GBP/USD upside capped at 200 day MA, good to sell on rallies

May 30, 2016 10:30 am UTC| Technicals

Major resistance -1.4770 (200 day MA) Cables upside momentum from 1.44450 has been capped at 1.47395 (May 26th high).GBP/USD has been struggling to break May months high 1.47696 and also 200 day MA. Any further...

ETH/USD faces strong support at $10, good to buy at dips

May 30, 2016 09:35 am UTC| Technicals

Major support - $10.02 (61.8% retracement $14.85 and $7) The pair has taken support near $10 and started to slightly recover from that level. It is currently trading around $12.39. ETH/USD minor resistance is...

FxWirePro: EUR/AUD holds 21-DMA support at 1.5456, weakness only on break below

May 30, 2016 09:03 am UTC| Technicals

EUR/AUD remains capped below major trendline resistance (currently at 1.56). Pair sliding down along trendline resistance, currently holds above 21-DMA support at 1.5456. Breaks below will find next support at...

FxWirePro: Sterling tests support at 7DMA but leading oscillators don't substantiate momentum shrugging-off upswings

May 30, 2016 09:03 am UTC| Technicals

Current price behaviour is holding stronger as per 7DMA, breaks below to evidence bearish rout, otherwise expect upswings to extend RSI Stoch are indicative of further dips, DMAs to substantiate. Day highs were not...

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