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FxWirePro: USD/CHF key support at 0.9684, bullish in the short term

Sep 29, 2015 13:06 pm UTC| Technicals

>The USD/CHF declined sharply to test support level at 0.9684 yesterday. However, the pair after failing to break support level at 0.9684 has made a strong rebound towards 0.9740 levels. The pair is set to consolidate...

FxWirePro: USD/JPY faces strong support around 118.60, good to buy at dips

Sep 29, 2015 12:47 pm UTC| Technicals

RES 4:121.30 ( SEP 10TH HIGH) RES 3: 120.93 (200 day 4 hma) RES 2: 120.50 (61.8 % retracement of 121.30 and 119.25) RES 1: 120.20 (20 day 4 H EMA) PRICE: 119.94@12:45 GMT SUP 1: 119.50 (38.2%...

FxWirePro: EUR/GBP struggles to close above 0.7040, good to buy at dips

Sep 29, 2015 12:18 pm UTC| Technicals

RES 4: 0.7590 (Feb 3rd high) RES 3: 0.7506 ( 138.2 % retracement of 0.7420 and 0.7196) RES 2: 0.7480 (May 5th 2015) RES 1: 0.7420 PRICE: 0.7390 @ 12:17 GMT SUP 1: 0.7365 (20 day 4 HMA) ...

USD/JPY trade idea

Sep 29, 2015 12:07 pm UTC| Technicals

USD/JPY has broken minor channel support 12005 and declined till 119.25. It is currently trading at 119.88. The pairs major trend line support is around 119.20 and any break below will target 118.60. On the higher side...

FXWirePro: Korea capitalizing trade surplus despite Chinese slowdown – 6M forwards for hedging

Sep 29, 2015 11:42 am UTC| Technicals

Although some currencies have weakened sharply due to global slowdown especially China, EM FX does not appear to have overshot. EM Asia FX will face the brunt of slowing Chinese growth and a weaker CNY. Korea and Taiwan...

FxWirePro: Gold forms bullish cipher pattern, good to buy at dips

Sep 29, 2015 11:26 am UTC| Technicals

Harmonic Trading pattern: Bullish Cypher Potential Reversal Zone (PRZ) - $1108 Gold has decline till $1124 after making a high of $1156. It is currently trading @ $1126. On the downside major support is around $1108...

FxWirePro: GBP/AUD consolidates in narrow range, good to buy at dips

Sep 29, 2015 11:17 am UTC| Technicals

GBP/AUD is trading in narrow range around 2.200 and 2.155 for the past two trading session. It is currently trading at 2. pairs minor resistance is around 2.200 and any break above would extend gains till...

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