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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...

FxWirePro: USD/CHF takes support at 0.9685 (daily Tenkan), good to buy dips

Sep 29, 2015 09:55 am UTC| Technicals

Ascending triangle formation seen on USD/CHF dailies, major support and resistance at 0.9630 and 0.9820 respectively Swiss franc stronger on Tuesday as risk aversion swept global markets, underpinning flows into haven...

FxWirePro: BTC/USD faces strong resistance around 200 day MA, good to buy at dips

Sep 29, 2015 09:17 am UTC| Technicals

BTC/USD is facing strong support around $220 and any further weakness only below $220 level. It is currently trading at $224.95. Short term trend is weak as long as resistance $235 holds. The major resistance is around...

FxWirePro: Buy GBP/JPY at dips around 182.25-30 with SL around 181.40 for the TP of 184/184.40

Sep 29, 2015 08:57 am UTC| Technicals

GBP/JPY has broken trend line resistance 182.25 and this confirms short term bullishness , a jump till 184.40 cannot be ruled out. Short term weakness can be seen only below 181.40 and break below targets...

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