FxWirePro:USD/JPY struggles to close below 120, good to buy at dips
Sep 11, 2015 11:22 am UTC| Technicals
RES 4: 122 RES 4: 121.75 (28th Aug high) RES 3:121 RES 2: 120.75 (61.8% retracement of 121.75 and 119.21) PRICE: 120.60 @11:15 GMT SUP 1 : 120.60 (7 day H EMA) SUP 2 : 120.25 (38.2% retracement of...

FxWirePro: Silver takes support near trend line, good to sell on rallies
Sep 11, 2015 11:03 am UTC| Technicals
Silver has taken support near trend line support around $14.50 and recovered till $14.85 yesterday. It is currently trading at $14.62. The commodity is facing strong support around $14.55 and any break below will drag the...

Gold trades below major support $1115, decline till $1070 is possible
Sep 11, 2015 10:21 am UTC| Technicals
Gold has broken major support $1115 and declined till $1101. It is currently trading at $1107. Overall trend is still bullish as long as support $1120 holds. On the downside major support is around $1100 and break below...

FxWirePro: EUR/USD forms Bearish BAT pattern, good to sell on rallies
Sep 11, 2015 09:36 am UTC| Technicals
Harmonic pattern formed- Bearish BAT pattern Potential Reversal Zone ( PRZ) -1.1340 EUR/USD has made a high of 1.13094 today morning and slightly retreated from that level. It is currently trading around 1.1280. On...

Sep 11, 2015 09:21 am UTC| Technicals
After the short term price recoveries, negative delta risk reversal numbers of contracts with 1M expiry inching around -0.9 as shown in the nutshell suggests downside hedging has been relatively expensive which means...
FxWirePro: EUR/SEK slumps to lows at 9.3756 on positive Sweden data
Sep 11, 2015 08:53 am UTC| Technicals
Upbeat Sweden data put a lot of pressure on SEK shorts, traders widely positioned short SEK in response to relentless dovish C.Bank chat. Swedish GDP was revised up to 3.3% y/y, while unemployment rate fell to 6.4%...

FxWirePro: GBP/AUD faces strong support near 2.140, good to buy at dips
Sep 11, 2015 07:49 am UTC| Technicals
GBP/AUD has made a high of 2.210 and declined from that level. It is currently trading at 2.187. The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs minor...