
FxWirePro: BTC/USD faces strong resistance around $250, good to sell on rallies
Sep 11, 2015 07:09 am UTC| Technicals
BTC/USD has retreated after making a high of $246 and is currently trading at $236. Short term trend is weak as long as resistance $250 holds. The major resistance is around $250 and break above will take the pair to next...
FxWirePro: AUD/USD faces strong resistance at 0.7078 (4h cloud base), good to sell rallies
Sep 11, 2015 06:45 am UTC| Technicals
The Australian dollar was steady at $0.7067 after surging 0.8 percent overnight on upbeat employment data. Consolidation set in today, AUD/USD drifts lower ahead of European session in a quiet trade More...

FxWirePro: USD/CHF faces strong resistance at 0.9800, good to sell on rallies
Sep 11, 2015 06:35 am UTC| Technicals
USD/CHF has retreated till 0.9715 after making a high of 0.9825. Overall trend is still weak as long as resistance 0.9800 holds. The pairs major support is around 0.9680 and any break below 0.9680 will drag the pair...

FxWirePro: EUR/JPY to remain between 140.50-125.50 – butterfly spread for range bound trend
Sep 11, 2015 06:34 am UTC| Technicals
We construct long put butterfly spread on this pair which offers restricted returns and limited risk, this strategy is advisable as we think that EURJPY will not rise or fall beyond above stated levels by...

FxWirepro: Loonie faces strong support around 1.3150, good to buy at dips
Sep 11, 2015 06:24 am UTC| Technicals
USD/CAD has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 (trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that...
FxWirePro: Sterling consolidating previous day's gains, GBP/USD supported above 1.5427
Sep 11, 2015 05:55 am UTC| Technicals
Sterling enjoyed a positive session after BoE said Chinas stock-market slump did not signal a slowdown for Britain. Cable opened at 1.5441 and traded range bound between 1.5462/35, a fraction firmer in a calm Asian...
FxWirePro: Sell GBP/JPY on rallies around 186.75-80 with SL around 187.40 for the TP of 185.65/185
Sep 11, 2015 05:34 am UTC| Technicals
GBP/JPY made a high of 187.33 yesterday and has started to retreat from that level. It is currently trading at 186.74. On the downside major support is around 185.60 (23.6% retracement of 180.35 and 187.33) and nay...