FxWirePro: GBP/USD key resistance level at 1.5301, bearish in the short term
Sep 07, 2015 12:05 pm UTC| Technicals
GBP/USD recovered some ground today in mid European session after hitting strong support at 1.5209 levels. The cable is currently trading with oversold condition and a recovery towards higher levels can be expected. The...
EUR/GBP struggles to break above 0.7400 , decline till 0.7240 is possible
Sep 07, 2015 11:50 am UTC| Technicals
RES 4 : 0.7480 RES 3: 0.7420 (Aug 24th high) RES 2: 0.7380 RES 1: 0.7350 (61.8% retracement of 0.7420 and 0.7250) PRICE: 0.7300 @ 11.50 GMT SUP 1: 0.7320 (20 day 4 HMA) SUP 1: 0.7270...
FxWirePro: USD/JPY consolidates in narrow range , good to buy at dips
Sep 07, 2015 11:34 am UTC| Technicals
RES 4: 120.75 (61.8% retracement of 121.75 and 119.21) RES 3: 120.35 (55 DAY 4H EMA) RES 2: 119.75 (20 day HMA) RES 1 : 119.30 (7 day 4 HEMA) PRICE: 119.35 @11:25 GMT SUP 1 :118.40 (25th Aug low) SUP 2:...

Silver breaks trend line support around $14.65, targets $14
Sep 07, 2015 11:02 am UTC| Technicals
Silver is trading narrow channel for past three trading session. It is facing strong support around $14.65 and any break below will drag the commodity further down till $14.45/$14 in short term. Short term trend...

FxWirePro: USD/CHF faces strong support at 0.9680, good to buy at dips
Sep 07, 2015 10:26 am UTC| Technicals
USD/CHF has retreated till 0.97074 after making a high of 0.9770 . Overall trend is still bullish as long as support 0.9680 holds. Any break below 0.9680 will drag the pair further down till 0.9640/0.9595. On...
FxWirePro: Use AUD/NZD upswings to reduce hedging cost – backspreads are better over strips
Sep 07, 2015 09:51 am UTC| Technicals
If you missed on put ratio spreads when recommended our 1st call on this pair on 2nd September. It would never knock our doors often and often. Consider this as 2nd chance for speculating opportunity and 2nd chance for...

CAD/JPY trades below short term support 90, decline till 88.75 is possible
Sep 07, 2015 09:21 am UTC| Technicals
CAD/JPY breaks short term trend line support 90.25 (trend line joining 89.94 and 90.09) and declined till 89.44. Overall trend is weak as long as resistance 91 holds. On the higher side major resistance is around...