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FxWirePro: GBP/USD approaching resistance at 1.5351, bearish in the short term

Sep 01, 2015 12:03 pm UTC| Technicals

The cable slipped downwards in the European session after it failed to break resistance level at 1. the release of UK Manufacturing PMI which printed negative figures, more bearish pressure was applied, as a result the...

USD/CAD trade Idea

Sep 01, 2015 11:52 am UTC| Technicals

Loonie breaks minor trend line support 1.3150 which confirms short term weakness, a decline till 1.3000/1.2950 cannot be ruled out. On the downside major support is around 1.3050 and any break below 1.3050 will drag the...

FxWirePro: Aussie faces strong resistance around 0.7170, good to sell on rallies

Sep 01, 2015 11:43 am UTC| Technicals

RES 4: 0.7250 (Aug 25th high) RES 3: 0.7170 ( Trend line resistance) RES 2: 0.7136(20 day 4 HMA) RES 1: 0.7105 (7 day 4 H EMA) PRICE: 0.7078 @11:42 GMT SUP 1: 0.7090 (161.8% retracement...

USD/JPY breaks short term support 120, decline till 118.30 is possible

Sep 01, 2015 11:18 am UTC| Technicals

RES 4 : 122.35 RES 3: 121.75 (61.8% retracement of 125.27 and 116.07) RES 2: 121 (20 day 4 hma) RES 1 : 120.50 (7 day 4 HEMA) PRICE: 120.05 @11:24 GMT SUP 1:119.56 (38.2% retracement of 116.07 and...

FxWirePro: Prefer diagonal debit call spreads to hedge GBP/CHF in narrow range

Sep 01, 2015 10:48 am UTC| Technicals

Technicals Briefing (GBP/CHF): EOD and weekly technicals raises a caution for ongoing short term downtrend as dropping prices do not evidence corresponding volumes and there was a sense of divergence evidenced on RSI...

FxWirePro: USDCHF faces strong support around 0.9540, good to buy at dips

Sep 01, 2015 10:45 am UTC| Technicals

USD/CHF has made a low of 0.9567 and recovered till 0.9640 from that level. Overall trend is till bullish as long as support 0.9540 holds The pair jumped till 0.96890 yesterday and is currently trading at 0.9635...

GBP/AUD takes support near trend line , jump till 2.220 is possible

Sep 01, 2015 09:29 am UTC| Technicals

GBP/AUD has recovered after making a low of 2.1390 and is currently trading at 2.1680. The pairs minor resistance is around 2.170 and nay break above would extend gains till 2.2100/2.2200. The pairs minor support is...

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