
Sep 18, 2015 10:36 am UTC| Technicals
EUR/AUD has been consolidating in narrow range between 1.6065-1.5660 for the past three trading session. It is currently trading at 1.5777. On the downside it has broken major short term support 1.5800 and this confirms...

USD/JPY faces strong support at 118.60, jump till 120 is possible
Sep 18, 2015 10:16 am UTC| Technicals
Harmonic pattern formed- Bullish Gartley pattern Potential Reversal Zone (PRZ) -119.15 The pair has retreated after making a high of 120.98 yesterday. Its major support is around 118.60 (Sep 4th low) and any further...

EUR/AUD breaks short-term support 1.5800, decline till 1.5660 is possible
Sep 18, 2015 09:01 am UTC| Technicals
EUR/AUD has been consolidating in narrow range between 1.6065-1.5660 for the past three trading session. It is currently trading at 1.5777. On the downside it has broken major short term support 1.5800 and this confirms...

FxWirePro: Hedge USD/CAD with PRBS as delta risk reversal projects intermediate term trend reversal
Sep 18, 2015 08:18 am UTC| Technicals
Rationale: From the table showing delta risk reversal and below technical indications, the real challenge depends on a smart interpretation of these numbers and scrutiny of trend. The delta risk reversals of 1W to 1M...

USD/CAD faces strong support around 1.3050, break below targets 1.2960
Sep 18, 2015 07:48 am UTC| Technicals
Loonie breaks short term trend line support and has declined till 1.30733. It is currently trading at 1.3137. Short term trend is still weak as long as resistance 1.3220 holds. The pairs minor resistance is around...

FxWirePro: GBP/AUD struggles to close above 2.200, good to sell on rallies
Sep 18, 2015 07:04 am UTC| Technicals
GBP/AUD has made a high of 2.2108 and declined till 2.1350 from that level. It is currently trading at 2.152 The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs...

GBP/JPY faces major support 186.40, break below targets 185
Sep 18, 2015 05:52 am UTC| Technicals
GBP/JPY has made a high of 188.27 yesterday and retreated from that level. It is currently trading at 186.56. Intraday major support is around 186.40 (trend line joining 184.24 and 186.21) and any break below will drag...