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Loonie breaks major trend line support ,targets 1.3310

Aug 24, 2015 01:14 am UTC| Technicals

USD/CAD has been trading in the range of 1.3195 -1.3023 for the past five trading session. Loonie has broken major trend line resistance 1.3200 and this confirms short term bullishness, a jump till 1.3370 (161.8%...

FxWirePro: EUR/USD key resistance at 1.1327, upside prevails in the short term

Aug 21, 2015 14:28 pm UTC| Technicals

The pair has continued to inching higher against US dollar after Wednesdays dovish Fed meetings. The pair has broken resistance at 1.1275 levels and is all set to test resistance level at 1.1327. Euro is expected to remain...

FxWirePro: AUD/USD key resistance at 0.7354, sell deals are recommended below 0.7350

Aug 21, 2015 12:52 pm UTC| Technicals

AUD/USD rebounded strongly from 0.7312 levels and tested resistance level at 0.7353. The bulls failed to break resistance levels at 0.7353 and the pair is back towards 0.7335 price levels. The pair is expected to decline...

FxWirePro: USD/CAD key resistance at 1.3150, downside prevails in the short term

Aug 21, 2015 12:07 pm UTC| Technicals

USD/CAD has rebounded after hitting minor resistance level at 1.3063 and is approaching resistance level at 1.3110. The 1.3150 levels are set to hold the bulls and push the bulls downwards, as this level has been a strong...

FxWirePro: GBP/USD key support level at 1.5610, bullish in the short term

Aug 21, 2015 12:06 pm UTC| Technicals

The cable is has retreated after hitting resistance at 1.5772 and has slipped sharply towards 1.5675 levels, currently the cable has rebounded after hitting support level at 1.5666, a bullish rebound is expected soon...

GBP/JPY Trade Idea

Aug 21, 2015 11:47 am UTC| Technicals

GBP/JPY breaks short term trend line support 192.97 and slightly recovering from that level. Intraday trend is bullish as long a support 192.70 holds. Any break below 192.70 will drag the pair further down till...

FxWirePro: Aussie slightly recovers after making a low of 0.7280, good to sell on rallies

Aug 21, 2015 11:43 am UTC| Technicals

RES 4: 0.74275 (Aug 4th high) RES 3: 0.7410 RES 2: 0.7363 (200 day 4HMA) RES 1: 0.7333 (20 day 4HMA) PRICE: 0.7330 @11:41 GMT SUP 1: 0.7315 (Aug 6th low) SUP 2: 0.7250 (161.8% retracement of...

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