FxWirePro: EUR/GBP struggles to break above 200 day 4HMA, good to sell on rallies
Aug 19, 2015 12:03 pm UTC| Technicals
RES 4: 0.7225 (Jul 10th high) RES 3: 0.7159 (Jul 27th high) RES 2 : 0.7091 ( Kijun-Sen) RES 1: 0.7065 (200 day 4 HEMA) PRICE: 0.7046@ 12:00 GMT SUP 1: 0.7020 (Aug 18th low) SUP 2 : 0.6949 (Aug 5th...
FxWirePro: Aussie consolidates within narrow range, good to sell on rallies
Aug 19, 2015 12:01 pm UTC| Technicals
RES 4: 0.7500 (Jul 10th high) RES 3: 0.7450 (Jul 21st high) RES 2: 0.74275 (Aug 4th high) RES 1: 0.7375 (200 day 4HMA) PRICE: 0.7342 @12:00 GMT SUP 1: 0.7315 (Aug 6th low) SUP 2: 0.7250...
USD/JPY struggles to close above 125, targets 123.50
Aug 19, 2015 10:34 am UTC| Technicals
RES 4: 126.88 (161.8% retracement of 124.43 and 120.45) RES 3 : 125.85 (jun 5th high) RES 2: 125.30 (Aug 12th high) RES 1:125 PRICE: 124.33 @10:34 GMT SUP1 : 124.30 (7 day 4 HMA) SUP2 :124.10...

USD/CHF faces major trend line support at 0.9720, break below targets 0.9550
Aug 19, 2015 10:09 am UTC| Technicals
USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session. It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target...

USD/CHF faces major trend line support at 0.9720, break below targets 0.9550
Aug 19, 2015 10:09 am UTC| Technicals
USD/CHF is trading in narrow range between 0.9726 and 0.9795 for the past two trading session. It is facing strong trend line support at 0.9720 (trend line joining 0.93288 and 0.9547) and any break below will target...

FxWirePro: AUD/JPY trades in narrow range, good to sell on rallies
Aug 19, 2015 09:27 am UTC| Technicals
Intraday trend- neutral Short term trend- Bearish AUD/JPY has made a low of 90.91 and slightly recovered from that level. Short term trend is bearish as long as resistance 92.10 holds. On the lower side minor support...
FxWirePro: Momentum oscillators and delta risk reversal shows their impact – back with backspreads
Aug 19, 2015 09:07 am UTC| Technicals
Never rely on single indicator is our fundamental as legendary saying by Warren Buffet goes this way Never test depth of the river with both the legs. It would be more efficient to devise a call when we synthesize our...