FxWirePro: EUR/USD recovery short-lived, steep losses in EUR/GBP weigh
Aug 18, 2015 09:55 am UTC| Technicals
EUR/USD rejected ahead of 1.11 barrier, slips back to trade muted around 1.1068 levels. Recovery in the pair was short-lived, the major slipped back into the negative territory Steep losses in EUR/GBP after above...

GBP/NZD breaks trend line support as Russia lifts NZ dairy ban, targets 2.270
Aug 18, 2015 07:52 am UTC| Technicals
GBP/NZD has formed descending triangle pattern but not able break the major triangle resistance 2.4025. Any break above 2.4025 only confirms further bullishness, a jump till 2.45 (161.8% retracement of 2.4027 and...

FxWirePro: EUR/NZD forms bullish cypher pattern, good to buy at dips
Aug 18, 2015 07:47 am UTC| Technicals
Harmonic pattern formed- Bullish cypher pattern Potential Reversal Zone (PRZ) - 1.6650 EUR/NZD has made a low of 1.6750 and recovered from that level. Overall trend is bullish as long as support 1.6650 holds. Any...

Aug 18, 2015 07:34 am UTC| Technicals
As you can make out from the nutshell, bulls gaining buying interest as 1W ATM contracts showing positive flashes and this has evidenced short spikes in technical charts as well but this is yet to be confirmed in long run...
FxWirePro: GBP/USD weak ahead of UK CPI report, could test 1.5535 if data disappoints
Aug 18, 2015 07:32 am UTC| Technicals
GBP/USD continues to adjust lower as markets await UK July inflation data due 0830GMT. A disappointment in the data could weigh on the cable, pair could dip to 1.5535 (Aug 12 low) Negative UK CPI would be blow for...

FxWirePro: EUR/AUD gravestone doji likely to drag maximum 160-175 pips - prefer straps for hedging
Aug 18, 2015 07:09 am UTC| Technicals
As we can make out from the daily chart a gravestone doji with long upper shadow has shown its impact in price drops. This doji at 1.5110 is still has downside potential for about another maximum up to 160-175 pips to test...

FxWirePro: Falling wedge on AUD/JPY – BPS hedges and straddle shorting speculates
Aug 18, 2015 06:42 am UTC| Technicals
Both EOD and weekly graphs signal sideway to slightly bearish trend, the pair is currently testing a crucial support at around 91.678 levels on daily charts with the likely formation of falling wedge. More importantly a...