FxWirePro: USD/IDR spikes above 13800, BI in markets to support Rupiah
Aug 12, 2015 05:12 am UTC| Technicals
USD/IDR surges above 13800 as traders cited Bank of Indonesia in the markets to support Rupiah IB pinned the rupiahs fall directly on the yuan devaluation and said it would step into the markets to guard against...
FxWirePro: USD/JPY hits new two-month highs at 125.27 on fresh CNY weakness
Aug 12, 2015 04:20 am UTC| Technicals
Another round of yuan devaluation by PBOC was seen early today, an attempt to support the export sector and aid the overall economic growth Greenback remains supported from risk-off flows following PBOC devaluation,...
FxWirePro: GBP/USD approaching support level at 1.5553, bullish in the short term
Aug 11, 2015 14:21 pm UTC| Technicals
The cable has retreated from daily highs at 1.5618 and is trading at 1.5584 levels. The pair is trying to test support level at 1.5553. Unless and until this pair trades above 1.5540 levels, trend of this pair remains...
FxWirePro: USD/CHF approaching support level at 0.9784, buy deals are recommended above 0.9785
Aug 11, 2015 13:28 pm UTC| Technicals
USD/CHF pair is approaching support level 0.9784 (61.8% Retracement level), the support level 0.9785 is set hold the bears and push pair further up. The pair is currently trading around 0.9805 levels. It is expected...
EUR/GBP faces strong resistance around 0.7100, break above targets 0.7220
Aug 11, 2015 12:31 pm UTC| Technicals
RES 1 : 0.7225 (Jul 10th high) RES 2: 0.7159 (Jul 27th high) RES 3 :0.7100 (31st Jul high) RES 4: 0.7065 (200 day 4 HMA) PRICE: 0.7093@ 12:25 GMT SUP 1: 0.7052 (20 day 4 H EMA) SUP 2: 0.7025...
FxWirePro: USD/CAD key resistance at 1.3101, upside prevails in the short term
Aug 11, 2015 12:29 pm UTC| Technicals
USD/CAD has consolidated to trade above 1.3000 levels after hitting daily lows yesterday. The pair is expected to continue its bullish bias further, as long as it trades above 1.3000 levels. The currency pair is...
FxWirePro: USD/JPY approaching support level at 124.85, upside prevails in the short term
Aug 11, 2015 12:17 pm UTC| Technicals
USD/JPY is approaching to test support level at 124.85, the pair is set to advance further towards 125.30 and later 125.50 levels in the short term. Short rally around 124.60- 124.70 should be taken as advantage for...