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FxWirePro: EUR/SEK slumps to lows at 9.3756 on positive Sweden data

Sep 11, 2015 08:53 am UTC| Technicals

Upbeat Sweden data put a lot of pressure on SEK shorts, traders widely positioned short SEK in response to relentless dovish C.Bank chat. Swedish GDP was revised up to 3.3% y/y, while unemployment rate fell to 6.4%...

FxWirePro: GBP/AUD faces strong support near 2.140, good to buy at dips

Sep 11, 2015 07:49 am UTC| Technicals

GBP/AUD has made a high of 2.210 and declined from that level. It is currently trading at 2.187. The pairs minor resistance is around 2.200 and any break above would extend gains till 2.2200/2.2370. The pairs minor...

FxWirePro: BTC/USD faces strong resistance around $250, good to sell on rallies

Sep 11, 2015 07:09 am UTC| Technicals

BTC/USD has retreated after making a high of $246 and is currently trading at $236. Short term trend is weak as long as resistance $250 holds. The major resistance is around $250 and break above will take the pair to next...

FxWirePro: AUD/USD faces strong resistance at 0.7078 (4h cloud base), good to sell rallies

Sep 11, 2015 06:45 am UTC| Technicals

The Australian dollar was steady at $0.7067 after surging 0.8 percent overnight on upbeat employment data. Consolidation set in today, AUD/USD drifts lower ahead of European session in a quiet trade More...

FxWirePro: USD/CHF faces strong resistance at 0.9800, good to sell on rallies

Sep 11, 2015 06:35 am UTC| Technicals

USD/CHF has retreated till 0.9715 after making a high of 0.9825. Overall trend is still weak as long as resistance 0.9800 holds. The pairs major support is around 0.9680 and any break below 0.9680 will drag the pair...

FxWirePro: EUR/JPY to remain between 140.50-125.50 – butterfly spread for range bound trend

Sep 11, 2015 06:34 am UTC| Technicals

We construct long put butterfly spread on this pair which offers restricted returns and limited risk, this strategy is advisable as we think that EURJPY will not rise or fall beyond above stated levels by...

FxWirepro: Loonie faces strong support around 1.3150, good to buy at dips

Sep 11, 2015 06:24 am UTC| Technicals

USD/CAD has declined till 1.3177 and started to recover from that level. Loonie is facing strong support around 1.3175 (trend line joining 1.3115 and 1.3135) and further weakness can be seen only below that...

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