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FxWirePro: GBP/JPY Trade idea

Nov 21, 2016 11:53 am UTC| Technicals

Major resistance- 138 Major support 135.15 (7-day EMA) GBP/JPY has jumped sharply after declining till 135.40 level. The pair declined till 135 and started to jump from that level. It is currently trading at...

FxWirePro: EUR/USD faces strong trend line resistance at 1.06850, good to sell on rallies

Nov 21, 2016 10:41 am UTC| Technicals

Major resistance 1.06850 (tend line joining 1.08167 and 1.07456) Major support 1.0580 The pair has slightly recovered from the low of 1.0580 and jumped till 1.0649 at the time of writing. It is currently...

FX Hedging Strategy Series

FxWirePro: AUD/JPY bulls restrained at channel resistance and 7-DMA –Double touch binaries for intraday speculators and DPS for medium term traders

Nov 21, 2016 10:04 am UTC| Technicals

You are seeing bearish streaks of AUDJPY from last three-four days after the formation of bearish engulfing types of pattern at 81.548 levels. The current prices have gone below 7DMAs, please also be advised that the...

FxWirePro: DAX30 faces strong support at 50- day MA, good to sell on rallies

Nov 21, 2016 09:23 am UTC| Technicals

Major resistance- 10830 (Oct 25th 2016 high) Major support 10550 (50- day MA) DAX30 is trading in narrow range between 10783 and 10603 for the past three trading session.It is currently trading around...

FxWirePro: Silver jumps above $16.70 mark, upside limited

Nov 21, 2016 07:50 am UTC| Technicals

XAG/USD is currently trading around $16.70 marks. It made intraday high at $16.72 and low at $16.49 levels. Intraday bias remains bearish till the time pair holds immediate resistance at $17.08 marks. A...

FX Hedging Strategy Series

FxWirePro: AUD bulls unlikely to gain traction against JPY, bearish DMA crossover to evidence more slumps on break out below 0.9517 – Use DPS to speculate

Nov 21, 2016 07:16 am UTC| Technicals

The bearish crossover to evidence more slumps as current prices consistently remain below DMAs The break below supports of 0.9517 signals bearish pressures, snap rallies to deploy fresh shorts. Volume build-ups are...

FxWirePro: GBP/JPY downside capped by 7- day EMA, good to buy on dips

Nov 21, 2016 07:08 am UTC| Technicals

Major resistance- 138 Major support 135.15 (7-day EMA). GBP/JPY has jumped sharply after declining till 135.40 level. The pair declined till 135 and started to jump from that level. It is currently trading at...

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