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FxWirePro: GBP/USD Trade Idea

Dec 22, 2016 12:32 pm UTC| Technicals

Major resistance 1.2380 (trend lien joining 1.24270 and 1.23903). Major support 1.2300 (Nov 18th 2016 low) Cable has made a low of 1.2324 on Dec 21st 2016 and slightly recovered from that level. The pair jumped...

FxWirePro: Sell GBP/USD below 1.23000

Dec 22, 2016 12:30 pm UTC| Technicals

Major resistance 1.2380 (trend lien joining 1.24270 and 1.23903) Major support 1.2300 (Nov 18th 2016 low) Cable has made a low of 1.2324 on Dec 21st 2016 and slightly recovered from that level. The pair jumped...

FxWirePro: EUR/GBP breaks above 20-DMA, good to go long on close above

Dec 22, 2016 10:06 am UTC| Technicals

EUR/GBP breaks above 20-DMA at 0.8434, momentum indicators are biased higher. The pair finds strong support by 200-DMA at 0.8320, violation at 200-DMA could see drag upto 0.8078 (50% Fib of 0.6930 to 0.9225...

FxWirePro:CAD/JPY struggles to close above 88, good to sell on rallies

Dec 22, 2016 09:18 am UTC| Technicals

Major resistance -88 Major support 87.40 (trend line joining 86.96 and 87.35). CAD/JPY declined from the temporary top made at 88.92 till 86.96 on 19th Dec 2016. The pair jumped till 88.27 from the bottom of...

FxWirePro: Obtain bullish conformity in WTI crude upon formation of run-away gap after break-away gap – Add longs as more rallies likely

Dec 22, 2016 07:56 am UTC| Technicals

the breakaway gap has been occurred at 46.27 - The bulls interests intensified since then with bullish DMA crossover. For now, the run-away gap is occurred at 53.13 levels, although momentum seems to have been reduced...

FxWirePro: GBP/CAD faces trend line resistance around 1.6675 , good to sell on rallies

Dec 22, 2016 07:31 am UTC| Technicals

Major resistance 1.66760 (trend line joining 1.67922 and 1.6745). Major support 1.6480 The pair has recovered from the low of 1.64861 and jumped till 1.66151. It is currently trading around 1.65980. Short...

FxWirePro: AUD/CHF slips below 100-DMA, good to go short on rallies

Dec 22, 2016 07:05 am UTC| Technicals

AUD/CHF trades with a bearish bias. Momentum studies support downside. The pair has broken below major trendline support at 0.7460 and 100-DMA at 0.7464. Price holds above 0.74 handle which is minor support...

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