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CAD/JPY Trade idea

Sep 07, 2016 13:03 pm UTC| Technicals

Major resistance -78.50 (daily Kijun-Sen). The pair has recovered sharply after making a low of 78.74. It is currently trading around 79.12. Short term trend is slightly bullish as long as support 78.50...

FxWirePro: CAD/JPY faces strong support at 78.50, good to buy on dips

Sep 07, 2016 12:03 pm UTC| Technicals

Major resistance -78.50 (daily Kijun-Sen). The pair has recovered sharply after making a low of 78.74. It is currently trading around 79.12. Short term trend is slightly bullish as long as support 78.50...

FxWirePro: DAX30 downside capped by 5- day MA, good to buy on dips

Sep 07, 2016 10:02 am UTC| Technicals

Major support 10540 (trend line joining 10093 and 10438). The index has slightly recovered after making a low of 10656 yesterday and is currently trading around 10719. In the daily the index is consolidating...

EUR/USD faces strong resistance at 1.1263, break above targets 1.1366

Sep 07, 2016 07:57 am UTC| Technicals

Major resistance- 1.12630 (50% retracement of 1.16163 and 1.09115). Major support 1.1200 (100- day MA). EUR/USD has slightly retreated after making a high of 1.12650. It is currently trading around...

FxWirePro: AUD/USD breaks major trendline resistance at 0.7640, good to long dips

Sep 07, 2016 07:25 am UTC| Technicals

In line Australia GBP data along with higher commodities prices, especially oil and copper to keep Aussie supported. RBA left the cash rate unchanged at a record low of 1.5% earlier today. Downside remains cushioned...

FxWirePro: USD/CNY falls below 6.67 mark, PBOC sets yuan mid-point at 6.6555

Sep 07, 2016 07:24 am UTC| Technicals

USD/CNY is currently trading around 6.6646 marks. It made intraday high at 6.6722 and low at 6.6217 levels. Intraday bias remains bearish till the time pair holds key resistance at 6.6805 marks. On the top...

GBP/JPY faces strong support at 9-day EMA, break below targets 135/134

Sep 07, 2016 06:53 am UTC| Technicals

Major support 135.80 (9- day EMA). Major resistance 136.53 (23.6% retracement of 138.83 and 135.82). GBP/JPY has broken major support at 136.25 and declined till 135.82 at the time of writing. It is currently...

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