FxWirePro: Kiwi outperforms on Fonterra’s upward revision by S&P, good to buy NZD/USD dips
Oct 14, 2015 06:11 am UTC| Technicals
The New Zealand dollar held at 0.6674 against the Greenback, after having dropped 1.1 percent on Tuesday NZD/USD briefly dipped after RBNZ Governor Graeme Wheeler reiterated that further easing in the cash rate seemed...
GBP/AUD trades well above major resistance 2.100, jump till 2.140 is possible
Oct 14, 2015 05:49 am UTC| Technicals
GBP/AUD has broken minor resistance 2.100 and a jump till 2.140/2.155 is possible. It is currently trading at 2.1170. The pairs minor resistance is around 2.1200 and any break above would extend gains till...
FxWirePro: Chinese data weighs on Aussie, AUD/NZD hits fresh 4-month lows at 1.0814
Oct 14, 2015 05:24 am UTC| Technicals
A soft reading in Chinese inflation numbers on Wednesday added to concerns about deflationary pressures, kept the Aussies subdued The Asian indices also took another hit after the softer Chinese inflation print triggered...
FxWirePro: USD/CHF forms bullish BAT pattern, good to buy at dips
Oct 14, 2015 05:13 am UTC| Technicals
Harmonic pattern - Bullish BAT pattern Potential Reversal Zone (PRZ) - 0.9520 USD/CHF has retreated till 0.9554 after making a high of 0.9645 yesterday. It is currently trading at 0.9576. Short term trend is bullish as...
FxWirePro: USD/JPY extends range trade amid persisting risk-off moods
Oct 14, 2015 04:12 am UTC| Technicals
Yen bulls remain in control amid tepid Chinese data and sinking Asian indices, fuelling further risk-aversion Chinas September CPI missed forecasts at +1.6% y/y vs expected +1.8%, while PPI saw -5.9% y/y, in line with...
GBP/JPY forms Bullish Cypher pattern, good to buy at dips
Oct 14, 2015 03:59 am UTC| Technicals
Harmonic Pattern- Bullish Cypher pattern Potential Reversal Zone (PRZ) - 181.40 GBP/JPY has made a low of 181.84 and recovered from that level. till 183. It is currently trading at 182.88. Intraday minor...
FxWirePro: Buy USD/JPY around 119.60-65 with SL around 119.20 for the TP of 120.15/120.30
Oct 14, 2015 03:06 am UTC| Technicals
USD/JPY has made a low of 119.49 and slightly recovered from that level. Short term trend is bullish as long as support 119.20 holds Any break below 119.20 will drag the pair down till 118.60 level. On the higher...